{"id":6408,"date":"2021-10-01T10:56:46","date_gmt":"2021-10-01T08:56:46","guid":{"rendered":"https:\/\/www.goldenvisa-greece.com\/?p=6408"},"modified":"2021-10-01T10:56:51","modified_gmt":"2021-10-01T08:56:51","slug":"why-greece-deserves-your-attention-now","status":"publish","type":"post","link":"https:\/\/www.goldenvisa-greece.com\/tr\/why-greece-deserves-your-attention-now\/","title":{"rendered":"Why Greece Deserves Your Attention Now"},"content":{"rendered":"\t\t
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ECONOMY<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Greek Economic Recovery Dazzles <\/strong><\/p>

According to Moody’s Analytics, the Greek economy has already returned to pre-pandemic levels, a fact which places Greece among the seven eurozone countries in full recovery in terms of real GDP.\u00a0 Moody’s Analytics expected Greece’s GDP will rise up to 8.2% for 2021 whereas EU institutions have adjusted their forecasts to a minimum of 7%.\u00a0 At the same time,\u00a0DBRS Morningstar upgraded Greece\u2019s credit rating to \u201cBB\u201d from \u201cBB (low)\u201d and changed its trend rating from \u201cStable\u201d to\u00a0\u201cPositive\u201d.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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TRAVEL<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Explosive growth for hotel investments<\/strong><\/p>

Property market officials and hospitality consultants said they expect a bump in investments in the second half of 2021 in the Greek Hotel market, as the tourism and hospitality sector have overcome the pandemic\u2019s impact and uncertainties gradually recede.
A great interest is spotted in the full renovation of hotels in the Greek capital, in fact, several four-star hotels have been inaugurated at the broader area of Syntagma Square and Omonia Square, as well as at Ermou Street, Theatrou Square, Plaka and other locations. Furthermore, hospitality giants such as France’s Accor Group and China\u2019s Fosun Tourism Group plan to expand their presence in the country, the latter in particular after its acquisition of Thomas Cook. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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INFRASTRUCTURES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Infrastructure Upgrades In Motion<\/strong><\/p>

Funded by domestic coffers and the EU\u2019s structural funds, Greece is spending \u20ac1.2 billion in upgrading and enhancing its maritime operations and improving the ferry services both inter-island and from the mainland.
Another huge infrastructure project is the construction of the new Kastelli Airport on the island of Crete, which will replace the current Nikos Kazantzakis airport in Heraklion and will become the country’s second largest airport. Its completion will significantly benefit the island’s \u2019s tourism industry, with capacities to handle up to 15 million passengers per year. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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INVESTMENTS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Strategic Investors’ Incentives<\/strong><\/p>

The Ministry of Development and Investments has released a draft bill that covers a series of incentives for boosting investment and streamlining licensing process, including a 12-year uniform tax scheme, favorable site planning terms and a 45-day timeline for permit issuance, with priorities given to agribusiness, biotechnology, aerospace, artificial intelligence, medical tourism, robotics, cloud computing, waste management and research and innovation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Deals Closed From 2021 Reached Historic High<\/strong><\/p>

Greece’s continuous credit upgrade has been a booster in attracting foreign investment. Since the start of the year, business deals over \u20ac10 billion have been finalised, such as:<\/p>