Hellinikon
Economy
Reconstruction of 'Athens Riviera' on Track
The reconstruction of the wider Athens coastal front, or "Athens Riviera", is on track based on four pillars that will transform the area into a luxury seaside front.
According to Insider.gr, the reconstructed coastal front will host several international luxury...
Business
Caesars Entertainment ‘Among Bidders’ for Elliniko Casino in Greece
US giant Caesars Entertainment is reportedly interested in bidding for a casino license at Elliniko, the site of the former Athens airport, as the Greek government is preparing to launch a tender.
A Finance Ministry official told Reuters that an...
Economy
Council of State Gives 'Green Light' for Ellinikon Development Project (video)
The Council of State gave the approval for the beginning of works to make the former Athens airport site at Hellinikon into a multi-purpose complex that will include hotels, luxury apartments, amusement parks and a casino.
Greece's highest administrative court...
Greece
Former Athens Airport Turned into a Plane Graveyard (video)
The Athens former airport, Hellinikon, has become a graveyard for many abandoned Olympic Airways planes.
As the airport awaits redevelopment, these spectacular images captured by a drone video remind viewers of the glory days when the airline founded by Greek...
Economy
Gov't Signs Decree Opening Way to Development of Hellinikon
The presidential decree giving the go-ahead to the development of Hellinikon south of Athens, was signed by the relevant ministers on Friday, in the presence of Prime Minister Alexis Tsipras.
The decree will need to be reviewed by the Council...
Economy
Lamda Development: Political Will Needed for Hellinikon Investment
Lamda Development CEO, Odysseas Athanassiou, said Thursday that the Greek government should demonstrate a political will for the huge investment at the former Hellinikon airport site, to proceed.
In an interview with Action 24, Athanassiou stressed the company's readiness to...
Business
Bloomberg: Greece Puts 11 Billion Euro Investments at Risk
Two of Greece’s biggest projects -- together valued at about 11 billion euros -- have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments, says a report in Bloomberg.
The report focuses on two...
Economy
EU Official: Hellinikon Investment a "Symbol of Mismanagement and Delay"
The Hellinikon investment project is a "symbol of mismanagement and delay," said a European Commission official on Thursday, according to a Kathimerini newspaper report.
The EU official briefed journalists before Monday's meeting of eurozone finance ministers in Brussels. Even though...
Greece
Archaeological Council Decision on Hellinikon Met with Mixed Reactions by Gov't and Investors
Hellinikon S.A. investors are examining the decision of the Central Archaeological Council to declare about 280 acres - out of 6,200 - of the former Athens airport at Hellinikon as an archaeological site, with caution.
According to a report in...
Business
280 Acres of Greece's Hellinikon Ruled Archaeological Site
Greece’s Central Archaeological Council (KAS) has ruled that a large part of Hellinikon airport area is a site of archaeological interest, and therefore it cannot be developed.
During a lengthy meeting of KAS, members voted overwhelmingly by 15 votes to...