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Tag Archives: investment

Increased Israeli interest to invest in Greece’s privatization program, energy, tourism

The environment, energy, tourism and real estate sectors reportedly dominate interest by Israel-based investors eyeing business prospects in Greece, according to reports. Greece’s embassy in Israel has mostly fielded requests by local companies interested in an ongoing privatization program in the still bailout-dependent country. Solid and liquid waste management, a …

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Special Envoy Fuchtel strikes back, promises German investments and jobs creation

German businesses are planning important investments in Greece, such as the creation of a logistics center in Alexandroupolis and investments in tourism. These investments could create up to 50,000 new jobs, especially for younger Greeks, Germany’s Deputy Minister of Economic Cooperation and Development, Hans-Joachim Fuchtel, said on Wednesday. During a …

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Chinese online giant Alibaba considers to expand in Greece

Chinese online-shopping giant Alibaba is expressing an interest in Greece now that Cosco Pacific’s investment in the port of Piraeus appears to be in the bag. Officials of the world’s biggest online sales corporation will visit Athens this week, and in September Alibaba has arranged for contacts with the Greek …

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Athens invites hydrocarbon companies to invest in Greece

International oil companies were invited to start investing in hydrocarbon research in Greece, by Athens’ Energy Minister Panos Skourletis. Skourletis invited companies to start investing in research and exploitation of potential hydrocarbon reserves in Greece, in a speech he made on Friday at the 45th Central-Eastern Europe & Caspian Scout …

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Why do major investors avoid Greece?

Greece is eager to attract major investors willing to put their money in Greece and create jobs. But investors are reluctant to do so. The question remains, however: Is the high level of Greece’s sovereign debt an obstacle to attracting investment? Indices measuring a country’s competitiveness – often a “gold …

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Moscovici in Athens to check ‘state revenues’, while some Greeks cannot pay rent & bills

EU Monetary Affairs Commissioner Pierre Moscovici arrived in Athens today. He talked with the Prime Minister and other important members of the cabinet about “prior actions”, austerity cuts, structural reforms and equivalent measures. One of Moscovici’s hot spots is whether the Greek government can scrap the 23% Value Added Tax …

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Amphipolis’ Kebab & Persephone’s Gyros: 4,000 vendors want to open souvlaki grills near the ancient tomb

Funding the excavations and promoting the mysterious ancient tomb of Amphipolis, Prime Minister Antonis Samaras had an inner desire: to see the area blooming and attract thousands if not millions tourists every year.  Growth and development and revenues at full speed. And, indeed.  Samaras’ wish seems to come into fulfillment, …

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Chinese PM arrives in Athens with €6.5bn in his suitcases

Chinese Prime Minister Li Keqiang arrived Thursday afternoon in Athens afternoon where he was welcome with all honor relevant to the leader of a country: two military contingents,  a band playing marches and the national anthems of the two countries, a cooling breeze from Northwest was making the arrival in …

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Philip Morris to turn town of Agrinio into Europe’s tobacco warehouse

Big investment on the way. Greece will turn into tobacco warehouse for the whole of Europe. Philip Morris has plans to build a new central warehouse in Agrinio, a town in western Greece and supply with tobacco all smokers within the European boundaries. “Philip Morris plans to take 50 percent …

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If half of PM Samaras’ heart is in Greece, the other half is in China…

Greece’s prime minister Antonis Samaras is visiting China in an effort to get investment in the debt-ridden country. On Thursday, the first day of his official contacts, Samaras invited the Chinese business community to join “Greece’s success story.” On Friday Samaras reiterated his invitation to the Chinese political and business …

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PASOK leader calls George Soros “international speculator”

They flashed and banged inside the Greek parliament, the political party leaders on Tuesday during the ‘hour of  leaders’. Main topic of dispute the problems of in the agriculture and the farmers. It was inevitable that the leaders sharpened their swords on the painful issue of development and growth – …

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New Investment Bill submitted to Greek Parliament

Greek deputy Development Minister submitted the new investment draft bill to the Parliament, aiming to attract foreign capital and create jobs in Greece and thus in fast track procedures. The mammoth bill  will speed up the issuing of permits for strategic investments, provide some tax exemptions and tax incentives. However …

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Hollande to “push” 2+6 frigates to debt-ridden Greece

Everything changes and everything remains the same. Politics, mentalities and interests. What if Greek children go hungry to school, pensioners dig in garbage bins for food and majority of households cannot afford heating their homes. Politics, mentalities and interests remain the same. French  President Francois Hollande will visit Athens on …

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