The decision of the CAC to declare a large part of the city of Piraeus as archaeological space puts a brake on an investment of millions of euros from the Chinese Cosco in the largest port of Greece.
However, the example with halting the Cosco investment in Piraeus is not the only one. The Central Archaeological Council, with its decisions, has left hundreds of millions of euros in the air and virtually blocks investors who want to come to the country.
The examples of such decisions halting investments because of the CAC are many. Among them are the Port Authority of Piraeus, Afandou, Elliniko, Sounio.
One of the decisions that hindered one of the largest investments in Greece was when the Central Archaeological Council declared part of the former Hellenikon Airport as an archaeological site. The result was that they needed continuous meetings and thus lost valuable time for the use of the area and the investment was delayed.
The second case was the brake it put in 2016 to the big tourist investment in Afandou, Rhodes. The investment of EUR 42 million was halted, as the CAC characterized it an archaeological site, resulting that since 2016 nothing has happened.
Still one of the most recent examples, which also involved the international press, was the refusal to the BBC by denying permission to shoot a television series in the archaeological site of Sounio.