Cyprus selected as the venue for the International Emmy...

The International Emmy Awards semifinal this year will be held in Cyprus. As part of the competition, two qualifying rounds will be held, as a result of which the finalists will be announced. The winners themselves will be announced on November 23 during a gala dinner to be held in New York.

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New strategy and renovation of Greek ports

In 2020, tenders will be held in Greece among the managers of shipping companies. According to their results, the leadership of a dozen regional ports will be determined. The Minister of Shipping, Yannis Plakiotakis, shared these plans at a meeting with representatives of the association of cruise ship owners.

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Expanding exports of Greek products

According to Enterprise Greece, Greek producers of natural and organic products are penetrating foreign markets amid increased demand for organic goods. Creams from famous from ancient times Cretan herbs, skin balms, natural wine, cheeses, olive oil, and fruits are very popular with foreign buyers.

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The new owner of the island of Scorpios will make it an...

The restructuring of the Greek island of Scorpios was planned long ago, but work has just begun. The new owner plans to invest more than €160 million in the project. The scale of the island is quite modest: the land length is not more than 1000 meters, the area is only 0.878 km2.

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EastMed pipeline – energy union of Greece, Israel, and...

The leaders of the Greek, Cypriot and Israeli energy sectors met in Athens to discuss the construction of a gas pipeline. The ministers reached an agreement and signed a document in accordance with which the EastMed pipeline project will be implemented. A gas pipeline with a length of 1900 kilometers will be laid along the bottom of the Mediterranean Sea through the island of Crete.

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Tom Hanks became a citizen of Greece

The head of Greece Prokopis Pavlopoulos signed a document according to which Tom Hanks became a citizen of the country. The famous actor received a passport in the order of naturalization. The fact is that since 1988 he is the spouse of Rita Wilson, who is of Greek origin. The actor’s wife – the actress, singer, and producer, is popular in the United States no less than her famous husband.

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Greece: significant news of December 2019

The Greek economy is recovering faster than expected. In the 3rd quarter, its growth was 2.3%, according to the latest data from the Greek Statistical Office. This is facilitated by an increase in tourist flow, an increase in consumer spending and investment. According to government forecasts, the economy should show a growth of 2% next year.

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Residence permits for Investors in Greece

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 modernize Macedonia airport

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 active in Attica

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 international flights

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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