Foreign investment funds mostly from the United States managing billions of dollars are seeking opportunities in Greek markets that are poised for complete liberalization, with the more adventurous among them already investigating potential investments in the education sector, with an eye on the official accreditation of private universities.
One of the funds to have visited Athens manages an investment capital of $5 billion, while research has shown that Greece could reap up to 2 billion euros per year if it invests in increasing the competitiveness of tertiary education.
Funds have also shown an interest in other forms of services such as legal and transport. Major auditing companies have been flooded by information requests from foreign funds asking about the present and future state of the Greek economy, and particularly about the legal and tax status.
Interest also focuses on real estate and on islands, but that quickly wanes when investors discover the legal and zoning problems they would face.
The economic crisis appears to have generated a new spirit of volunteerism in Greece, a country where this social activity has not been particularly widespread in the past.
A survey made pub...
The head of the police precinct in Rendi, southern Athens, goes on trial in a Piraeus court Wednesday charged with robbing a Pakistani store owner, trying to blackmail him and getting him ar...
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Dividing lines – less so between political parties and more so between political cultures and ideologies – do not go away as easily as some would like to think. In the case of Greece, politi...
Prime Minister Antonis Samaras’s recent official visit to China aimed at attracting foreign investment and meeting with his Chinese counterpart proved to be highly successful.
The image of t...
