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Investments in Greece

Investments in Greece
Investments in Greece

Investments worth more than 2.8 billion euros were announced inGreece in the field of telecommunications, tourism, manufacturing, energy and trade.

In particular, in the field of telecommunications, OTE plans to spend 1.2 billion euros over the next four years to develop a new generation of networks in the field of fixed and mobile telephony. Wind and Vodafone are creating a joint company that invests a total of about 150 million euros.

In the tourism sector, in Paljuri, the Donskoy Tabak company invests 80 million euros in the development of residential and hotel infrastructure. A high-quality tourist complex of a 5-star hotel will be built in the same area, which will include 640 beds, a hydrotherapy spa, a marina with 90 yachts, and a village of 150 holiday homes. Russian investments totaling 150 million euros, in the same geographical area, in Ag. Ioannis, Halkidiki, Mr. Mentekidis' family will invest another 50 million to create a hotel complex and holiday homes.

In the energy sector, PPC Renewables is investing 327 million euros over the next four years to more than double the installed capacity available from 148 MW, which now stands at 313 MW, while DEPA is estimated to build liquefied natural gas in January. Gas stations (LNG) worth about 500 million euros. In the same area, Energean Oil & Gas is investing 45 million euros in four new drilling and the construction of a new platform linked to the Prinos platform.

In the industrial sector, Sunlight has invested 20 million euros in the creation of a new waste disposal facility in Komotini for lead batteries. Eurodrip plans to invest 4 million euros to increase the production capacity of the plant in Inofit and create new products. The Olympus dairy company is investing 7 million euros in upgrading equipment to production units. The Athens Brewery is launching an investment of about 20 million, and a new one, about 50 million, is being designed for the period 2015-2019. "EI Papadopoulos" promotes the modernization of four plants, the total investment is 10 million. Euro, "Bic VIOLEX" contributes to the investment of 32 million. Euro in research and development of new products and modernization of equipment at five factories.

In the field of trade, AV Vassilopoulos invests 65 million euros to finance the expansion of its branch network, German Lidl invests about 120 million euros to expand its network and create two new storage facilities, while METRO invests 25 to 30 million in the creation of wholesale and retail outlets (My Market).

Finally, the Ministry of Development announced that the equipment of ZTE telecommunications company will start working in Greece logistics center on February 20.

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