-| On the road to Grecovery – The Hellinikon Mega Project: A new era for Greece’s economy and real market has just begun |-
From the second semester of 2016 is expected to begin the sustainable economic growth in Greece after more than eight (8) consecutive years of unprecedented economic crisis and deep recession. More and more investors and funds from all over the world bet Greece will be on the road to economic recovery (from Greek economic crisis to Grecovery) sooner than it was expected. Particularly, Greece’s GDP growth rate is expected to be positive from the 2nd semester of the current year and the said growth will escalate at a much more rapid pace from 2017 onwards.
Therefore, Greece can be treated as an emerging economy and market. As a consequence, new investments opportunities will arise in the coming years from several promising economic sectors of the Greek market like Tourism Sector, Real Estate, Greek RES Market (Large-scale Wind and PV projects), Maritime Sector, New Technologies and Research, Capital Market (via Athens Stock Exchange/ASE), Agricultural Sector and Logistics.
Greece’s economy key facts:
GDP (2016): $195 bil. – Market size (population, 2011): 10.8 mil.
Given the above analysis, the master plan for the implementation of the Hellinikon mega project is a strong message to investors around the world that Greece’s economy will return to positive growth rates. The Hellinikon project is the creation of a new face for the location of the former International Airport in coastal Athens (Hellinikon site). It will change the view of the coastal area, bringing thousands of work positions and millions of tourists in Attica region.
The Hellinikon project is the largest urban regeneration/real estate investment project throughout Europe and worldwide, as the property is more than three times larger than the size of Monaco, more than two times the size of Hyde Park in London and almost two times the size of central part in New York. In particular, the development and implementation of the said project will be an important evidence that Greece can attract and implement highly ambitious investment plans.
Once completed, the Hellinikon project is expected to have a very positive impact on Greek economy and especially in tourism sector with an additional increase of 1,000,000 tourists per annum.
The basic design of the project includes the upgrading of the beach, residential developments, superregional and local commerce, hotel facilities and recreational areas, utilization of the Olympic facilities and the creation of new sports facilities, a new golf course, venues that highlight Greece’s cultural heritage, educational facilities and research centers etc.
Moreover, within the project’s framework the investors undertake the creation, financing and maintenance of the largest Greek — and one of the largest in the world — Metropolitan Green and Recreational Park, which jointly with the public use green areas of the site will cover and aggregate area of 2,600,000 sq.m. or 42 percent of the entire site. They will undertake the financing and construction of all transport infrastructure, public facilities and utilities networks, all necessary port works, the creation of 50 km of sidewalks and bicycle paths which will create the necessary connection with the existing and the new rail networks, the underground routing of parts of Posidonos Av., the renovation and operation of all listed buildings within the site, as well as the creation of a 1 kilometer beach with free-access to the public. It is mentioned that “Varis-Koropiou” Avenue will connect the “Hellinikon Mega Project” and the modern Athens International Airport “Eleftherios Venizelos”.
This is an important step towards the direction of investment, employment, exploitation of new opportunities and of attracting international capital in the country.
The project will have multiple positive effects on other sectors and activities, it will create new expertise and a very large area will gain immense utility value for millions of Greek and foreign citizens. The contribution to the country’s GDP is expected to reach 2%, securing significant income for the Greek State and social security, which in the span of 25 years, is expected to reach cumulatively 10 billion euros.
Most importantly, this investment due to its size and qualitative characteristics, will install an important development axis in the economy of the country, and especially that of the Attica basin, which will become a reference point for many decades.
According to the competent company Lamda development, the development on Hellinikon is expected to create 10,000 direct jobs and boost the construction and real estate sectors, which have been severely struck during the years of the prolonged economic crisis. At full development the Hellinikon project is expected to employ approximately 70,000 people.
-|| The Hellinikon Mega Project is going to radically upgrade Greece’s position in the international business/investment environment ||-
Hellinikon Mega Project
A new era for Greece’s economy – A new living standard for Athens wider metropolitan area
The new face of the former International Airport of Athens will soon be a fact. In the beginning of 2017 will start the construction of the project. This is definitively the most inspired urban development project ever designed in Athens wider metropolitan area, Greece and worldwide.
-| 2016 will be just the beginning of a long-term turnaround story for Greece’s economy and real market |-
[!] I wish you all from the bottom of my heart a healthy, creative, highly prosperous, blissful and productive 2016 [!]
|> Furthermore, I strongly believe that 2016 will be the beginning of a long-term turnaround story for Greece’s emerging economy and real market with positive GDP growth rate and strong recovery!
Besides, more and more investors and funds from all over the world bet that Greece will survive and thrive!
|> After eight (8) years of deep financial crisis (recession, deflation, frighteningly high unemployment rate and unprecedented demographic collapse) Greece is very likely to return to substantial economic growth from the middle of 2016 onwards. Therefore, we have to make a very serious effort to regain financial stability.
|> [!] We have no option other than fighting up to death for economic freedom [!]
<|> Καλή δύναμη Ελλάδα! Ευτυχές, πνευματοφόρο και παραγωγικό το νέο έτος Πατρίδα! <|>
-|| 2016 αγωνιστικές ευχές σε όλο τον κόσμο ||-
Athens, the capital city of Greece, is one of the oldest cities in the world and now the financial and spiritual center of modern Greece. Particularly, the total population of the metropolitan area of Athens is larger than 3.7 million out of 10.8 million which is the total population of Greece according to the latest official census (2011). Therefore, Athens is by far the largest city in Greece (second largest city is Thessaloniki with a total metropolitan population of about 1.1 million).
The enchanting capital of Greece is the birthplace of some of the most influential philosophers the world has ever known. Furthermore, Athens is known as the birthplace of democracy and the cradle of Western civilization. Consisting of an urban district and metropolitan area, a large city center, Athens offers a confusing blend of both modern and historical features. Major Athens attractions include Acropolis, Plaka District, Ancient Agora (the oldest mall and ‘stock’ exchange market in the world), Erectheum, Temple of Olympian Zeus, Syntagma Square, National Archaeological Museum, Mount Lycabettus, New Acropolis Museum and National Garden.
Apart from the above, the wider metropolitan area of Athens has important modern business centers. In particular Athens and Greece in general are not only history. The capital of Greece is not only a beautiful city with wonderful places and tourism attractions. Athens is also a promising place to invest, providing substantial opportunities, characteristic of an emerging stock (Athens Stock Exchange/ASE) and real market.
[!] Visit Athens & Invest in Greece from 2016 onwards [!] -|| It’s the right time ||-
-|[!] Greece is an emerging economy in its upswing phase [!]|- [A total economic turnaround is coming according to the IMF]
According to the latest version of the World Economic Outlook (WEO) issued by the International Monetary Fund (IMF) in October, 2015, Greece’s real GDP is projected to decrease sharply by 5.4% (GDP growth rate -5.4%) in the 4th quarter of 2015.
However, the Greek economy is projected to increase significantly by 3.0% in the 4th quarter of 2016 according to the IMF!
Particularly, during 2016 and more especially from the 2nd half of the year, a total economic turnaround is going to come after a destructive period of more than eight (8) years of deep recession or anaemic growth (during 2014) which had as a main result the GDP decline by more than 26%, while the total GDP decline may reach the percentage of 28% by the middle of 2016. Furthermore, a large number of Financial Analysts worldwide strongly believe that Greece could be from 2016-2017 onwards one of the fastest growing economy in Europe and one of the most fast-growing emerging (stock) market around the world!
Therefore, Greece could be treated as an emerging economy and market in its upswing phase. As a consequence, new investments opportunities will arise in the coming years from several promising economic sectors of the Greek market like Stock Market*, Greek RES** Market, Greek Tourism Sector, Maritime Sector, New Technologies and Research, Agricultural Sector and Logistics.
[!] Greece 2016-2017: From Crisis to Investment Opportunity [!]
*Greek Stock Market via Athens Stock Exchange (ASE), **Renewable Energy Sources (Large-scale Wind, Solar and Biomass Energy Investments).
[!] Seize the opportunity and invest in the future by investing in the Greek real market [!]
[!] Road to Grecovery [!]
New Updated Forecasts by the IMF
Find and read the full (230-page) report of the World Economic Outlook (by the IMF) here:
~| Ελλάς 2016-2017 = Bιώσιμη Οικονομική Ανάπτυξη ή Θάνατος (GR)|~
(!) Greece 2016-2017 = Sustainable Economic Growth or Death (!)
(!) Griechenland 2016-2017 = nachhaltiges wirtschaftliches Wachstum oder Tod (!) [DE]
-|GREECE|- [!] A Place Really Worth Visiting [!] (+) [!] A Video Really Worth Watching [!] |See You In Greece!|
Greece is one of the most popular tourist destinations in the world. With more than 16,000 kilometers of coastline, more than 6,000 islands and islets (of which 227 are inhabited), historic sites that span four millennia, idyllic beaches and towering mountain ranges there is a wide variety of tourist attractions in Greece to explore. And despite the deep financial/debt crisis, Greece as a travel destination is as popular as it has ever been.
The competitive advantages of Greece, such as rich cultural heritage, unique natural beauty and geographical variety, have been attracting remarkable tourism investments in recent years, thus further strengthening Greece’s image as an ideal destination both for holidays and tourism-related investments.
[!] Keep Calm & Visit Greece [!]
|| See You In Greece ||
(!) A Video Really Worth Watching (!)
Everyone MUST take into strong consideration that Greece is not only history. Greece is not only a beautiful place. Modern Greece is also a promising place to invest, providing substantial opportunities, characteristic of an emerging market!
The economic dynamics of Greece is the product of a large variety of factors, some of the most important being the gradual restoration of its international competitiveness, the high-skilled workforce, its proximity to European, Asian and Arabic markets, the high growing (Renewable Energy Sources) RES market, the internationally competitive Greek tourism product, the huge Greek Merchant Navy (that controls 16.2% of the world’s total merchant fleet) and the significant natural resources available here.
|| Greece’s Key Facts ||
Market Size (Population): 10.8 mil. (2011 official census)
GDP (current prices, 2015): $207.1 bil. (≈185 bil. euros)
Nominal GDP per capita (2015): ≈$19,000
(!) Seize the opportunity & invest in the future by investing in the Greek market (!)
~| Investors and funds from all over the world bet Greece will survive and thrive |~
The main purpose of the aforementioned video is to promote Greece to people and investors from all over the world.
(!) We will keep on dreaming of a brighter future for Greece no matter what (!)
With a GDP of more than $207 bil. i.e. ≈€185 bil. (in current prices, 2015), a population of about 10.8 mil. (2011), a second Greek state (Cyprus) with an extra GDP of about $22 bil. (& a population of 0.86 mil.) as well as more than 5 mil. Greek expatriates around the world (more than 1 mil. in countries of the EU like the UK, Germany and France), Greece is still too big to fail and attractive for new investments in key economic sectors.
~|GREECE can create the conditions of a strong economic growth through its dynamic tourism industry|~
~| The Greek Tourism Product |~
With more than 16,000 kilometers of coastline, more than 6,000 islands and islets (of which 227 are inhabited), and a well-established tourism industry, Greece presents a prime investment opportunity in the Tourism sector. The country is one of the top global tourist destinations for sun and beach holidays, and also provides very attractive propositions for year-round themed holidays. The competitive advantages of Greece, such as rich cultural heritage, unique natural beauty and geographical variety, have been attracting remarkable tourism investments in recent years, thus further strengthening Greece’s image as an ideal destination both for holidays and tourism-related investments.
Greece attracts more than 22.5 million people each year (the number of international arrivals in 2014 according to the official estimates of the Bank of Greece), contributing about 18% to the nation’s GDP.
More analytically, tourism directly contributed 17 billion euros in GDP for Greece in 2014, or some 9% of Greece’s total GDP, according to a study released by SETE Intelligence the research department of the Greek Tourism Federation. The study highlighted that its direct and indirect contribution to the economy stands at 20-25% of Greece’s GDP.
~| Greece’s Key Facts |~
Population: 10.8 mil. (2011 official census)
GDP (current prices, 2015): $207.1 bil. (≈186 bil. euros)
Tourism product direct contribution (2014): 17 bil. euros
Even during the recent crisis, the tourist industry in Greece has been one of the mainstays of economic growth and employment, with a continued growth in tourist arrivals and revenues driven mainly by:
• the determined efforts of the Greek tourist authorities and associations to upgrade the tourist product offering
• the development of new key emerging markets such as China, Russia, Turkey and Israel.
The upgrading of the Greek tourism product is considered to be one of the most strategic avenues for a strong, dynamic and sustainable economic growth.
(!) Invest in the future by investing in the Greek tourism sector (!)
-| GREECE |-
(!) A Place Really Worth Visiting (!)
(!) MUST WATCH (!)
According to the official (final) and seasonally-calendar adjusted figures of the Hellenic Statistical Authority (ELSTAT) announced on May 29, 2015 in the 1st quarter of 2015 the Gross Domestic Product of Greece (GDP) increased by 0.4% in comparison with the 1st quarter of 2014 (y-o-y). Therefore, despite the Greek economy and real market experienced – and continues to experience – very serious liquidity problems, GDP growth rate on annual basis remained positive during the said period (January-March, 2015) even though very low. In other words, Greece’s GDP growth rate in annual basis for the 1st quarter of 2015 decreased in comparison to the previous one (4th quarter of 2014) from +1.30% to +0.40% but Greece did not slip back into recession.
Note: GDP is calculated at constant prices (2010)
-|| Greece’s GDP annual growth rate (y-o-y) ||-
2006 -> +5.73%
2007 -> +3.38%
2008 -> -0.43%
2009 -> -4.35%
2010 -> -5.33%
2011 -> -8.85%
2012 -> -6.60%
2013 -> -3.98%
2014 -> +0.80%
Q1-2015 -> +0.40% (οn annual basis) [Last figures published on May 29, 2015]
For further info here: