Tag: Infrastructure development

Mitsotakis: Greek Railways to Undergo Major Overhaul Based on PPC Restructuring Model

Greek Prime Minister Kyriakos Mitsotakis announced a sweeping restructuring of the country’s railway system, modeled after the successful turnaround of the Public Power Corporation (PPC). The plan focuses on upgrading safety systems, including full remote control, automatic braking, and real-time geolocation, aiming to restore public trust and modernize Greece’s railways within 15 months.

Intense Seismic Activity Resumes in the Cyclades: 4.9 Richter Earthquake Strikes

The Cyclades are experiencing heightened seismic activity, with a 4.9 Richter earthquake striking Santorini and Amorgos. Officials are prioritizing safety through building inspections and potential school closures. Prime Minister Kyriakos Mitsotakis emphasizes readiness without inciting panic, while infrastructure and tourism continuity remain key focuses for the region.

Greece’s First Cabinet Meeting of 2025: Key Bills and Financial Programs on the Agenda

Greece’s first Cabinet meeting of 2025, chaired by Prime Minister Kyriakos Mitsotakis, is set to focus on key legislative proposals and financial initiatives. The agenda will include bills to strengthen the capital market, reform disciplinary justice, and improve infrastructure, alongside planned updates on public debt management and Greece’s role in the European Bank for Reconstruction and Development.

Greek Parliament Approves Major Railway Restructuring Legislation

The Greek Parliament has approved a crucial bill to restructure the nation’s railway network and strengthen transport regulatory bodies. With 157 votes in favour, the legislation, part of a broader action plan developed with the European Commission, aims to address long-standing issues in the railway sector. Minister Christos Staikouras emphasised the government’s commitment to reform, highlighting the plan’s clear timelines, resources, and milestones for modernising Greece’s transport infrastructure.

The discussion touched on the IMEC, which was agreed upon during the G20 summit last year. Image: Pixabay | Representational

India and Greece Discuss Operationalization of IMEC Corridor and Shipbuilding Collaboration

India and Greece held talks on the operationalization of the India-Middle East-Europe Economic Corridor (IMEC), a project aimed at enhancing trade between the three regions. During the meeting, both nations emphasized the importance of collaboration in shipping and maritime affairs. Union Minister Sarbananda Sonowal invited Greek companies to invest in India’s shipbuilding sector, while Greek Minister Christos Stylianides highlighted the shared goals of both countries amidst global geopolitical challenges.

Strongyli, Greece's Easternmost Island, Set to Receive Road Network for First Time

Strongyli, Greece’s easternmost island and part of the Megisti complex, is set to receive its first road network, marking a significant milestone in the island’s infrastructure development. The Southern Aegean region is advancing this project alongside ongoing port construction on the nearby islet of Ro. Scheduled for completion by the end of November, the new 3-meter-wide road will connect the pier to the island’s highest point, overcoming challenges posed by Strongyli’s rugged terrain.

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Greek Drivers Transition to Electric Vehicles, Favor Chinese Brands

Chinese electric vehicles are gaining popularity in Greece, as evidenced by their prominent display at the “Auto Athina 2024” exhibition. With increasing sales and interest in electric mobility, Greek consumers are drawn to the quality and affordability of Chinese brands. Despite infrastructure challenges, government incentives are encouraging this shift towards sustainable transport solutions.

€1 Billion Rail Projects to Transform Northern Greece into Key Transport Hub

Northern Greece will undergo a significant upgrade with €1 billion in new rail projects, improving 370 km of tracks. These developments aim to boost safety, reliability, and position the region as a key transport hub connecting Asia, the Balkans, and Europe, fostering economic growth and trade.

UK investors look to snap up real estate in Greece

The Allure of Greek Real Estate

foreign investment, Greek real estate, property investment, Golden Visa, tourism boom, real estate market trends, competitive property prices, Mediterranean lifestyle, infrastructure development, tax incentives, investment opportunities, sustainability in real estate, strategic location, high-yield properties

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