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Video Testimonials

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A daily dose of news and trends about the Greek economy & highlights of business and investment opportunities. #Greece #Greek #invest #GreekEconomy

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25 Nov 1596084317804953600

Greece’s Organisation for Economic Co-operation and Development (OECD) anticipates that Greece will end 2022 with 6.7% growth 📈, and estimates that recent efforts by the government will help to recover the country’s investment grade. In particular, the tourism sector’s recovery

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24 Nov 1595726112587501568

In another major boost for Greece’s infrastructure, 2 railway projects 🚃 amounting to over €200 million are getting underway, signaling the development of key infrastructure upgrades to the country’s railway network. One of these projects is the Rhododafni - Rio project,

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23 Nov 1595369385950076928

Greek start-up Blueground has had an excellent year, raising $180 million 💶 with $140 million from financing via a share capital increase from investment companies including WestCap, Geolo Capital, Prime Ventures and the Greek fund VentureFriends. The company has a presence

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22 Nov 1594981978679508994

Greece’s cosmetics 💄 exports are set to break records, possibly reaching €500 million by the end of the year! According to data from ELSTAT, processed by the organization Enterprise Greece, Cyprus, the U.K., and France are believed to be key destinations in the coming 5 years.

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21 Nov 1594637582008303616

Changes are on the way for Mykonos’ tourism industry 🏝️! The Greek state has announced plans to subsidise the creation of a 192-bed hotel developed by AGC Equity Partners, providing €6.6 million in the form of tax exemptions. The total amount of this project lands

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Greece’s Organisation for Economic Co-operation

Greece’s Organisation for Economic Co-operation and Development (OECD) anticipates that Greece will end 2022 with 6.7% growth 📈, and estimates that recent efforts by the government will help to recover the country’s investment grade. In particular, the tourism sector’s recovery has been notable. To address fiscal pressures in the coming years, Greece is looking to support vulnerable groups and further develop renewable energy sources. These efforts will also help Greece attain its long-term goals in reducing carbon emissions and reducing high-level energy poverty.

#greece #greeceinvestorguide #investingreece

In another major boost for Greece’s infrastructu

In another major boost for Greece’s infrastructure, 2 railway projects 🚃 amounting to over €200 million are getting underway, signaling the development of key infrastructure upgrades to the country’s railway network. One of these projects is the Rhododafni - Rio project, which involves the construction of 28.8 km of double railway infrastructure, 3 railway stations, and electromechanical facilities inside the Panagopoula tunnel. And the second is the upgrade of the electrification system on the new double railway line that connects Kiato with Rododafni. Together, these 2 projects are linked to the completion of the new Piraeus - Athens - Kiato - Patras double railway line network, which forms part of the Piraeus - Thessaloniki - border line, and ultimately connect to the European railway network.

#greece #greeceinvestorguide #infrastructure

Greek start-up @bluegroundhomes has had an excelle

Greek start-up @bluegroundhomes has had an excellent year, raising $180 million 💶 with $140 million from financing via a share capital increase from investment companies including WestCap, Geolo Capital, Prime Ventures and the Greek fund VentureFriends. The company has a presence in Europe, the U.S., the Middle East, and North America, and now, they are looking towards further expansion. Blueground will take a step into the Latin American market by launching in Mexico at the beginning of 2023, via the acquisition of Brazilian company Tabas. This now puts Blueground close to the goal of a portfolio of 40,000 apartments in 50 cities worldwide by 2025. The transaction is expected to be completed within Q1 of 2023, operating independently for the foreseeable future, with Tabas being gradually integrated into Blueground over the next year. Following this acquisition, Blueground’s revenue is expected to increase to $650 million in 2023, and exceed $310 million by the end of 2022.

#greece #greeceinvestorguide #greekstartups #startups

Greece’s cosmetics 💄 exports are set to break

Greece’s cosmetics 💄 exports are set to break records, possibly reaching €500 million by the end of the year! According to data from ELSTAT, processed by the organization @enterprise.greece, Cyprus, the U.K., and France are believed to be key destinations in the coming 5 years. Data also indicates that from January - September 2022, the total value of exports reached €493.2 million, marking a 27% increase through this year. Perfume products are the top category, followed by soaps and cleaning products.

#greece #greeceinvestorguide #exports

Changes are on the way for Mykonos’ tourism indu

Changes are on the way for Mykonos’ tourism industry 🏝️! The Greek state has announced plans to subsidise the creation of a 192-bed hotel developed by AGC Equity Partners, providing €6.6 million in the form of tax exemptions. The total amount of this project lands at €33 million. The Interministerial Committee of Strategic Investments also approved another investment of €61 million from the Mitsis Hotel Group.

#greece #greeceinvestorguide #investingreece

Greece’s future is looking bright. When Greek Pr

Greece’s future is looking bright. When Greek Prime Minister @kyriakos_ attended a meeting for AXIA Ventures Group in Athens this week, he highlighted the country’s many great investment opportunities in the next year. The Prime Minister stated, “It's crystal clear that Greece has turned the page and that Greece in 2022, heading for 2023, cannot be compared to Greece under the crisis.” At the same time, he indicated that the country is stable even as the continent faces incredible challenges.

#greece #greeceinvestorguide #investingreece

New incentives are on the way for aquaculture 🐟

New incentives are on the way for aquaculture 🐟 in Greece! The General Secretariat of Agricultural Policy and International Relations has announced that applications are open for a subsidy programme meant to strengthen the country’s aquaculture, backed by the Recovery and Resilience Fund from 2022-2025. The total budget for the project is €34,440,000, and the goal is to improve the productivity of small- and medium-sized businesses active in the production, processing, or marketing of fishery and aquaculture products. Actions covered under the programme include the modernisation of facilities and infrastructure, investments in green technology and infrastructure, and research and innovation.

#greece #greeceinvestorguide #fishing #aquaculture

3 Greek universities 🎓 are using technology to

3 Greek universities 🎓 are using technology to address diabetes in innovative ways. The University of Western Attica, the Informatics Department of the University of Ioannina, and the Diabetes Center of the "Attikon" Hospital are collaborating to develop a new application that will inform diabetics about sugar content and calories. The application will process a photo of a meal, using nutritional information of the dish to inform the user how much insulin they need to use to avoid raising blood sugar levels. In addition to this important technology, studies are helping to develop smart drugs for weight loss, stem cell technology, and even finding ways to use comparisons to nature to determine genetic causes of diabetes.

#greece #greeceinvestorguide #startupwednesday #greekstartups

Greek banks 🏦 continue to prove their resilienc

Greek banks 🏦 continue to prove their resilience, even in the face of growing challenges in the global economy. Last week, Moody’s upgraded their confidence in Greece, followed by S&P, who emphasised that Greek banks are the only ones in Europe that are receiving positive prospects at the moment. While Greece’s economic growth is anticipated to slow to 1.8% in 2023, it will still remain significantly higher than that of the rest of the EU, as a significant reduction on NPEs has made Greek banks better prepared to face new headwinds and challenges. And in another vote of confidence, J.P. Morgan has announced that it plans to open a new office in Athens, a move that will support ongoing organic growth of the bank’s business within Greece.

#greece #greeceinvestorguide #investingreece #banks

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