Member Info for Bigwil7

Investment Minister: “We privatize everything,” Greece turns into “hot spot for investors”

https://www.keeptalkinggreece.com/2019/12/11/greece-georgiadis-privatizations-us-investors-hotspot/

Development and Investment Minister, Adonis Georgiadis, publicly admitted that the government of New Democracy intends to privatize everything in Greece. Speaking at Capital Link’s 21st Annual Forum on Investing in Greece, the Minister did not leave room for misinterpretation. He assured the audience, US investors, that the government’s sole aim is to privatize everything.

Banks see 4 bln euro boost from property market

https://www.businessdaily.gr/english-edition/6831_banks-see-4-bln-euro-boost-property-market

Higher property prices mean that the value of real estate tied to loans improves and this strengthens the asset side of the balance sheet for lenders. Commercial property prices have risen by 14 percent since lows seen in 2017, while apartment prices are up by 11 percent. Bank officials estimate that for every 1 percentage point rise in property prices, banks benefit by nearly 400 million euros.

Greek housing sector growth picks up in third quarter

http://www.ekathimerini.com/247479/article/ekathimerini/business/greek-housing-sector-growth-picks-up-in-third-quarter

Greece’s housing market recovery picked up in the third quarter with prices increasing for the seventh consecutive quarter on a growing economy and foreign interest, central bank data showed on Thursday.

Greece Prepares for Transition to Green Economy with Incentives

https://news.gtp.gr/2019/12/10/greece-prepares-transition-green-economy-incentives/

In efforts to transition smoothly and quickly to a greener economy, Greek Energy and Environment Minister Kostis Hatzidakis said this week that the government was planning to introduce incentives for the support of environmentally-friendly investments.

This really IS a strong buy IMV.

11 December 2019
MINOAN GROUP PLC

Update
Minoan's Board has been actively exploring interest from a range of serious parties operating within inter alia, the UK, the Middle and Far East as well as Greece. The Board is now considering a number of different types of commercial transactions with a view to entering into more formal arrangements. Whilst there can be no guarantee, we expect to be able to confirm and move forward with the most appropriate transaction in the first quarter of the New Year. We will keep the market informed on progress.
The interest outlined has arisen against a steadily improving background to the business climate in Greece and the efforts of the Government to promote development in the tourism sector with particular reference to strategic projects, of which the Company's project in Crete is one.

Tourism Minister Invites American Investors to Bet on Greece

https://news.gtp.gr/2019/12/10/tourism-minister-invites-american-investors-bet-greece/

Focusing on a wide range of tourism projects currently underway including green initiatives, city and silver tourism, as well as expansion into new markets, Greek Tourism Minister Harry Theoharis invited American entrepreneurs on Monday, to invest in Greece during this year’s Annual Capital Link Invest in Greece Forum held in New York.

Times are changing which suggests to me it will be quite soon. New govt are bending over backwards to attract inward investment. Trophy asset in a prime location.

Not me Arsenal. Am holding onto my shares pending investment in the project, Can't be long now.

London roadshows prove investor interest

www.ekathimerini.com/247295/article/ekathimerini/business/london-roadshows-prove-investor-interest

Greece is now putting out a strong signal on the radars of major investors, which is probably the country’s biggest recent achievement, proving that foreign portfolios view Greek assets as serious investments.

Kathimerini understands that the participation of quality investors is related to two developments: the significant narrowing of bond yield spreads, and the fact that investors have stopped seeing Greece as high-risk country; instead it is viewed as on the road to normality.

Athens opens door for Chinese investments

https://www.tornosnews.gr/en/tourism-businesses/new-investments/37981-athens-opens-door-for-chinese-investments-in-greek-telecommunications.html

Greek PM is aggressively wooing foreign investors, especially from China

Greece offers impressive tax breaks to attract affluent foreigners

https://www.tornosnews.gr/en/tourism-businesses/new-investments/37968-greece-offers-impressive-tax-breaks-to-attract-affluent-foreigners.html

Going beyond the Golden Visa program that gives residency permits and European Union passports to wealthy foreigners who invest in Greece, the New Democracy government will offer a flat tax of 100,000 euros ($110,945) if they live in the country for at least six months annually.

You've got your sums wrong again Arsenal! .
Together with stating the company have no assets, wrong again!

Useful day where the buying albeit not huge continues. You never know Arsenal, that long awaited investment may well be around the next corner.

Greek PM discusses tourism investments with top fund managers in London

https://www.tornosnews.gr/en/tourism-businesses/new-investments/37933-greek-pm-discusses-tourism-investments-with-top-fund-managers-in-london.html

Greek Prime Minister Kyriakos Mitsotakis on Tuesday invited large fund managers in Britain to look into investing in Greece and in infrastructure in particular, during his official visit to London, ANA reports.

The meeting took place at the offices of Goldman Sachs investment bank and financial services company.

Explosive growth for hotel investments in Greece

https://www.businessdaily.gr/english-edition/6058_explosive-growth-hotel-investments-greece

Estimates show that investments in Greek hotels and the broader tourism sector over the next five years will reach 9 to 10 billion euros, of which 7 billion euros will be funded by local banks through loans. These investments come after new hotel units were recently built in Athens, Thessaloniki and other popular parts of the country.

Interest from foreign hotel groups looking to boost their presence in the Greek market is growing as they work on development plans for tens of new units.

Enterprise Greece OKs Two Projects to Create Jobs, Bring in Investments

https://news.gtp.gr/2019/11/28/enterprise-greece-oks-two-projects-create-jobs-bring-investments/

Additional fast track projects budgeted at 250 million euros and set to create 830 new employment positions include a tourism venture to be implemented by the Metaxa Hospitality Group in the Lasithi prefecture of Crete, and the construction of a mall in Metamorfosi, northern Athens. Both projects are still in pre-approval stage.

MInister: International markets and investors see the big picture for Greece

https://www.tornosnews.gr/en/tourism-businesses/new-investments/37860-minister-international-markets-and-investors-see-the-big-picture-for-greece.html

Greek Development and Investment Minister Adonis Georgiadis said on Friday in an interview with Alpha 98.9 radio station that international markets and investors are aware that Greece has the political stability and the will to change, ANA reports.

Enterprise Greece greenlights two investment projects totalling 331 million

https://www.tornosnews.gr/en/tourism-businesses/new-investments/37859-enterprise-greece-greenlights-two-investment-projects-totalling-331-million.html

"The Board of Directors set the restructuring of Enterprise Greece as a priority under the new law to promote exports, attract investment and improve the country's image abroad following successful international standards," the company noted in a press release.

Chinese banks have ambitious plans for Greece

https://www.businessdaily.gr/english-edition/5893_chinese-banks-have-ambitious-plans-greece

The entry of two giant Chinese banks in Greece is only a recent development and their presence remains discrete. But they have big plans for Greece as the country is part of the new Silk Road, placing the Mediterranean country within the strategic plans prepared by the Asian lenders.

Despite widespread talk that the two lenders will mainly stick to assisting Chinese investments in the country, Bank of Greece officials have been informed, according to sources, that they are interested in doing business in three key areas: financing large Greek projects, lending to Chinese businesses and helping Chinese companies looking to invest in Greece.

Interest from abroad in local properties has grown 25 pct.

http://www.ekathimerini.com/246374/article/ekathimerini/business/interest-from-abroad-in-local-properties-has-grown-25-pct

Demand for properties from potential foreign buyers has this year soared 25 percent compared to 2018, according to an analysis by property ad website Spitogatos. The driving force behind this flurry of investments in the local realty market is made up of Americans, Germans and British house-hunters, with the Dutch behind them.