Elliniko-Argyroupoli

There are many encouraging examples from around the country. Producers who managed to break the vicious cycle of inertia.

Entrepreneurs who have invested in the quality of Greek products, who have succeeded in making the most of the unrivaled natural capital for domestic production, who are leading the way for an extroverted sector.

Three associations representing different departments of Greece's Ministry of Culture announced on Friday that they have filed a motion with the Council of State challenging the development of the plot of Athens' former airport on the southern coast of Elliniko.

Unidentified assailants used sledgehammers to smash the facade of a bank on Vouliagmenis Avenue in the Athens suburb of Dafni in the early hours of Monday morning. 

The attack, which occurred at 2.30 a.m., was recorded by surveillance cameras, according to the police who were seeking the perpetrators. 

At Lamda Development's extraordinary general meeting last week concerning the approval of a 650-million-euro share capital increase, the construction firm launched its mission to forge strategic partnerships for the development of the Elliniko plot in southern Athens.

Daytime temperatures in many parts of the country are expected to hit unseasonal highs of 30 degrees Celsius on Tuesday, with the warmest weather forecast in eastern parts of the country and the Aegean islands, the Hellenic National Meteorological Service (HNMS) said on Monday.

The Athens Urban Transport Organization (OASA) has introduced a number of changes to the capital's bus services in a bid to reduce operational costs.

Effective as of Monday, OASA will be shutting down a number of services that were found to have low passenger numbers.

Greece's Lamda Development hopes to secure all the necessary licences to start a huge development of luxury homes and offices at a disused airport site in Athens early next year, its top executive said on Thursday.
The former Elliniko airport, a sprawling site of disused runways, terminals and venues used for the Athens 2004 Olympics, has been abandoned for almost two decades.

The fourth and final ministerial decision regarding the seven "neighborhoods" of the Elliniko development has just been published in the Government Gazette, paving the way for the start of the project's implementation. The decision offers a glimpse of what those seven neighborhoods will look like.

The Infrastructure Ministry has ruled out the funding of any extension of the Attica ring road (Attiki Odos) through the extension of the current concession contract, as the operating consortium wants.

The ministry argues that any project related to the privately run highway will be included in the tender concerning the period after the expiry of the existing contract.

Lamda Development is close to sealing an agreement to open a major line of credit from foreign and domestic banks that will be used to finance the first phase of the Elliniko plot's development, Kathimerini understands. A share capital increase is also under consideration, without its timing, coverage or amount having been determined yet.