A Singapore-based robotics company Alicia Bots has opened a new Production and Service Center in Athens, Greece. The company has inaugurated a new production facility in Koropi, employing five local staff members. Alicia Bots sources 80% of its components from Greek suppliers and has sold 82 robots globally, with 40% of its clientele based in Greece and Europe.

In 2024, Greek startups raised a total of € 554 million in capital, with over 70% coming from foreign investors. US investors contributed 36%; European investors contributed 24%; and British investors accounted for 6% of total funding. Greek investors made up 25% of the total investment.  

The European Investment Fund (EIF) has committed € 20 million to the Marathon Venture Capital Mutual Fund III, a move aimed at strengthening Greece’s growing technology startup scene. The investment is part of the European Union’s InvestEU programme and is supported by Greece’s Recovery and Resilience Facility.

Recent data from Foundation and Elevate Greece indicate that in 2023, 70 Greek startups received a total of € 485 million in funding, with G

Connectly, a San Francisco based company, specializing in AI-powered conversational commerce has secured a $ 20 million in Series B...

California-based Cadence Design Systems (CDNS.O) will acquire BETA CAE Systems International AG for $ 1.24 billion. The acquisition is...

The minimum wage in Greece is set to increase from a net wage of € 666.85 per month to € 705 per month in April 2024. If social security...

Greece’s shipping fleet ranks first in the world in terms of deadweight tonnes (dwt) and third by vessel value, according to recent...

According to press reports, the Titania Hotel was sold by London & Regional Properties to H Hotels for € 74 million. This comes only four...

Greece achieved its highest-ever level of renewable energy production in 2023. Energy produced from wind, solar and hydroelectric sources...

The Greek Government approved an initial public offering (IPO) to sell a 30% share in the operating company of Athens International...

Found.ation is a Greek innovation management consulting firm and business incubator. Together with EIT Digital, Found.ation released the...

The Hellenic Republic Assets Development Fund (HRADF) sold a 66% stake in DESFA, the Greek Gas Transmission system operator. The buyers...

More evidence that Greece’s tourism sector and wider economy are recovering after the 2020-2021 COVID Pandemic came with the announcement...

Grimaldi Euromed and Minoan Lines were chosen by the Hellenic Republic Asset Development Fund (HRADF) to acquire a 67% share in the...

Dun & Bradstreet (DBRS Morningstar) upgraded the Hellenic Republic’s Long-Term Foreign and Local Currency – Issuer Ratings from BB (high)...

Navigator Consulting attended the 2023 European Business Angels Network (EBAN) Annual Congress in Thessaloniki Greece on May 24-26, 2023....

The IDEA Hospitality Investment Forum is being held for the first time in Greece, and features an expanded area of investment interest....

Press reports have announced that Singapore’s sovereign wealth fund GIC is investing in the Sani / Ikos Group as a majority shareholder....

The Deputy Minister of Development and Investments, Mr. Christos Dimas, announced the foundation of two new research institutes in Greece...