Greece Launches New Foreign Direct Investment Screening Regime

Euronext, the pan-European stock exchange, has gained control of the Athens Stock Exchange (ATHEX). About 74% of ATHEX shareholders accepted Euronext’s share-exchange offer. Under the deal, shareholders receive 0.050 new Euronext shares for each ATHEX share.

Chevron and Helleniq begin Offshore Gas Exploration in Greece

Greece expands role for US LNG Gas Sales to Europe

Greece has reached a major agreement for gas exploration in the Ionian Sea. ExxonMobil is joining Energean and Helleniq Energy in Block 2, located 30km northwest of Corfu.

Navigator Consulting & Innovation Partners, the parent company of NavInvest Greece, will participate in a business delegation to...

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.

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.

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.

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.

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.

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.

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...