The government is about to increase the threshold for the Golden Visa program to 800,000 euros in some cases.
INVESTMENTS
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.
Mytilineos Holdings S.A. became the first Greek company to benefit from Greece’s return to investment grade in the past few days, as the listed group is now just a step away from regaining its own investment grade, since S&P has just rated it BB+
Investments in the Greek commercial real estate market (offices, shops, hotels and logistics) reached a new record high in 2023.
More than 200 analysts from the largest financial houses in the world attended the presentation in London of Public Power Corporation’s (PPC) investment plan, amounting to 9 billion euros over the next three years, which lasted over two hours.
Cyprus leads all European Union countries in the supply of cross-border investment services.
One of the big open questions about the future of Athens is whether and to what extent the disjointed investment plans in the city center will succeed.
Two of Europe’s leading energy transition investors plan to raise 500 million euros ($544.55 million) for a battery raw materials fund, aiming to plug “significant gaps” in the region’s supply chain, executives told Reuters.
Greece’s return to investment grade in 2023 signals a return to normalcy
Prime Minister Kyriakos Mitsotakis said the new wing of the Boehringer Ingelheim pharmaceutical company in Koropi will be one of the most technologically advanced in Europe, durin a visit to the company on Thursday.
The Public Investment Program, including funds disbursed by the European Union’s Recovery and Resilience Facility (RRF), pumped €11.2 billion into the economy, Alternate Finance Minister Nikos Papathanasis said Wednesday.
The European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the European Union announced on Tuesday a 560 million euro ($613.87 million) financing package for North Macedonia to build a railway line to neighboring Bulgaria.
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