Elliniko

The government has approved the demolition of five structures at the former Elliniko Airport, a necessary step towards the redevelopment of the area.

The decision was published late Friday in the Government Gazette.

The structures will be demolished by October 31.

Lines 2 and 3 of the Athens metro will increase the frequency of service as of Tuesday, following a rise in commuter traffic since lockdown measures started being eased last month.

A demolition order for about 450 buildings inside the mixed-use development of the former Athens airport at Elliniko was published in the government gazette on Wednesday, opening the way for work to begin at the site.

Greece will raise only a fraction of what it initially expected from privatizations this year, as the coronavirus downturn has forced it to put planned asset sales on hold to avoid low offers.

Another obstacle to the mixed-use development of the former Athens airport at Elliniko was lifted on Wednesday, after the state's Central Archaeological Council (KAS) unanimously decided to allow the investor to demolish numerous buildings in the park.

The international press due to the performance of Greek bonds has lavished praise on the Greek economy.

What was just one year ago considered inconceivable has been attained.

The return on the Greek 10-year bond in one trading session fell to under one percent - a new record low.

The decrease in the cost of borrowing has a positive multiplier effect for Greece.

After the expiry of the concession of the old Athens airport at Elliniko, on the city's southern coast, the Greek state will retain ownership of the integrated casino complex, the marina, the marina hotel and the marina mall, and another six major plots plus one more where another hotel may be built, Kathimerini can reveal.

The necessary demolitions and the other preparatory work on the plot of the old Athens airport at Elliniko will start at the end of March at the earliest, after the relevant amendment was passed in Parliament on Monday.
That period is required to attain the approval of the Central Archaeological Council and the Central Council for Modern Monuments.

Hard Rock International has announced it will take recourse to both the Greek and the European authorities against its exclusion from the tender for the Elliniko casino permit, as had been widely expected.

A countdown of 10 working days started late on Monday, until February 3, for the submission of any objections about the tender for the casino permit at the Elliniko plot, after the notification by the Hellenic Gaming Commission (EEEP) to the two candidates regarding the bids submitted.