SIGNIFICANT INVESTMENTS ARE ANNOUNCED TO START IN GREECE ON 2014
Investments worth over 2.8 billion euro have been announced for 2014 in
Greece in the fields of telecommunications, tourism, manufacturing, energy and
trade.
Specifically, in the field of telecommunications OTE is going to spend
1.2 billion euro over the next four years for the development of new generation
networks in landline and mobile telephony. Wind and Vodafone are creating a
joint company, which will invest a total of approximately 150 million euro.
In the tourism sector, in Paliouri, Donskoy Tabak company will invest 80
million euros for the development of residential and hotel infrastructure. In
the same area it will be constructed a high quality tourist complex of 5-star
hotel, which will include 640 beds, a hydro-therapeutic spa center, a marina
hosting 90 yachts and a settlement of 150 vacation homes. The Russian
investment is in total 150 million euro, while in the same geographical area, in
Ag. Ioannis, Halkidiki, Mr. Mentekidis’ family will invest 50 million more to
create a hotel unit and vacation homes.
In the energy sector, “PPC Renewables” will invest 327 million euros in
the next four years to more than double the installed capacity available from
148 MW which is now at 313 MW, while in January it is estimated that DEPA will
build the liquefied natural gas station (LNG) with cost about 500 million
euros. In the same area Energean Oil & Gas will invest 45 million euro for
four new drillings and the construction of a new platform, connected with that
of Prinos .
In industry sector, the company Sunlight invested 20 million euro for
the creation of a new recycling settlement in Komotini for Lead Batteries. Eurodrip
plans an investment of 4 million euro to increase its production capacity of
the factory in Inofita and create new products. The dairy company Olympus will
invest 7 million euro for the upgrading of machinery to manufacturing units. “Athenian
Brewery” for 2014 launches investment of about 20 million, while for the period
2015-2017 is designed a new one, about 50 million. “EI Papadopoulos” is advancing
the modernization of four factories, total investment of 10 million euro, “Bic
VIOLEX” promotes investment of 32 million euro in research and development of
new products and the upgrading of machinery in five factories. In Industrial
Area of Sindos a new factory will be built to produce LED-type systems,
launched by the Greek company “Dasteri AE” in collaboration with multinational
giants “Hilux” and “Foxconn”, investment that is estimated at 20-30 million.
In trade sectpr, AV Vassilopoulos will invest 65 million euros to
finance the expansion of its branch network, German Lidl will invest about 120
million euros to expand its network and create two new storage facilities while
the METRO will invest 25 to 30 million in 2014 to create wholesale and retail points
(My Market).
Finally, the Ministry of Development announced that the equipment
company ZTE telecommunications starts operation in Greece of a logistics center
on 20 February.