By S. Zisimos
Approval of three major investments in recession-battered Greece totaling 814 million euros, schemes described as “strategic”, will dominate next week’s session of a top ministerial meeting, with sources telling “N” that two of the three projects related to the tourism sector and the third being energy production.
According to reports, the tourism projects involve the building of holiday home complexes on the large islands of Crete and Evia, respectively, while the third project is a state-of-the-art power plant.
The same reports point to Russian and Gulf capital as behind the tourism investments, 400 million euros and 200 million euros, respectively, with domestic investors behind the power plant investment.
As with most economic prospects in Greece at present, finance ministry officials said other investment schemes are awaiting a conclusion to the still delayed first review of the Greek program (third bailout).
Regarding the specific investments cited and set for announcement, the same officials said project files are comprehensive and have cleared lower-level bureaucratic obstacles, with recommendations by the relevant ministry leaderships expected to provide a “green light”.
