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Building boom on Mykonos reveals 'wretched' side of Greece's recovery - Vimarsana News

Building boom on Mykonos reveals 'wretched' side of Greece's recovery

As Greece surfs a recovery fuelled by tourism and investment, investors have come to Mykonos in droves. But there is a dark side to the famed travel destination’s development boom.

Source: afr.com
Building Boom on Mykonos Reveals 'Wretched' Side of Greece's Recovery - Vimarsana News

Building Boom on Mykonos Reveals 'Wretched' Side of Greece's Recovery

Investors are eager to cash in on soaring demand for luxury properties, but an attack on an archaeologist investigating building violations brought a darker underbelly to light.

Building boom on Mykonos reveals 'wretched' side of Greece's recovery - Vimarsana News

Building boom on Mykonos reveals 'wretched' side of Greece's recovery

“The situation in Mykonos has spiraled out of control,” said Despina Koutsoumba, head of the Association of Greek Archaeologists.

IHC posts 20.5% rise in Q1 net profit - Vimarsana News

IHC posts 20.5% rise in Q1 net profit

IHC achieved a solid revenue increase of 50% versus Q1 2022

Source: zawya.com
Abu Dhabi-based IHC posts 20.5% rise in Q1 net profit to Dhs4.3bn - Vimarsana News

Abu Dhabi-based IHC posts 20.5% rise in Q1 net profit to Dhs4.3bn

IHC achieved a robust revenue increase of 50 per cent versus Q1 2022, reaching Dhs15.7bn during Q1 2023