Gov’t races to jump-start stalled Elliniko project; no extension to casino bid

The government is rushing to jump-start the country's largest private investment, to develop the former airport at Elliniko.
Three ministerial decisions involving the park, the coastline development and the casino are expected to be approved by August 27, and a fourth, involving other construction, by August 30.

Creta Farms in imminent danger of collapse

The creditors of financially distressed deli products company Creta Farms appeared willing last month to lend the company 8 million euros, on the condition that brothers Manolis and Konstantinos Domazakis, owners of 80 percent of the company, put up their shares as collateral.
The pair did not do so and the company, which employs 800 people, is in imminent danger of collapse.

Greek PM meets with Eldorado Gold CEO

Greek Prime Minister Kyriakos Mitsotakis met with the chief executive officer of Canadian miner Eldorado Gold, George Burns, his Athens said on Friday.

According to the announcement, the prime minister reiterated the government's support for the company's investment plans in Greece on the condition that it respects environmental regulations and generates jobs.

Decisions unlocking Elliniko development to be issued within August, minister says

Three joint ministerial decisions that will unblock a stalled multi-million-euro development project on Athens' southern coast will be issued by the end of the month, Development Minister Adonis Georgiadis said on Friday.

Speaking on Slai TV, Georgiadis said the decrees have already been written and are expected to clear the bureaucratic process for their publication within August.

Map of plots to ease investments

The government announced on Monday the creation of a digital land map, a broad online platform that will make a record of every plot of land, what terms and restrictions apply to its construction, the land usage and whether it is inside a protected area, an archaeological sites, a forest or a seaside spot.

Georgiadis discusses pending US investments with ambassador

Greece's Development and Investments Minister Adonis Georgiadis discussed about American investments in the country which remain pending in a meeting Friday with US Ambassador Geoffrey Pyatt.
The ambassador noted that there are "important opportunities" to develop trade relations in investments such as the massive development project in Elliniko and the Elefsina shipyards.