News

Residence permits for...

Residence permits for Investors in Greece

  • 14.01.2020

Greece enacted the potential for the provision of residence permit regarding alien investors for the first time in 2014 by the voting of the Immigration and Social integration Code (L. 4251/2014 G.G. A 80). Initially, the specified privilege was endorsed to “strategic investors” and real estate property investors whereas upon the relevant amendment (L. 4605/2019) it has expanded to a broad circle of investors of financial and stock exchange products.

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Fraport Greece plans to...

Fraport Greece plans to modernize Macedonia airport

  • 13.01.2020

Fraport Greece is considering additional investments at the Macedonian airport in Thessaloniki. They are optional and represent a personal initiative of the management company. The German-Greek consortium, led by 14 regional airports, has completed most of the initial investment program of € 450 million.

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Constructing is becoming more...

Constructing is becoming more active in Attica

  • 08.01.2020

Developers have stepped up their activities in the Greek construction market in Attica, therefore, the regulatory authorities began to issue significantly more licenses for the construction of residential facilities.

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Cyprus promptly expands...

Cyprus promptly expands international flights

  • 03.01.2020

The Cyprus Ministry of Transport was able to quickly reach bilateral agreements to expand international communications with 8 states. According to the Ministry, with so many countries, Cyprus for the first time successfully and fairly quickly agreed. It usually takes a long time to sign bilateral air services agreements.

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Christmas and New Year...

Christmas and New Year traditions in Greece

  • 30.12.2019

Christmas and New Year are the most significant and special holidays for the Greeks. They believe that in the new year they will be lucky, and love and happiness will be in excess if you follow the festive traditions.

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Greece will not issue...

Greece will not issue passports to non-EU citizens in...

  • 27.12.2019

Greek Prime Minister Kyriakos Mitsotakis officially announced that the country will not issue citizenship in exchange for investments to citizens of states that are not members of the European Union. The head of the Cabinet made a categorical statement because of the experience of Cyprus in this matter.

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Lamda will spend on Elliniko...

Lamda will spend on Elliniko more than €7 billion

  • 20.12.2019

According to Lamda Development, the Elliniko construction project (the old airport district) located in southern Athens will need €7 billion over the next 25 years. During the first 5 years, €1.5 billion will be allocated.

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By 2030, Cyprus plans to...

By 2030, Cyprus plans to receive up to 5 million tourists a...

  • 18.12.2019

The Association of Travel Agencies of the island calls on the Cypriot government to take steps to transfer the country to the category of premium travel destinations. Also, Acta representatives want Cyprus resorts to be positioned as year-round. According to the association, the changes will allow taking up to 5 million tourists a year, which will lead to a significant increase in the profitability of the tourism sector.

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Athens has been recognized as...

Athens has been recognized as the most popular among...

  • 14.12.2019

The capital of Greece is one of the most popular cities in the world both as a vacation destination and as a starting point for further travel. Tourists fly to Athens for a few days, then got closer to the sea. Short stays in the city contribute to the rapid demand for real estate in Athens, which is rented out for short-term rent.

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€15 million to be invested in...

€15 million to be invested in new Greek tourism enterprises

  • 12.12.2019

As part of the ΕΠΑνΕΚ operating program, it is planned to additionally allocate €15 million to support new tourism enterprises. This decision was made by the Ministry of Development and Investments.

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The 11th festival of honey and...

The 11th festival of honey and beekeeping products opens in...

  • 11.12.2019

The 11th festival of honey and beekeeping products will open its doors to visitors at the Peace and Friendship Stadium in the southern suburbs of Athens Faliro. Visitors will have the opportunity to try rare varieties of honey from all over Greece, which small producers will present for the first time at the event.

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Cyprus signed a gas production...

Cyprus signed a gas production agreement

  • 10.12.2019

Cypriot authorities have signed an agreement to develop the Aphrodite gas field. Permission granted for 25 years. The consortium includes the US oil and gas company Noble Energy Inc., the British-Dutch association Shell and the Israeli conglomerate Delek – one of the largest companies in the country.

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Energy-saving traffic lights...

Energy-saving traffic lights will appear in Nicosia

  • 09.12.2019

The Cypriot authorities decided to make a large-scale replacement of traffic lights. Old models will be replaced with new ones with high energy-saving characteristics. By May 2020, 105 traffic lights will be installed in Nicosia.

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Tourism in Greece breaks...

Tourism in Greece breaks revenue records

  • 06.12.2019

The Bank of Greece summed up the results of the first nine months of 2019, according to the results of which it became clear that the tourism sector is the leader in terms of profitability. Revenues from it amounted to more than € 16 billion. If in 2018 this amount was reached in 12 months, then in 2019 – only 9. This means that the travel sector is developing, and Greece is becoming more attractive to tourists from all over the world.

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How and where to celebrate...

How and where to celebrate Christmas in Greece

  • 05.12.2019

If you enjoy winter sports, and you have not yet decided where to celebrate Christmas, we recommend that you pay attention to the Greek ski resorts. They are already open and attract a quality ski track and magnificent surrounding landscapes. The best choice for the holidays of Christmas and New Year is the snowy expanses of Greek ski resorts.

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