The recent real estate boom in Athens, precipitated by the thousands of Chinese citizens visiting Athens seeking out a bargain on property, was the focus of an extensive report published recently by Reuters. As reported by the wire service, Chinese investors are seeking out houses and apartments worth more than €250,000 ($285,000).
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Athens airport has become a model for more than a dozen other airports in the world. Recall that in April last year, the Greek authorities decided to transfer to operation the company Fraport (Germany) 14 mainland and island airports. This contract will be valid for 40 years – until 2057.
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Clocks in Greece will go back an hour on Sunday at 4 am, marking the start of standard time and signifying what might be the last time the time adjustment is implemented.
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The importance of sea tourism for Greece’s economy was once again affirmed, in data released by the Institute of the Greek Tourism Confederation (INSETE). According to these figures, sea tourism, including sea cruises, yachting, and shipping, accounted for approximately 3.5 percent of Greece’s GDP in recent years.
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Thessaloniki is the second most important city in Greece. More and more people are choosing Thessaloniki as their permanent residence, since the scenic landscapes combined here with a developed infrastructure and a mild climate.
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Greek nationals have been permanently exempted from the obligation to obtain travel documents (a visa) before traveling to the United States, according to a letter sent by U.S. authorities to Greece’s Minister of Citizen Protection Olga Gerovassili.
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Despite the economic crisis, Greece has been and remains one of the most tourist attractive locations. Every year, millions of tourists from all over the world come to the mainland and islands to relax, to get acquainted with architecture or to buy real estate. It is on this category of buyers, i.e. international economic elite, local developers are aimed. And all of them, as one, predict the growth of sales of a corporate real estate, which is called the best world brands.
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Piraeus Bank, Greece’s biggest lender, has announced it will finance the development of the Thriassio Transit Center, which will help increase freight transport by rail and promote Greece as a major freight hub in the trans-European transport network.
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In the Eurostat list, Cyprus ranks second (781.651 kg), second only to Malta (526.611 kg). Among the twenty European countries, Spain was the largest buyer (76.960.641 kg), followed by Italy, Germany, and France.
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We all known that Greeks love to eat…and whats more, they love to cook!
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U.S. investment company BlackRock has decided to freeze a plan to build a mall complex in western Athens after 11 years of battling Greek bureaucracy, because of the risky economic situation in Greece, Kathimerini news website reports.
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The project of building a luxury resort in a 490-acres plot in Erimitis, in the Kassiopi area of Corfu, will kick off in 2019, seven years after the agreement with the Greek State and after 11 appeals.
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Total investments of at least 550 million euros in various types of commercial properties are in the pipeline, as real estate is rediscovering its growth momentum after almost 10 years during which very few new buildings were constructed, while occupants had already been secured for most of them in advance anyway.
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In Limassol, very soon it will become even more comfortable to use the services of urban transport: buses will equip information boards, and the old stops will be replaced by innovative ones - intellectual ones.
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Visiting Elafonisos in Greece is an unforgettable experience because of the natural raw beauty this small island has to offer.
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