investment
Business
Dramatic Rise of Foreign Investments in Greece
Greece marked an impressive increase of 74.3 percent in foreign direct investment (FDI) in 2021, according to Enterprise Greece
Business
Retail Giant Carrefour Returns to Greece After 10-Year Absence
French retail giant Carrefour announced on Tuesday its return to Greece after 10 years -- this time with a different partner and targeting small retailing through collaboration with local chains.
Carrefour, headquartered in Massy, France, is the eighth-largest retailer in...
Business
Deutsche Telekom, OTE to Invest Over 3 Billion Euros in Greece
Deutsche Telekom and the Hellenic Telecommunications Organization (OTE) announced on Wednesday their intention to invest more than 3 billion euros ($3.4 billion) in Greece from 2022 to 2027.
The decision, which is one of the largest investments ever made by...
Business
John Paulson: Cryptocurrency Will “Eventually Prove to be Worthless”
John Paulson, a billionaire who made his money investing in hedge funds and who predicted the huge housing crash in 2008, says all cryptocurrency, like bitcoin, is inherently "worthless" and "will go to zero."
The investor, who was one of...
Business
“All Foreign Investors Have Made Money in Greece,” Greek Development Minister Vows
Foreign investors will not lose time and money investing in Greece, Minister for Development, Adonis Georgiadis told Greek Reporter.
Business
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...
Business
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...
Business
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...
Energy
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...
Business
“Brain Gain Momentum Builds Up In Greece”
Greece is seeing its brain drain reversed into a "brain gain," a new trend triggered by the pandemic crisis and colossal investments.