Greece
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Hellenikon

Lamda Development Sees New Obstacles in Hellenikon Investment

Greek property developer Lamda said on Friday that new obstacles had appeared in its plans to develop the vacant Hellenikon airport site; one of the largest projects on the country's privatization agenda. Lamda Development is referring to the Culture ministry declaring a...

EU Commission Reminds Gov't the Hellenikon Investment is a Memorandum Precondition

The European Commission is not yet fully briefed about the recent Archaeological Council decision concerning the Hellenikon investment status, but reminds the government that the project is an MOU agreed-upon precondition. The Commission will examine the decision reached by Greece's...

Report: Tourism Investment in Greece Runs into Trouble

A report by Reuters follows the route of tourism-related investments in Greece and reveals major delay and other bureaucratic issues preventing foreign and domestic investors from doing business in Greece. For frustrated developers, the suspicion is that Greece is biting...

Greece Targets 6 Billion Euros in Privatizations Revenues by 2018

The head of Greek privatizations agency (HRADF) said the country aims to receive total revenues of 6 billion Euros from privatizations by 2018. According to HRADF's chairwoman Lila Tsitsogiannopoulou, the revenues would be 500 million for 2016, 2 billion for...

Greek Lawmakers Approve Hellenikon Deal at Former Airport

The debate on the draft law for the investment in the area of the former airport at Hellenikon started on Wednesday at the parliament plenum and ended with an evening vote in favor of the deal. All parties, with the...

Hellenikon Landmark Deal and Egnatia Highway Toll Gates Tender on the Way

A senior privatization agency official of the Hellenic Republic Assets Development Fund (HRADF) said on Thursday that Greece will launch a tender for the long-term lease of the Egnatia toll road in order to unlock the country's next tranche...

Lamda Development Ready to Begin Landmark Works at Hellenikon

Lamda Development is ready to begin work on its landmark project at Hellenikon. "We are ready to begin the biggest project of joint reconstruction in Europe and one of the biggest worldwide. Bulldozers will be ready to begin works...

Tsipras and Tsakalotos Served Legal Summons Over Hellenikon Deal

A bailiff appeared in Greek Parliament on Thursday to deliver a legal summons to Prime Minister Alexis Tsipras and Finance Minister Euclid Tsakalotos. The action was taken by leftist war hero Manolis Glezos, NGL/GUE MEP Nikos Hountis, former deputy...

Greek-Chinese Group Ups Hellenikon Bid

Greece's gamble that the only bidder for the abandoned and neglected former Hellenikon Airport site on Athens' coast wouldn't walk away after the government insisted on a higher bid has paid off. The country's state privatization agency said that Lamda...

The Great Hellenikon Park Sell-Out

The most valuable piece of real estate in the world is New York’s Central Park – precisely because it is a park in the heart of the capital of the world and would be worth an uncountable amount of...