Greece is a country that is hospitable for investments, Tourism Minister Vassilis Kikilias said in a message to the international investment community on Wednesday.
Kikilias was addressing the Greek-Israeli investment forum in Corinth, in the new Brown hotel, which began on Wednesday.
Speaking to the Athens-Macedonian News Agency (ANA), Kikilias stressed that Greece enjoys good relations with Israel, with tourism as the spearhead of this relationship. After all, he explained, Israeli investors are constantly investing in Greece and the new hotel in Corinth proves it.
Asked what the new investment means for the tourism industry, Kikilias referred to the fact that Israelis invest in destinations that are not already well established and popular, but lesser-known new destinations such as Lavrio, Evia, Loutraki and Agioi Theodoroi (Corinth), thus upgrading the hotel portfolio of the country.
“It is the result of the ministry’s efforts, so that all regions of Greece receive a dividend from tourism,” Kikilias underlined.
Earlier, the co-founder of Brown Hotel, Leon Avigad, pointed out that this investment was implemented with the help of the Greek state, focusing on taxation. He also referred to the group’s policy, which is related to the vision to invest in destinations that do not have great tourism development.
Latest News
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%
Piraeus Bank to Propose First Dividend in 16 Years
Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year