Greece
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...
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...
Business
Greece to Cut Taxes and Offer Incentives for Large Investments
The Greek government plans to offer tax relief to households, to cut business taxes and offer incentives to lure wealthy individuals to change their tax residence to the country as part of a new bill which opened for public...
Business
Kick-Starting Stalled Investments Will Give Much-Needed Boost to Greek Economy
Greece’s financial crisis is still affecting the hopes and dreams of the people that live in the country, as it has been in economic turmoil for most of the last decade.
Greece’s GDP shrunk 26% in the span of eight...
Economy
Juncker Plan: Greece Places First in EU in Funded Investments
It was made public on Thursday that Greece heads the list of the 28 member states of the European Union in receiving investment funding from the so-called ''Juncker Plan.''
The funding for the nation of Greece totals €76.9 billion, according...
Diplomacy
US Senator Menendez "Concerned" About Chinese Investments in Greece
Senior US Senator Robert Menendez expressed concern over the long-term impact of Chinese investments in Greece in an interview released on Saturday.
In an interview with the Athens-Macedonian News Agency (AMNA), Menendez said that "while Chinese investment in Greece may...
Business
Airbnb Investments Revive Athens' Historic Neighborhood of Psyrri
Psyrri, a popular downtown neighborhood of Athens at one time, is becoming the center of Airbnb-related business once again, as three more major investments have been announced over the last few weeks.
Psyrri became one of the hotspots of nightlife...
Business
Tsipras Aims to Lure Investments from Arab Countries
Greek Prime Minister Alexis Tsipras welcomed business delegations from the Arab world at the opening of the 3rd Euro-Arab Summit, held in Athens.
In his speech, Tsipras paid tribute to all those who recognize the important investment opportunities offered by...
Business
Investments in Hemp, Pharmaceutical Cannabis Taking Off in Greece
Investments in plants for processing industrial hemp and pharmaceutical cannabis amounting to at least 255 million euros are currently in progress in Greece, says the director of Cannatec Greece, a company leading the sector.
Talking to the Athens-Macedonian News Agency...
Business
Top 4 Direct Foreign Investments in Greece for 2018
With the end of the third bailout program in August, foreign investments in Greece will continue stronger for the next years as the economic outlook appears more promising than in the crisis years.
In this light, foreign giants continue to...
Business
Foreign Direct Investments Created 2,000 Jobs in Greece in 2017
The total number of foreign direct investments (FDIs) in Greece reached 24 in 2017, up by 11 compared to 2016, and generated 2,000 new jobs, according to new data.
According to figures from the new European attractiveness survey released this...
Economy
PM Tsipras: Greece "Next Big Thing" for Investments
Greece has become a friendlier and more credible country in terms of business and investments, Prime Minister Alexis Tsipras said addressing the Delphi Economic Forum on Friday.
The country has become "less bureaucratic, with a modern tax system, uniform and...
Business
The Three Investments that Could Change Greece’s Fate
The Greek government’s turn towards realism has raised hopes that foreign and domestic investors would grab the opportunity to transform Greece's economy and help bring the country out of the decade-old crisis.
Already three massive investment projects are promising to...
Economy
PM Tsipras to Capital Link Forum: Greece Invites Foreign Investments
Greece will have exited the bailout program in the summer of 2018, Prime Minister Alexis Tsipras said in a videotaped message to the 19th Annual Capital Link Invest in Greece Forum in New York, on Monday.
Tsipras said that Greece...
Economy
Greek Gov't Cuts Down on Public Investments to Pay Social Dividend
The Greek government has frozen the Public Investments Program in order to pay the social dividend worth 1.4 billion euros promised by Prime Minister Alexis Tsipras, a Kathimerini newspaper report says.
Based on figures for the January-October period provided by...