Calamos Supports Greece

Hellinikon

Greece's Opposition Leader Pledges to Unblock Huge Investment Projects

Greece's opposition leader Kyriakos Mitsotakis pledged to issue permits for the mining project in Skouries, northern Greece, in his very first month in office and push for the development of the site of the former Athens Airport of Hellinikon. In...

Elliniko Project Hits New Snag as Residents Lodge Appeal

The long-delayed development of the old Athens airport in Elliniko has hit another snag as hundreds of residents launch a legal challenge. The Council of State, Greece's highest administrative court, will now have to revisit the case a few months after it gave...

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...

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...

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...

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...

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...

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...

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...

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...