The city of Athens could attract more than one million tourists annually after completion of an investment project in Hellinikon, according to Lamda Development's CEO.

AGC subsidiary Jermyn Street Real Estate fund acquired the Asteras Hotel complex (Astir Palace Vouliagmeni) for about 400 million euros representing investors from different Arab countries (about 85% of their funds) and from Doğuş Group (about 15%) which is controlled by Ferit Şahenk, a turkish multimillionare.

In its efforts to meet privatization targets agreed upon with the Troika of lenders, the government has slated three problematic, to varying degrees, industries for privatization. These are Hellenic Defense Systems (EAS), Hellenic Vehicle Industry (ELVO) and LARKO mining and metallurgy firm.