Strong interest expected for AIA’s 30 percent stake

State sell-off fund TAIPED is expecting very strong investor interest in the sale of a 30 percent stake in Athens International Airport. More than five bidders are seen tabling non-binding offers by next Tuesday’s deadline,...

25/10/2019

IOBE sees Greek 2019 growth at 1.8 percent, picking up next year

Greece’s economy will expand by up to 1.8 percent this year and pick up next year, stimulated by exports and investment, the country’s influential think-tank IOBE said on Thursday, sticking to its previous forecast. The...

23/10/2019

Greece’s Prime Minister expected to freeze VAT for post-2006 building licenses

Greece’s Prime Minister Kyriakos Mitsotakis was on Wednesday night expected to announce the suspension for three years of value added tax payments on construction licenses issued since 2006. As indicated by sources, in a discourse...

17/10/2019

EU Commission green-lights Greek 2020 draft budget

The European Commission on Wednesday approved the Greek draft budget for 2020, hailed by the center-right government as containing ambitious measures that will spur growth and bolster investments. “The institutions have already extensively discussed the...

15/10/2019

Cosco’s Piraeus plan approved, in part

Greece’s Port Planning and Development Commission (ESAL) last week approved an investment plan by Chinese shipping giant Cosco for its subsidiary, Piraeus Port Authority (OLP), in essentially the same form that it had been agreed...

12/10/2019

Big fines for undeclared property assets

Huge fines are on the way for property owners who have not declared the actual size of their assets in a bid to dodge taxes, as the Independent Authority for Public Revenue will proceed with...

05/10/2019

Greece gets two bids for tourist resort casino

Greece has received two bids for a licence to build and operate a casino resort in a long-delayed tourist development in Athens, the country’s gaming commission said on Friday. Bids were submitted by Hard Rock...

04/10/2019

Investors eye hundreds of hotel projects

More than 250 hotel and tourism investment projects around the country are being matched up with investors who want to contribute to their realization. According to the Enterprise Greece organization, most of the projects concern...

10/09/2019

Measures heralded by PM seen luring investments, facilitating businesses

The ambitious package announced by Prime Minister Kyriakos Mitsotakis at the Thessaloniki International Fair (TIF) last weekend is seen as a reflection of the government’s much-touted bid to spur the economy and to hit the...

29/08/2019

Plan to sell up to 10 ports revived after years of delays

Greece’s Asset Development Fund (HRADF), the subsidiary of the agency managing state properties whose role is to manage privatizations and find interested investors, is considering privatizing, or turning over the management of to private operators,...