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Navigator Consulting to Visit Kazakhstan in September
Navigator Consulting & Innovation Partners, the parent company of NavInvest Greece, will participate in a business delegation to...
Aug 221 min read


The Greek shipping sector increased its tonnage by 42% since 2015
Greek shipping industry has achieved a remarkable 42% growth in capacity since 2015. Greek shipowners manage a fleet of 5,691 vessels, representing 20% of global tonnage and over 60% of the European Union’s maritime capacity.
Aug 62 min read


Five companies submit bids for 51% stake in Lavrio Port Authority
Greece’s Growthfund has received five binding offers for the acquisition of a 51% majority stake in Lavrio Port Authority SA, the country’s third-largest port in Attica.
Jun 231 min read


Foreign startup establishes operations in Greece: Alicia Bots opens in Athens
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.
Jun 31 min read


Greek Tech Startups attract € 554 million in investment in 2024.
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.
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May 281 min read


EIF invests € 20 million in Marathon Venture Capital to boost Greek Tech Innovation
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.
May 271 min read


Hydra Rock invests € 475 million in sustainable tourism in Ermionida, Peloponnese
Hydra Rock Real Estate Property S.A. has announced a € 475 million investment to develop a luxury tourist resort in Ermionida, Peloponnese. The project aims to create a complex of tourist accommodation and residential units on a 1,714 acre site, located in the Municipality of Poros in the Attica Region, and a smaller portion in the Metochi area of Ermionida.
Mar 71 min read


Astakos Terminal International Trade & Services S.A. plans € 524 Million marina development
Astakos Terminal International Trade & Services S.A. has unveiled plans for a € 524 million investment to transform the Port of Platygiali in the Astakos area of Aitoloakarnania into a world-class marina catering to mega yachts.
Mar 61 min read


Grivalia Hospitality and Tourism S.A. allocates € 224 million for luxury eco-resort near Evia
Grivalia Hospitality and Tourism S.A. is set to invest € 224 million in developing a luxury eco-resort and upscale holiday homes on Megalonisos, Petalioi, near Evia. The project is currently in the planning stage, and a date for construction is yet to be announced.
Mar 31 min read


Greek National Startup Registry reaches 789 startups
Recent data from Foundation and Elevate Greece indicate that in 2023, 70 Greek startups received a total of € 485 million in funding, with G
Oct 1, 20242 min read


Connectly raises $ 20 million in Series B funding led by Alibaba.
Connectly, a San Francisco based company, specializing in AI-powered conversational commerce has secured a $ 20 million in Series B...
Sep 18, 20241 min read


Cadence to acquire BETA CAE Systems for $ 1.24 billion in cash and stock
California-based Cadence Design Systems (CDNS.O) will acquire BETA CAE Systems International AG for $ 1.24 billion. The acquisition is...
Mar 28, 20241 min read


Minimum Wage in Greece to increase to € 830 per month in April 2024
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...
Mar 22, 20242 min read


Greek merchant fleet first by DWT and third by Value
Greece’s shipping fleet ranks first in the world in terms of deadweight tonnes (dwt) and third by vessel value, according to recent...
Mar 6, 20242 min read


Titania Hotel acquired by H Hotels for € 74 million
According to press reports, the Titania Hotel was sold by London & Regional Properties to H Hotels for € 74 million. This comes only four...
Mar 6, 20242 min read


Greece hits record milestone in green energy output in 2023
Greece achieved its highest-ever level of renewable energy production in 2023. Energy produced from wind, solar and hydroelectric sources...
Feb 10, 20242 min read


Greek Government to sell 30% share in Athens International Airport
The Greek Government approved an initial public offering (IPO) to sell a 30% share in the operating company of Athens International...
Feb 7, 20241 min read


Found.ation reports on the growth of Greece’s Startup ecosystem
Found.ation is a Greek innovation management consulting firm and business incubator. Together with EIT Digital, Found.ation released the...
Jan 25, 20242 min read


European Consortium completes acquisition of 66% of the Greek Gas Transmission Operator DESFA
The Hellenic Republic Assets Development Fund (HRADF) sold a 66% stake in DESFA, the Greek Gas Transmission system operator. The buyers...
Jan 23, 20241 min read


The Port of Piraeus received 1.5 million cruise passengers in 2023
More evidence that Greece’s tourism sector and wider economy are recovering after the 2020-2021 COVID Pandemic came with the announcement...
Jan 8, 20242 min read
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