Friday Jul 25, 2014 Search
Weather | Athens
32o 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 Greeces 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 TAIPEDs 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)  
Lenders highlight Cypriot bad loans
More than 15 applicants for Cyprus Airways
Greeces PPC OKs 180-mln-euro investment for wind projects
Optimism sees stock index climb over 1,200 pts
Civil servants who changed contracts to undergo checks
State inspectors are to begin checking the circumstances under which thousands of people working in the public sector had their fixed-term contracts switched to open-ended deals in the years...
Italy adds to calls for FYROM name row to be solved
Pressure from within Europe for a solution to the dispute between Greece and the Former Yugoslav Republic of Macedonia (FYROM) over the latters name is growing, with Italian Foreign Ministe...
Inside News
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. I l...
SOCCER
Olympiakos downs AC Milan 3-0 in friendly
Greek champion Olympiakos defeated Italy's AC Milan 3-0 late on Thursday in a friendly match that launched the International Champions Cup in Canada and the US. The result, with goals from A...
Inside Sports
TALK
What lessons can we draw from antiquity?
Our theme is limits. And we are gathered here at this limit of Europe, close the to sea: the limitless, the boundless. And we face all sorts of limits. There are the limits of knowledge fa...
COMMENTARY
Forty years of shortsighted party policies
It is 40 years since the restoration of democracy, and the two main parties which were established in 1974 and determined the countrys fate since then are unable to act their age. For decad...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Civil servants who changed contracts to undergo checks
2. Lenders highlight Cypriot bad loans
3. More than 15 applicants for Cyprus Airways
4. Greeces PPC OKs 180-mln-euro investment for wind projects
5. Italy adds to calls for FYROM name row to be solved
6. Optimism sees stock index climb over 1,200 pts
more news
Today
This Week
1. Greek coast guard picks up 77 migrants off Myconos
2. Draghi safety net becoming blindfold as bonds soar
3. Police report points to less crime in 2014
4. Aegean Airlines resumes flights to Tel Aviv
5. Thousands of dead fish surface in Lake Pamvotis
6. Godfather, 35, shot at Karditsa christening dies
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Unequal after death
5. Greek banks able to tap investors after stress tests, HFSF Says
6. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.