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Athens, Greece – The Greek MeToo movement lit by Olympian Sofia Bekatorou is becoming a wildfire that now burns uncomfortably close to the government. Culture minister Lina Mendoni faces opposition calls to resign after two men accused the National Theatre director she appointed of raping them when they were barely adults. Opposition leader Alexis Tsipras reissued his call on Tuesday for Prime Minister Kyriakos Mitsotakis, “to do the obvious, even at this late stage, and relieve Mendoni of her ministerial duties”. “And he should apologise to the victims and the Greek people for his go...

An impression of the Sentido Unique Blue Resort Greece’s field of luxury hotels will see a number of new entries following transactions and developments that took place in the fourth quarter of 2020, according to the latest report released by GBR Consulting. CIG: Sentido Unique Blue Resort As noted in the consulting company’s quarterly report for 2020 Q4, in November 2020 it was announced that Cretan Investments Group (CIG) Hellas acquired its first hotel, the 119-room Iti AKS Minoa Palace. Located in Heraklion on Crete, the hotel will be renovated in two phases (during the winter of 2020...

New luxury hotels coming to Greece’s hospitality market Add Greece’s field of luxury hotels will see several new openings following transactions and developments that took place in 2020. Cretan Investments Group (CIG) Hellas obtained its first hotel, Iti AKS Minoa Palace. Located in Heraklion on Crete, the hotel will be renovated in two phases and is planned to re-open in April 2021 as the Sentido Unique Blue Resort. Also, in November 2020, Lamda Development and TEMES S.A. announced a strategic agreement for the joint development of two state of the art, luxury hotels and residential co...

Lamda Development eyes expression of interest process for two out of six high-rise towers at Helleniko site Wednesday, 23 December 2020 23:06 UPD:23:09 ATHEX-listed Lamda Development has unveiled an expression of interest process for would-be investors to build and exploit two out of the six planned high-rise buildings at the Helleniko site in coastal southeast Athens, billed as one of biggest land development projects in Europe. Speaking during an extraordinary general assembly of shareholders on Tuesday, Lamda Development CEO Odysseas Athanasiou said Deloitte and Savills have been sele...

Why Mohegan Gaming chose to invest in Greece Search for: “Inspire Athens”, the casino project in Hellinikon is expected to increase international tourism to Attica by 10%. Addressing the ’22nd Annual Capital Link Forum – Invest in Greece’ last week, Mario Kontomerkos, CEO of Mohegan Gaming & Entertainment, expressed his belief in the viability of the project in Greece. “It has the privilege of a temperate climate all year round, it is located in a place with amazing views, sunny, by the sea and with a nice atmosphere. The capital is home to 4 million people, while 19 countries a...