Greece announced a new initiative called “Nature Greece”, backed by €100 million from the Recovery Fund, at the 4th OT Forum by Oikonomikos Tachydromos.
The project is spearheaded by Greece’s Natural Environment and Climate Change Organization (NECCA) and aims to protect and promote the country’s 446 Natura 2000-designated areas.
These protected regions cover 30% of Greece’s land and 20% of its marine territory. According to NECCA President, Dr. Maria Papadopoulou, the goal is to balance environmental protection with human activity, adding value to local products and supporting sustainable development.
Key investments include €37 million for developing hiking trails—170 proposals have already been submitted by municipalities—and €36 million for monitoring ecosystems using advanced tools like drones, vehicles, and boats.
The economic potential is significant, according to Dr. Faye Makantasi of diaNEOsis, who highlighted the organization’s research, which shows that a sustainable utilization of 40% of these areas could generate €2 billion annually and create 15,000 jobs.
Tourism will play a vital role, as strategies are needed to attract environmentally conscious visitors while engaging local communities as stewards of these landscapes. However, Ioli Christopoulou of The Green Tank emphasized the need for clear regulations to ensure effective governance and to attract eco-friendly investments.
Source: tovima.com
Latest News
Energy Giant Chevron Expresses Interest in Drilling in Greece
In line with this effort, the Hellenic Hydrocarbon Resources Management and Energy Resources Company (HEREMA) is submitting the Strategic Environmental Impact Study today
UBS ‘Bullish’ on Greek Banks
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
Cost of Banking in Greece Drops from Monday
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
Greek Tax Bureau Chief Details Efforts to Curb Evasion; Digitalize Administration
Independent revenue authority (AADE) Gov. George Pitsilis addresses OECD summit, cites reduction in lost VAT remittances from almost 30% in 2017 to 13.7% by 2022
Inflation in Greece at 3.7% in December 2023: Eurostat
According to recent data from ELSTAT (Hellenic Statistical Authority), inflation in Greece rate reached 3.5% in December 2023, up from 3% in November.
Winter Sales Season: Stores Open on Sunday in Greece
Most stores will operate between 11:00 AM and 6:00 PM, while shopping malls will stay open until later, from 11:00 AM to 8:00 PM
Greek Primary Surplus of €8.6bln at End of 2024
In previous budget execution reports, in October, a net amount of €3.241bln was collected from the new Concession Agreement for Attiki Odos
Fraport Greece Posts Record Numbers in 2024
In December 2024, the 14 airports posted impressive numbers in passenger traffic, welcoming a total of 805,056 visitors
Greek Economic Sentiment Steady in Dec 2024
The trade deficit amounted to 4.6 billion euros, up by 340 million euros from the same period last year.
UBS Positive Outlook on Greece, Sees Moody’s Upgrade
Moody's remains the only one of the three major credit rating agencies that still rates Greece at Ba1, one notch below investment grade