Economics

Crete is evolving into one of Greece’s most strategic regions, combining cultural heritage, tourism, and large-scale infrastructure. From energy connectivity to modern transport and ambitious tourism projects, the island is experiencing a transformation that will define its future. Energy and Infrastructure Kastelli International Airport Replacing the overburdened Heraklion airport, the new...

Amid global tourism growth and shifting traveler preferences, Greece is experiencing a record influx of tourism-related investments. In just four months—from October 2024 to January 2025—over 500 million euros have been invested in the country's hospitality sector, confirming the strong appeal of the Greek market for international investors. Major Deals and Market Trends Akti Hotels...

A major step toward the development of Athens was taken with the recent green light for Project VORIA, a €300 million strategic investment by North Star Entertainment set to reshape Maroussi, in northern Athens. The project represents one of the most significant private investments in Attica in decades and is expected to boost the area's attractiveness for both residents and international...

Greece continues to strengthen its position on the global tourism map, showing steady growth in visitor numbers and a clear shift in interest toward lesser-known regions and authentic travel experiences. According to preliminary data from the Hellenic Tourism Organization and market analysts, the country’s tourism sector showed solid recovery in the first three months of 2025, with rising demand for...

The redevelopment of Hellinikon, with a budget of 8 billion euros, is the largest private investment in the history of Greece and is expected to be one of the main pillars of the country's development. This project, which includes the creation of a modern urban center, is expected to bring revolutionary changes to the Greek economy, businesses and exports, strengthening the country's competitiveness on the...

The analytical data on travel traffic for the period January-October published by the Bank of Greece show that the estimate of record international arrivals of over 38 million, including cruise passengers, for the whole year for our country will be confirmed. In detail, for the period January-October, incoming travel traffic recorded an increase of 9.2% and reached 33.8 million travelers, compared to...

Greek house prices continue to accelerate, amidst strong demand from foreign homebuyers, growing residential construction activity, and continued economic growth in the country. In Greece's urban areas, house prices soared by 10.76% in Q1 2024 from a year earlier, following year-on-year increases of 12.48% in Q4 2023, 13.05% in Q3, 15.22% in Q2, and 15.91% in Q1, according to figures released by...