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Amazon Creating ''CloudFront Edge'' Site in Athens, Greece

Greek Minister of Digital Governance Kyriakos Pierrakakis met with senior executives from Amazon Web Services, a subsidiary of Amazon, on Monday to talk about the company's recent decision to invest in Greece. The talks between the Minister and the representatives...

EU Approves €233 Million Fund to Boost Greece's Ultrafast Broadband

The European Commission on Friday announced that it has approved the funding of an ultrafast broadband project in Greece worth 223 million euros. The monies will come from EU funds, that will provide fast internet access to almost 11 million...

Canadian Customer-Care Firm to Create 600 Jobs in Athens, Greece

The Canadian firm ''24-7 Intouch'' announced recently that it aims to expand its operation in Europe, creating more than 600 jobs in Athens, Greece. The customer care and technology company said in a press release that it will open its...

Greece to Begin Procedures to Privatize Ten Regional Ports

The Greek government has launched the necessary legal procedures for the further commercial development of ten large regional ports in the country, according to an announcement issued on Friday. Finance Minister Christos Staikouras and Shipping and Island Policy Minister Giannis...

Foreign Investment in Real Estate Nearly Doubles in Greece in 2019

According to official data published recently by the Bank of Greece, foreign investment in Greek real estate grew by a stunning 94.6 percent during the first half of 2019, compared to the same period last year. Between January and June...

The Hellinikon Project: Greece's Modern Tale of Agony and Ambition

The Hellinikon project has become synonymous with everything that Greece desires to achieve; however, at the same time, it perfectly highlights modern Greece's deep-rooted problems which prevent the country from beginning a new chapter in its long history. One of...

Piraeus Bank Joins Multi-Million-Euro Investment Program for Greek Infrastructure

Piraeus Bank, Greece's biggest lender, announced on Wednesday that it will support a new 650-million-euro ($716 million) infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank. Piraeus Bank will initially use 32...

US Ambassador Pyatt Calls Greece ''The Guardian of European Energy Security''

Speaking on Friday at the Southeast Europe Energy Forum 2019, currently taking place in Thessaloniki, the American Ambassador to Greece Geoffrey Pyatt said that Greece plays a leading role in the region in regard to energy-related issues. Pyatt expressed the...

Construction Approved for Ultra-Luxury Resort's Marina on Crete

Another major tourism project in Greece will be getting under way in about one year’s time, as the construction of the ultra-luxurious 600-million-euro Elounda Hills project in eastern Crete has taken another step toward becoming a reality. The approval for...

EU Grants €300 Million For Ultra-Fast Broadband of Up to 1Gbps in Greece

The European Commission issued a statement on Wednesday noting that it has authorized the transfer of €300 million to Greece so that the country can invest in developing its ultra-fast broadband internet connections across the country. This huge infusion of...