Investments in the balance as firms cite gov't interference

A day after Canadian mining company Eldorado Gold suspended its activities at Skouries in northern Greece, Lamda Development, which is leading a consortium of investors that aims to turn the site of the capital's former airport into a luxury real estate plot, warned that the future of the Elliniko project is in doubt due to a series of obstacles thrown up by government officials. 

In a statement on Friday, Lamda referred to the 16 conditions set out by Culture Minister Lydia Koniordou which effectively annul an agreement between the consortium and the government that was approved by Parliament.

"As expected, all the abovementioned reversals and inconsistencies and the constant creation of new obstacles overturn the necessary trust between the parties," Lamda said.

"Simultaneously, they raise concerns regarding the possibility of the materialization of the...