Greece
Diplomacy
Greece and UAE Set Up $4.2 Billion Investment Initiative
Greece and the United Arab Emirates (UAE) have agreed to create a €4 billion ($4.22bn) initiative to invest in the Greek economy during a visit by Greek premier Kyriakos Mitsotakis to Abu Dhabi on Monday.
Investments will be made in...
Basketball
Antetokounmpo Makes Major Real Estate Investment in Greece
During his summer vacation with his brothers, NBA champion Giannis Antetokounmpo made his first large investment in his native Greece.
According to the Proto Thema newsweekly, Giannis bought two villas in the new Rolling Greens neighborhood of Costa Navarino, in...
Business
Hellinikon Development Spurs Athens Riviera Real Estate Investment
The redevelopment of Athens' former airport, Hellinikon, has resulted in a great deal of interest in real estate along the Athens Riviera.
Economy
Major Foreign Investments Expected to Help Greece Rebound from Covid-19 Crisis
While economies across the world have all been hit hard by the coronavirus pandemic, new foreign investments in Greece are expected to help the country bounce back, promising much-needed growth in 2021.
The Greek economy is estimated to shrink by...
Energy
Massive Volkswagen Investment Seen as Vote of Confidence in Greece
Greek PM Kyriakos Mitsotakis hailed on Wednesday the ambitious investment by German automaker to the island of Astypalaia a "vote of confidence in Greece."
Volkswagen, in cooperation with Greece, announced it will launch an innovative project to bring climate-neutral mobility...
Business
Microsoft Announces Massive Billion-Dollar Investment in Greece
Microsoft President Brad Smith announced a large investment in Greece on Monday, which is expected to reach one billion euros ($1.17 billion) and -- as he noted -- shows the company's confidence in the Greek economy.
As part of the...
Business
Microsoft Reportedly Plans Massive €1 Billion Investment in Greece
Microsoft is expected to announce on Monday a massive €1bn ($1.17bn) investment in Greece for the establishment of its new activities in Europe, including cloud services, Greek media report.
The announcement will be made during an event at the Acropolis...
Business
Capital Link Webinar on Greece and Foreign Investment
Capital Link is organizing a webinar on Tuesday which will showcase the need for boosting Foreign Direct Investment (FDI), as the coronavirus pandemic threatens to drag both the global and Greek economy to a new, deeper recession.
The Webinar titled...
Economy
European Investment Bank Offers €200M to Support Infrastructure in Evros, North Aegean
The European Investment Bank will offer 200 million euros to Greece for the support of infrastructure works due to the recent migration-related developments on the islands of the northeastern Aegean and in Evros, it was made public on Friday.
Greek...
Economy
Volkswagen Mulls Major Electro-Mobility Investment on Thassos Island
Costas Fragogiannis, Greece's Deputy Minister of Foreign Affairs, who is also responsible for the country's economic diplomacy, visited the northern Greek island of Thassos on Wednesday along with a large delegation from the German automaker Volkswagen.
The two groups traveled...
Diplomacy
Greek PM Tours Saudi Arabia, UAE Seeking Investments and Allies
Greek Prime Minister Kyriakos Mitsotakis visited Saudi Arabia and the United Arab Emirates on Monday with a view to attract investments and build alliances to counter Turkey's expansionist policies in the eastern Mediterranean.
Greek government sources say that during his...
Diplomacy
US Ambassador Expects Significant American Investment in Greece
"The stage is set for a fantastically productive 2020, and many exciting opportunities lie ahead," U.S. Ambassador to Greece Geoffrey Pyatt said late on Thursday addressing the American Hellenic Chamber of Commerce.
The U.S. Ambassador expressed confidence that there will...
Economy
Greece Signs Loan Agreement With European Investment Bank for New Heraklion Airport
Greece on Thursday signed two loan agreements with the European Investment Bank (EIB) worth 330 million euros.
The EIB loans, one for the construction of a new international airport in Heraklion, Crete, and the other for priority investments in Greece,...
Energy
Greece Plans Massive Investment in Switch to Cleaner Energy
The Greek government approved on Thursday an ambitious plan to switch to cleaner energy hoping to generate investment worth about €44 billion over the next decade.
The plan approved by the cabinet showed Greece will try to reduce its carbon...
Greece
Greece Sets New, Higher Investment Criteria for Golden Visa Program
Greece launched a new set of criteria on Thursday for offering a Golden Visa to foreign citizens, setting out procedures for the granting of a five-year entrance and residence permit in Greece to non-EU nationals.
More specifically, in order to...