Sunday March 1, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Interest in Greece as investment destination is mounting

The operating license of the casino at Parnitha could be transferred to Elliniko should the government decide to allow for the creation of a casino on the plot of the old Athens airport that is up for sale.

By Dimitra Manifava

Funds from the United Arab Emirates and Qatar are seeking ways to get involved in funding Greek small and medium-sized enterprises, as foreign interest in investing in Greece is growing on a number of fronts.

According to a senior Development Ministry official, representatives of the Investment Corporation of Dubai (ICD) recently visited the heads of Greece’s four systemic banks to discuss ways of investing in corporate loans adding up to 700 million euros.

At the same time Qatar remains interested in investing 1 billion euros in the Hellenic Investment Fund, as evidenced by the fact that its government has sent Athens a series of letters containing questions on technical matters. The law for the foundation of the investment fund was voted on in the last few days of 2013 and the process for its organization and operation is already under way.

The investments of Chinese groups in Piraeus are at a much more advanced stage. Chinese telecommunications giant ZTE is set to launch the pilot operation of its logistics center early next month, ahead of its official inauguration on February 20.

Today or tomorrow state privatization fund TAIPED’s governing board is expected to issue its approval of the text of the contract concerning the sale of the former airport plot at Elliniko in southern Athens. The draft contract will then be forwarded to the three interested parties as an invitation for their binding bids. The final contract between the winning private consortium and TAIPED will also be signed by the Greek state, and it is expected to bring about investments totaling between 5 and 8 billion euros, while direct or indirect job creation at the site in southern Athens is expected to amount to 8,000-10,000.

On Wednesday a government official familiar with the matter did not rule out the possibility of a casino being opened on the Elliniko site, although it is not yet known whether a new license would be issued or the license of the Parnitha casino would be transferred to it. If it emerges that there are plans for a casino at Elliniko, an additional price will be negotiated and a separate investor could be found.

ekathimerini.com , Wednesday Jan 15, 2014 (22:40)  
Schaeuble softens tone, says Greece ´needs time´
Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
Greece seeks negotiations on ECB bond repayment
Piraeus plans are coming in next few weeks
Greece´s lenders skeptical on new bills but focus on funding needs
European officials have expressed concern that the Greek government has not consulted with its partners over its plans to bring new legislation to Parliament this week but the greatest focus...
Lenders to be consulted over collective bargaining
Greece will consult with its lenders over changes to labor regulations that will reintroduce collective bargaining for Greek workers, Labor Minister Panos Skourletis has told Kathimerini. Th...
Inside News
BASKETBALL
Spanoulis leads Olympiakos to win over Malaga
A good second half was enough for Olympiakos to get the better of Unicaja Malaga (77-72) and score its seventh win in eight games at the second group stage of the Euroleague on Friday. Playi...
SOCCER
Ten-man Olympiakos couldn´t overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
Inside Sports
COMMENTARY
A unionist agenda
Maybe Greece will not experience a credit event, “because it is in no one’s interest,” as Minister of State for Coordinating Government Operations Alekos Flambouraris recently assured. Maybe...
EDITORIAL
The beguiling limelight
Too much media exposure is never a good thing and there is no shortage of newcomers in politics who are beguiled by the limelight. What usually comes after this thrall of publicity is the in...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Schaeuble softens tone, says Greece ´needs time´
2. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
3. Greece´s lenders skeptical on new bills but focus on funding needs
4. Lenders to be consulted over collective bargaining
5. Alleged accomplices of N17´s Xeros caught in Athens
6. Hellas Gold and workers react to Greek gov´t decision on plan permit
more news
Today
This Week
1. Greece's lenders skeptical on new bills but focus on funding needs
2. Greece to prioritize IMF repayments but wants talks on ECB-held bonds, says Varoufakis
3. Schaeuble softens tone, says Greece 'needs time'
4. Lenders to be consulted over collective bargaining
5. Greece seeks negotiations on ECB bond repayment
6. Spain, Portugal sought to trip up gov’t, Tsipras says
Today
This Week
1. Time for Alexis Tsipras to keep his nerve
2. Greek bailout deal faces review by euro officials next week
3. Greece says eurozone deal won time as cash bled from banks
4. The ignorance of the West about the culture of Islam
5. A fierce battle looms
6. Spain said to lead push to hold Greece to terms as Podemos grows
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.