Wednesday September 3, 2014 Search
Weather | Athens
29o C
23o 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)  
Helexpo sell-off plan to be ready by mid-October
Maniatis talks energy with Washington’s man in Athens
Task force to examine cases of extreme taxation, customs issues
Hotels hike prices by 10 pct in H1 of 2014
Report points to suspicious clinic charges to EOPYY
A quarter of all the expenses submitted last year by private health clinics to EOPYY, the country’s largest healthcare provider, have been deemed suspicious and in need of further investigat...
New rector seeks to introduce ID checks at University of Athens
One day after his swearing-in ceremony was marred by protests against budget cuts and the expulsion of thousands of so-called eternal students, the new rector at the University of Athens, Th...
Inside News
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the people’s favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Helexpo sell-off plan to be ready by mid-October
2. Maniatis talks energy with Washington’s man in Athens
3. Task force to examine cases of extreme taxation, customs issues
4. Hotels hike prices by 10 pct in H1 of 2014
5. Pension system nears breaking point
6. Report points to suspicious clinic charges to EOPYY
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Moderating expectations
6. Greece needs private debt overhaul, Piraeus Bank CEO says
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Strong undersea quake occurs off island of Milos, felt in Athens
4. Hardouvelis, ECB executive discuss bank program, stress tests
5. Greek quest for debt relief faces hurdles in Paris
6. Prospect of Greek grand prix back on the agenda; huge investment needed
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.