Business
Business
Greece Plans to Increase Golden Visa Requirement to €800,000
Greece will increase the threshold of the minimum investments for third-country nationals to acquire the Golden Visa, PM Kyriakos Mitsotakis announced in parliament on Friday.
Speaking at a debate on the housing crisis affecting hundreds of thousands of Greeks, Mitsotakis...
Business
Shares of Athens Airport Make Spectacular Debut in the Stock Exchange
The Athens International Airport (AIA) shares made a spectacular debut on the Athens Stock Exchange on Wednesday, with its price rising more than 14 percent in midday transactions in heavy trading of more than 50 million euros.
This follows after...
Business
Greece Ranked Among Top Countries for Digital Nomads
Greece has been listed in the top 38 countries that are best suited for digital nomads, according to the Digital Nomad Visa Index.
Greece has been ranked 28th out of the 38 countries considered the best places for digital nomads...
Business
Iconic Las Vegas Casino, Tropicana, Shuts Down After 70 Years
The Tropicana Las Vegas, the emblematic casino that is connected like no other to the myth of Sin City, is shutting down its doors after almost seven decades.
The legendary Nevada casino will be demolished in the Spring to make...
Business
Demand for Athens Airport Shares Exceeds 8 Billion Euros
Demand by domestic and international investors for shares in Athens International Airport exceeded 8.0 billion euros ($8.7 billion) Greek authorities announced on Friday.
According to the country’s privatization agency Hellenic Republic Asset Development Fund (HRADF) the initial public offering of...
Business
Ferrari Shares Surge by $7 Billion Amid Lewis Hamilton F1 Move
Ferrari’s share price soared more than 10 percent to hit a new record high on the New York Stock Exchange on Thursday as news of Lewis Hamilton’s Formula 1 move broke.
Having closed Wednesday’s trading with a share price of...
Business
Judge Rules Elon Musk’s $56bn Tesla Pay Package ‘Excessive’
On Tuesday, a Delaware court made a decision that supported the investors who argued that billionaire Elon Musk's $56 billion Tesla compensation package was too high.
The judge found that Musk’s compensation was inappropriately set by the electric vehicle maker’s...
Business
Elon Musk Loses His Spot as World’s Richest Person
Forbes' billionaire list shows Elon Musk is no longer the world's richest person, having been overtaken by Bernard Arnault, head of Louis Vuitton Moet Hennessy (LVMH).
With a net worth of 208.8 billion dollars, Bernard Arnault now tops Forbes' Real-Time...
Business
Elon Musk’s AI Start-Up Seeks to Raise $6Bn From Investors
Elon Musk's AI company, xAI, is discussing plans to secure funding of up to six billion dollars. The Tesla and X leader is reaching out to investors worldwide, including those in Hong Kong, as he aims to compete with...
Business
Libra’s GSI to Build Massive Solar Power Facility in Canada
Greenwood Sustainable Infrastructure LLC (GSI), one of the renewable energy subsidiaries of Libra Group, announced the construction of a 100-megawatt (MWac) utility-scale solar facility in Saskatchewan, Canada.
The Iyuhána Solar (Iyuhána), a GSI-led partnership with Saturn Power Inc. and Ocean...
Business
Elon Musk Seeks Additional Voting Power to Control More of Tesla
On Monday, Elon Musk, the CEO of Tesla and SpaceX, as well as the owner of the social network X (formerly Twitter), expressed his desire to have control of over 25 percent of the voting power in his electric vehicle...
Business
Apple Overtakes Samsung as World’s Biggest Smartphone Brand
Apple overtook Samsung as the world’s biggest smartphone brand in 2023, according to the latest numbers from market research firm IDC.
Samsung's reign at the top for more than a decade came to an end as the iPhone mnufacturer shipped...
Business
World’s Five Richest Men Doubled Their Wealth Since 2020
The world's five richest men have more than doubled their wealth since 2020, a report published over the weekend says.
These billionaires’ net worth has skyrocketed 114 percent to a total of $869 billion after taking inflation into account, according...
Business
Aristotle Onassis: Greece’s Larger Than Life Tycoon
Aristotle Onassis was one of the most famous Greeks in the entire world in the 20th century, a visionary and one of the richest men
Business
Real Estate Economy in Greece Grows in Multiple Sectors
The recently released Cushman Wakefield Proprius Marketplace Real Estate report demonstrated a significant growth in the Real Estate economy of Greece. The economy grew in all three different sectors, namely industrial, retail, and office.
The Growth of the Economy of...