Investors who spend at least 250,000 on property will not only get residence permits but passports too
By Dimitra Manifava
Non-EU citizens who invest in real estate in Greece will soon have the option of taking Greek citizenship if they spend at least 250,000 euros on property acquisitions, a senior Interior Ministry official announced on Wednesday.
Read more: Buy big house, become a citizen
International travelers coming to Greece were up by 15.6 percent compared to 2013, according to a report released by the Hellenic Statistical Authority, ELSTAT, on Thursday. The report referred to a Frontier Statistical Survey conducted by The Bank of Greece in the January-June 2014 period.
Read more: Arrivals show increase in January-June 2014 period
By Dimitra Manifava
A government committee on Monday gave the green light for 12 energy projects with a total budget of 11.5 billion euros to be licensed through the fast-track process.
Meeting under Development Minister Costis Hatzidakis, the Ministerial Committee for Strategic Investments decided to fast-track investments expected to create a total of 17,000 jobs while helping Greece to enhance the security of its energy supply and eventually see it evolving into an energy hub.
Read more: Twelve energy projects to be fast-tracked
By Dimitra Manifava
The Greek economy appears to be entering a phase of stabilization as the Economic Sentiment Index and the Consumer Confidence Index compiled by the Foundation for Economic and Industrial research (IOBE) showed a new six-year and four-year high respectively last month.
Read more: Economic sentiment, consumer confidence on the rise
Bank of America Corporation’s Merrill Lynch unit said in a report issued on Tuesday that the recent decline in share prices at the Greek bourse offers value as Greek banking recovers and that there is no prospect for an early general election before March 2015, when the Parliament’s likely inability to elect a new president to replace Karolos Papoulias will lead to a parliamentary poll.
Read more: Merrill Lynch sees value in Greek bank chips
Panos T. Xenokostas, President & CEO, ONEX GROUP, discusses the rise of ONEX S.A. in the Greek and international aviation market, ONEX in the United States, and how the Greek economy can be transformed.
Please tell us briefly about ONEX.
ONEX was founded in Greece in 2004 aiming to supply complex technological solutions in Aviation Support, Information and Telecommunications Technology and Enterprise support. “Born” during the economic slowdown after the Athens 2004 Olympic Games and “raised” through the hardships culminating in the current breakdown of the Greek economy, ONEX managed to develop a set of invaluable qualities, such as adjustability, flexibility and a realistic outlook on the global picture.
Read more: Investing for Tomorrow in the Hellenic Aviation Industry
A strategy being drafted by the Development Ministry to promote innovative entrepreneurship includes joint investments by the New Economy Development Fund (TANEO) with business holdings funds, as well as tax incentives to attract foreign investments to newborn enterprises.
Read more: Promoting innovative entrepreneurship
