Four new investments worth €290 million in industry and tourism, expected to create 316 new jobs, were approved by the Interministerial Committee for Strategic Investments.
The fourth meeting of the Interministerial Committee for Strategic Investments for 2025, convened on Tuesday by Development Minister Takis Theodorikakos, was attended by Deputy Prime Minister Kostis Hatzidakis, Minister of Environment and Energy Stavros Papastavrou, Minister of Culture Lina Mendoni, Deputy Minister of Foreign Affairs Haris Theocharis, Secretary General for Private Investment Stellina Siara, and CEO of Enterprise Greece Marinos Giannopoulos.
The investment projects approved by the DESE are as follows:
Increase in the capacity of the yogurt and ice cream production units of the dairy company “Kri Kri” with the distinctive title “Greek Yogurt Dynamo,” with a budget of €52.2 million, aimed at improving efficiency and sustainable development. They include the introduction of innovative technologies, installation of modern machinery, automated packaging lines, new storage tanks and pasteurization machines, as well as the introduction of equipment cleaning technologies and the upgrading of electrical and refrigeration systems.
Expansion of the production capacity of the existing Fulgor – Hellenic Electric Cable Company S.A. plant in Sousaki, Corinth, with a budget of €76.49 million. The aim is to increase production capacity and expand the production of extra-high voltage submarine cables by 200 km/year through the construction of new facilities and the supply of new mechanical equipment. Construction of an integrated tourist development project entitled “PHAEA – South Crete: Integrated Tourist Development Plan” by Myrina Village Tourist and Hotel Enterprises Single Member S.A., at the location “Skouros,” on the southern coast of the Municipality of Viannos, in Heraklion, Crete, with a budget of €121.11 million. The complex will include 140 rooms and 30 tourist residences. Construction of an energy-autonomous tourist development called Diaporos Green Retreat in the location of “Korakia” on the islet of Diaporos in Chalkidiki, with a budget of €41.7 million. The complex will include 13 single-storey rooms/villas and 13 two-storey detached bungalows (76 rooms in total), which will be connected to a central building.
More specifically, the integrated tourism development investment under the title “PHAEA – South Crete: Integrated Tourism Development Plan” by Myrina Village Tourist and Hotel Enterprises Single Member S.A., in “Skouros,” on the southern coast of the Municipality of Viannos, in Heraklion, Crete, has a budget of €121.11 million and will create 83 new jobs when it starts operating in 2027, with a projected increase to 153 by 2032. The investment is expected to be financed by 86.5% from the Recovery Fund and bank loans and 13.5% from own funds. The incentives requested by the investor relate to fast-track licensing, siting, the granting of coastal and beach use rights, and the application of favorable provisions for ancillary works. The company has a share capital of €8,091,508 and is managed by members of the Smpoukos and Vassilakis families, as well as their executives.
The second tourism investment, called Diaporos Green Retreat, is located in “Karakia” on the islet of Diaporos in Chalkidiki. The project budget amounts to €41.7 million and is expected to create 78 new jobs. The investor is STANDA Monoprosopi A.E. Real Estate Management, owned by well-known tourism and construction entrepreneur Stavros Andreadis. The company has a share capital of €35 million and, in addition to Stavros Andreadis, his wife Niki and his son Tasos are also involved in its management. The complex will include 13 single-story rooms/villas and 13 two-story detached bungalows (76 rooms in total), which will be connected to a central building with an outdoor area featuring a communal swimming pool, shopping arcade, restaurants, yacht club, special/alternative spa facilities, gym, modern sports facilities, etc. The project is expected to be financed by 23.7% from own funds, 47.7% from a loan through the Recovery Fund, and 28.6% from an additional commercial loan.
