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Tag Archives: cost

New Heraklio Airport on Crete to cost €1.5bn, create 1,500 jobs

Indian infrastructure company GMR Airports Limited, along with its Greek partner Terna Group, will develop the new international airport of Heraklion in Kastelli, Crete, after Greek Transportation & Infrastructure Minister Christsos Spirtzis signed the concession agreement. On Friday, the minister and the consortium signed a concession agreement for design, construction, …

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Lime Scooters make their debut in Athens, available to locals & tourists

Electric Lime Scooters made their debut in Athens this week offering a quick, easy, economical and environment friendly alternative to locals and visitors of the Greek capital. Speaking to the Athens-Macedonian News Agency (ANA) on Wednesday, the company’s managing director Nikolas Hatzidakis said the hired electric scooters will be an …

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Upgrade of 85 Greek F-16 to Viper starts, 1.1bn project

Τhe upgrading program for 85 F-16 fighter jets with the Block 70/72 Viper system will be formally launched on Monday, Lockheed Martin’s VP Business Development Initiatives in Europe Dennis Plessas said at a press conference in Thessaloniki. Revealing the time table of the upgrade, Plessas said that ” a great …

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Greece’s once biggest private MEGA TV to stop broadcasting in 15 days

After 28 years in operation, Greece’s once biggest private television channel MEGA TV will be removed from the signal network. This was announced by Minister for Digital Policy and Media Nikos Pappas on Wednesday, after the new TV license holders were anno0unced. Asked by reported on if Mega TV will …

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Three Greek motorways cost €1.2billion more than they should, EU Auditors report

Construction of three motorways in Greece cost 1.2 billion euros more than it should. Furthermore the projects were poorly planned and significantly delayed, a report by the European Court of Auditors on public-private partnerships (PPPs) has found. The EU Auditors examined construction projects in four EU member states, that is …

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Defense Minister Kammenos contradicts Trump on F-16 cost

Greek Defense Minister Panos Kammenos contradicted Us President Donald Trump about the cost for the upgrade of F-16. He clarified that the 2.4 billion USD – as Trump claimed – are not for the upgrade of F-16 only. Η οροφή για την αναβάθμιση των F-16 από τον προϋπολογισμό είναι 1,1δις …

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EU and Frontex spend millions for migrants deportations, when the money…

The EU is spending millions forcibly sending people back to their home countries, when the money could be spent more constructively. According to a probe conducted by Brussels-based European news media outlet EUobserver, the cost of sending people back home can skyrocket to up 90,000 euros for one single case. …

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The transfer of Holy Light divides Greece’s coalition government

It was first SYRIZA lawmaker Makis Balaouras, who claimed the Holy Light was a “pagan residue”. A couple of days later, the parliamentary spokeswoman of SYRIZA, Foteini Vaki described the Holy Fire as a “fake miracle.”  The debate about the transfer of the Holy Light from Jerusalem and the official …

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Greece completes transfer of 14 regional airports to Fraport

Greece has formally completed the transfer of 14 regional airports to a consortium led by Germany’s Fraport AG, in a privatization that is a key element of the country’s bailout program. The Greek state privatization agency says that under the deal signed Tuesday the consortium has paid a 1.23 billion-euro …

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Tempi Tunnels make it possible: Athens-Thessaloniki in 4 hours (picts, videos)

The inauguration ceremony of the Tempi Tunnels had everything a Greek soul wishes: a religious blessing, the National Anthem, a wreath at the monument dedicated to National Resistance near by, a speech by the Prime Minister and an EU Commissioner. The three tunnels are at Tempi Valley and Maliakos-Klidi section …

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Greece, Cyprus, Italy and Israel sign East Med Gas Pipeline project

Energy ministers from Greece, Cyprus, Italy and Israel signed an agreement on natural gas pipeline in Tel Aviv on Monday. The proposed 2,000 kilometer subsea pipeline would connect gas fields offshore of Israel and Cyprus with Greece and possibly Italy. Aiming to transform the Eastern Mediterranean into a regional energy …

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EU Commission reveals 5-billion-euro European Defense Fund

The European Commission is planning to propose the creation of a fund for military procurement and research, as part of wider plans for an EU defence union. The proposal, due out in Brussels on Wednesday (30 November) and seen by the Reuters news agency, says member states should pool money …

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Greek Parliament approves the Mosque construction in Athens

With a large majority of votes, the plenary of the Greek Parliament approved the provision to accelerate construction procedures for the mosque in Votanikos area of Athens. In a roll-call, in favor of the procedure voted 206 MPs from ruling party SYRIZA and opposition parties New Democracy, Communist KKE, To …

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ESM Regling: “Varoufakis cost Greece 100 billion euro”

Head of the European Stability Mechanism Klaus Regling said that the cost for Greece for having Yanis Varoufakis as Finance Minister was 100 billion euro. In an interview to private Skai TV, Regling said that he estimates the cost for Greece to be 100 billion euro, “although there was no …

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