A landmark partnership between the Greek Ministry of Education and the Onassis Foundation will establish 22 new public schools, aiming to transform education in disadvantaged communities and provide over 6,000 students with cutting-edge learning opportunities.
Tag: investment
Greek-based energy and metals group Metlen is set to invest 295.5 million euros in expanding its alumina production, with plans to extract the critical mineral gallium by 2027. This expansion comes in response to China's tightened export restrictions on gallium, a key component in semiconductors, allowing Europe to reduce its reliance on imports.
METLEN Energy & Metals has announced a €295.5 million investment to develop an integrated production line for bauxite, alumina, and gallium in Agios Nikolaos, Greece. The project aims to increase Europe's self-sufficiency in critical raw materials, with a production capacity of 2 million tons of bauxite, 1.265 million tons of alumina, and 50 metric tons of gallium annually. This investment will enhance Europe's strategic autonomy, reduce dependence on China, and support industries from energy transition to defense. Production is expected to begin in 2026, with full capacity achieved by 2028.
Greek Prime Minister Kyriakos Mitsotakis has called on European Commission President Ursula von der Leyen to reconsider climate measures, emphasizing the need for investment in gas infrastructure and the reduction of emission regulation impacts. He suggests that EU countries should have the flexibility to set their own climate targets, highlighting concerns over high energy prices and the continued reliance on gas in the coming decades.
The official visit of Kyriakos Mitsotakis to Alula, Saudi Arabia, and his meeting with the Crown Prince of Saudi Arabia, Mohammed bin Salman, signify the further strengthening and upgrading of the strategic relations between Greece and Saudi Arabia - in a context of reshaping the geopolitical landscape in the Middle East and international turmoil - and the role of Greece as a bridge, in trade, investment, energy, between Asia and the Middle East with Europe.
Greek Prime Minister Kyriakos Mitsotakis will visit AlUla, Saudi Arabia, to participate in the first Greece-Saudi Arabia High-Level Strategic Cooperation Council. This historic meeting aims to deepen bilateral ties, enhance cooperation in trade, energy, and investment, and solidify Greece’s role as a vital link between Europe, the Middle East, and Asia.
Cyprus plans to address all necessary technical requirements to join the Schengen area by 2025, as stated by President Nikos Christodoulides. The move is expected to boost tourism and investment, with significant efforts underway to enhance the country's appeal as a prime tourist destination.
JP Morgan has filed two new lawsuits against Viva Wallet and its majority owner, Werealize, escalating a dispute over the valuation of the Greek fintech company.
The iconic Athenian owl, replicated from the ancient tetradrachm, has taken flight in the collecting world. Certain Greek one-euro coins featuring this design, particularly those with a Finnish "S" mint mark, are soaring in value, fetching prices far exceeding their face value.
Starting from the new year, Italy will introduce a novel 7-euro coin, valued at 7.50 euros. This limited edition coin, with a circulation of only 25,000 pieces, is expected to appeal to collectors and potentially serve as a valuable investment due to its unique cultural significance and rarity.
Greece has extended the deadline for Golden Visa property purchases to February 2025, giving investors more time to complete contracts under the previous investment thresholds. This move offers flexibility amidst recent program changes aimed at addressing the country's housing crisis.
Flying taxis are coming to Greece. Orama Ventures LLC plans to launch a national network of eVTOL (electric vertical takeoff and landing) aircraft, starting with Vertiports in Athens and Thessaloniki, expanding to over 100 smaller stations across the country. The project aims to revolutionize transportation, connecting major gateways like Athens International Airport with city centers and popular destinations, and is expected to launch in 2026.
Greek Prime Minister Kyriakos Mitsotakis' recently announced banking reforms will take effect in mid-January, Finance Minister Kostis Hatzidakis confirmed. The measures, aimed at reducing costs and improving transparency, include zero charges for basic banking transactions, capped wire transfer fees, and incentives to release unused properties into the housing market. Additional initiatives include €200 million in funding for school renovations and a real estate acquisition body, as well as expanded transaction limits through the IRIS payment system. These reforms are part of the government’s broader efforts to reshape Greece's banking and financial landscape.
The Airbnb market in central Athens is undergoing a dramatic shift as professional companies take the reins, managing the majority of short-term rental properties. New government regulations are also adding challenges for property owners, potentially reshaping investment strategies and market dynamics in the city.
Amazon has announced a significant investment in three new wind farms in Greece, marking its largest renewable energy deal in the country to date. This move aligns with Amazon's commitment to achieving net-zero carbon and supports Greece's goal of transitioning to a more sustainable energy future.
The Greek economy is set to grow by over 2% annually through 2026, fueled by EU funds and employment gains, according to an OECD report. While highlighting Greece's recovery from its debt crisis, the OECD urged further reforms to enhance investment, competitiveness, and tax policy. Prime Minister Kyriakos Mitsotakis emphasised the nation’s progress in job creation and rising wages, while pledging continued reforms under Greece’s stable government.
Giannis Antetokounmpo and his family have partnered with Premia Properties to acquire the Village Shopping & More center in Athens for €14.1 million. The family plans to transform the site into a state-of-the-art sports and entertainment hub, highlighting their deep personal connection to the area where they grew up
TEMES S.A., developer of Costa Navarino, reported increased 2023 revenues driven by double-digit growth in hospitality and strong luxury home sales. The company, partnered with the Olayan Group, is also investing heavily in the renovation of the former Hilton Athens and expanding its wine production with a new winery at Costa Navarino.
Greece, Cyprus, and Jordan have strengthened ties on energy, civil Protection and connectivity after signing…
Greece is advancing its ambitions to become a regional technology and artificial intelligence hub with the construction of new data centers by Data4. These facilities will bolster Greece's digital infrastructure and are expected to create significant economic opportunities. Prime Minister Kyriakos Mitsotakis expressed government support for this transformative investment, emphasizing its potential to reshape Greece's global image and employ skilled workers.