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Greece

Geostrategic Powerplay Hinders Massive Chinese Investment in Greece

The decision recently taken by Greece's Central Archaeological Council (KAS) to declare a large part of Piraeus a site of archaeological interest is putting up barriers on a 600-million-euro investment by China's Cosco shipping giant. The Chinese government has shown...

Cannabis Legalization in Greece Creates Business Opportunities

Greece is aiming to create new business opportunities in the new cannabis market generated after the passage of new laws which legalize the use of medical cannabis and the production of industrial cannabis. The first two licenses were granted to...

Greece Approves Medicinal Cannabis Production

The Greek government issued the first two licenses for the cultivation and processing of medical cannabis on Monday, and announced that another twelve licenses will be issued by the end of this year. "There is huge interest, mainly from Canada...

Greece to Expand Its 'Golden Visa' Scheme

The expansion of the "golden visa" foreign investors incentive program is among the priorities of the Economy and Development Ministry of Greece. At a press briefing on the Ministry’s plan over the next two months, Stergios Pitsiorlas, Greece’s alternate Minister...

Greece's New Cabinet Members Sworn In (photos)

The new members of the Greek government were sworn in on Wednesday afternoon, in a ceremony held in the presence of President Prokopis Pavlopoulos and Prime Minister Alexis Tsipras. On Tuesday, Tsipras reshuffled his cabinet ahead of a keynote economy...

Greece's Tsipras Announces Limited Cabinet Reshuffle

Greece's premier Alexis Tsipras announced a reshuffle of his government in an effort to reverse the tide as his SYRIZA party lags well behind conservative New Democracy in opinion polls. The reshuffle included 13 new faces, but there were no...

Greek Activists Demanding Freedom for Jailed Terrorist Ransack State Building

A group of about 15 people have invaded the former ministry of commerce building in central Athens, vandalizing the premises and demanding that convicted terrorist Dimitris Koufodinas gets prison leave. Koufodinas -- who is serving a life sentence for being...

Canadian Firm Plans Production of Medicinal Cannabis in Greece

A Canadian company is planning medicinal cannabis investment in Greece, as a bill on Canabis production and use was passed in principle by the relevant parliamentary committees on Wednesday. The Canadian firm Aphria is planning to launch an investment for...

Greek and Chinese Companies Sign Four Collaboration Agreements

Greek and Chinese companies signed four collaboration agreements in Athens on Thursday, before the completion of the second Greece-China Action Plan work group meetings. Action Plan 2017-2019 aims to promote economic cooperation between the two countries, and the effective combination...

Capital Link Forum Addresses Corporate Social Responsibility

The 7th Annual Capital Link Corporate Social Responsibility Conference held in Athens on Thursday gathered an esteemed crowd of about a 1,000 attendees. The conference was entitled "Investing in Development -- The New Face of CSR" and was held...

Greece is Very Close to the Final Exit from the Crisis, PM Tsipras Says

Greece is very close to the final exit from the crisis and the government's aim is fair and sustainable development, Prime Minister Alexis Tsipras said on Saturday during a meeting with Chinese Prime Minister Li Keqiang. Tsipras said that serious...

Meeting Decides Against Giving Egnatia Highway to New Privatisation Fund

The Egnatia toll road spanning northern Greece will not be given to the new Privatisation Fund that is to be set up in Greece, a meeting held at the government's headquarters decided. The meeting, attended by ministers and Egnatia...

Chinese and Russian Investors Top List for 'Greek Golden Visa'

Chinese investors are on top of the list of the "Greek Golden Visa" recipients as the program provides residence permits to third-country residents and their families when they invest 250,000 euros or more in real estate property in Greece. Real...

Greek Deputy Minister of Economy and Development Says Greece Needs a Change in Culture

The biggest structural change that must take place in Greece is a change in culture, Deputy Economy and Development Minister Stergios Pitsiorlas said on Saturday during a one-day event titled “Development Partnership between State-Banks-Businesses”, organized by newspaper “Macedonia” in...

Thessaloniki Port Tender in Process After Opposing Minister Leaves

The replacement of former shipping minister Theodoros Dritsas signified that procedures for the privatization of Thessaloniki Port Authority (OLTH) are restarting. The procedure for the privatization of OLTH has restarted, with binding bids for the Athens-listed corporation expected for January. Even...