A delegation of the European Commission, with executives responsible for the EU Recovery Fund, are in Athens to evaluate the progress in the implementation of the projects financed by the EU.
INVESTMENTS
At first, prices were under pressure due to the gradual rise in energy prices starting in mid-2021.
The Hellenic Competition Commission approved the sale of electronics and appliance chain Kotsovolos to the Public Power Corporation (PPC), it said on Wednesday.
Foreign direct investment would have amounted to less than 2.5 billion euros in 2023 were it not for the real estate market.
Given how far the Greek-American relationship has come in the past decade in terms of maturity, consistency and continuity, the next logical step is to deepen these ties in other areas beyond defense and security.
The negotiations between the GEK Terna group and investment funds of Arab interests, which are now in the driver’s seat for the acquisition of Terna Energy, are on a good track, Kathimerini understands.
Reports circulating in the market in recent days regarding the Golden Visa program suggest that the government intends to establish three different investment thresholds, depending on the area where the property in question is located.
Prime Minister Kyriakos Mitsotakis met in Athens at Maximos Mansion with visiting CEO of Vodafone Group Margherita Della Valle on Thursday and discussed the company’s investments in Greece as well as expanding collaboration.
The leading position of real estate in foreign direct investment (FDI) in Greece remained and even strengthened in 2023.
Greece has an investment-friendly environment, Minister of National Economy and Finance Kostis Hatzidakis said in an interview with the Japanese news agency Kyodo, inviting investors from Japan to come to Greece.
The government is about to increase the threshold for the Golden Visa program to 800,000 euros in some cases.
EIB Global, the financial arm of the European Investment Bank for activities outside the European Union, invested a record-breaking 1.2 billion euros across the Western Balkans in 2023 (€365 million more than in 2022).
Startups may have now gone past the worst, say several international investors, predicting that 2024 will be a year of stability.
A total of 5.54 billion euros is estimated to have flowed into the real estate market and the economy in general through the Golden Visa program during its nearly 10 years of operation.
One of the most important IKEA supply centers worldwide, that which will supply Eastern Mediterranean countries with the products of the Swedish giant, will start operating about a year from now, in Aspropyrgos, West Attica.
In a meeting at the Maximos Mansion on Tuesday morning, Prime Minister Kyriakos Mitsotakis, Vasilis Fourlis, President of the Greek retailer Fourlis Group and Andrea Colzani, Inter IKEA Holding’s Global Logistic Units Manager, announced Inter IKEA’s decision to invest in Greece.
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