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Automobile Giant to Build Electric Cars in Greece

The automaker Next.e.GO signed a contract with Greek investment company Enterprise Greece on Wednesday expressing its intent to invest 100 million euros into an electric car factory in the country. Next.e.GO will create a full range of environmentally friendly battery-operated...

Capital Link’s Hong Kong Maritime Forum Focuses on Global Trade, Pandemic Issues

The second annual Hong Kong Maritime Forum, titled “Hong Kong - Global Industry & Thought Leadership: Building on Tradition & Innovation” took place on December 1, bringing business leaders together to address the pressing trade issues of our times. Held for...

Greece Receives Boosted Credit Rating from Moody's

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating went from a B1 to a B3, signaling the possibility of economic recovery in the...

Massive Volkswagen Investment Seen as Vote of Confidence in Greece

Greek PM Kyriakos Mitsotakis hailed on Wednesday the ambitious investment by German automaker to the island of Astypalaia a "vote of confidence in Greece." Volkswagen, in cooperation with Greece, announced it will launch an innovative project to bring climate-neutral mobility...

Microsoft Announces Massive Billion-Dollar Investment in Greece

Microsoft President Brad Smith announced a large investment in Greece on Monday, which is expected to reach one billion euros ($1.17 billion) and -- as he noted -- shows the company's confidence in the Greek economy. As part of the...

Microsoft Reportedly Plans Massive €1 Billion Investment in Greece

Microsoft is expected to announce on Monday a massive €1bn ($1.17bn) investment in Greece for the establishment of its new activities in Europe, including cloud services, Greek media report. The announcement will be made during an event at the Acropolis...

Major Tourist Development Project to Begin on Corfu

The U.S. investment group NCH Capital has just been given clearance to begin the "Kassiopi Project," a 120 million-euro ($134 million) venture to construct a five-star tourist resort on the east coast of the Greek island of Corfu (Kerkyra). Having...

European Investment Bank Offers €200M to Support Infrastructure in Evros, North Aegean

The European Investment Bank will offer 200 million euros to Greece for the support of infrastructure works due to the recent migration-related developments on the islands of the northeastern Aegean and in Evros, it was made public on Friday. Greek...

Volkswagen Mulls Major Electro-Mobility Investment on Thassos Island

Costas Fragogiannis, Greece's Deputy Minister of Foreign Affairs, who is also responsible for the country's economic diplomacy, visited the northern Greek island of Thassos on Wednesday along with a large delegation from the German automaker Volkswagen. The two groups traveled...