Greece

The Chinese consortium consisting of Friedmann Pacific Asset Management Ltd (FPAM) and Shenzhen Airport (Group) Co announced their interest in becoming the principal shareholders of the Athens International Airport Eleftherios Venizelos and taking over the management. FPAM’s CEO, Eric Cheng...

The Golden Visa program is one of the most inventive projects created by Greece's Ministry of Economy to lure foreign investors in order to help the country's economy recover from the slump. The Golden Visa program is offering five-year residency...

Last August, when Xi Jinping, the president of China, made an unofficial one-night stopover on the island of Rhodes while traveling to Brazil for a summit of leading emerging markets, Greece’s president and premier flew from Athens to ensure...

Chinese Premier Li Keqiang will travel to Athens with the aim of seeking investment opportunities in Greece’s privatization program. Mr. Keqiang, accompanied by Chinese Foreign Minister Wang Yi and a large governmental delegation, is expected to arrive in Athens...

Chinese vice Premier Zhang Dejiang –accompanied by members of the Ministers' Council- paying an official visit to Athens to promote economic relations between the two countries. He was received by the President of the Hellenic Republic, Karolos Papoulias at...

The long-delayed development of the old Athens airport in Elliniko has hit another snag as hundreds of residents launch a legal challenge. The Council of State, Greece's highest administrative court, will now have to revisit the case a few months after it gave...

  The Chinese consortium Friedmann Pacific Asset Management (FPAM) and Shenzhen Airport reaffirmed their interest in buying a majority stake in the Athens International Airport at a meeting held on Thursday, July 3. During the meeting, attended by Development and Competitiveness Deputy...

China’s Cosco shipping consortium is expected in the coming days to re-submit its multi-million-euro investment plan for Piraeus to the country's Committee of Planning and Development of Ports. The submission will include the company's comments on the previous report issued by...

Greece's Central Archaeological Council (KAS) derailed the multi-million euro investment program of China’s Cosco Shipping consortium on Tuesday, ruling that some proposed projects at the port of Piraeus would affect archaeological sites. In a marathon discussion lasting until midnight, KAS, in a...

The Piraeus Port Authority (PPA) will make a last-ditch attempt on March 10 to convince the Greek government to unblock the 580-million-euro ($650 million-dollar) investment program by China's Cosco Shipping consortium. A government commission had nixed the Port Authority management's investment...

Greece's second-largest port has been sold off to a German-led group in a deal with €1.1 billion ($1.3 billion). Friday's deal is the culmination of the privatization of Thessaloniki port. Greece's government sold its 67-percent stake to a Deutsche Invest-led consortium on...

Monday was another red-letter day for Greece's shipping sector as the largest ever cargo vessel to dock at Piraeus was welcomed by a high-level Sino-Greek team of executives and ministers. The giant Cosco Shipping Taurus made its maiden call in...

A report by Reuters follows the route of tourism-related investments in Greece and reveals major delay and other bureaucratic issues preventing foreign and domestic investors from doing business in Greece. For frustrated developers, the suspicion is that Greece is biting...

The head of Greek privatizations agency (HRADF) said the country aims to receive total revenues of 6 billion Euros from privatizations by 2018. According to HRADF's chairwoman Lila Tsitsogiannopoulou, the revenues would be 500 million for 2016, 2 billion for...

State minister Alekos Flambouraris announced on Friday that the Elliniko airport project which will convert the old airport to a seaside resort is set to begin. Construction on the 7.9 billion euro project will start within the next six months,...