From heavy industry and food processing to defense technology and luxury tourism, the new investment projects that have been given the green light total nearly 289 million euros.
In Crete, the company SKRAP CRETE is proceeding with a €5.83 million investment to modernize its metal recycling plant in Heraklion. The project is described as a substantial upgrade of the production process and is accompanied by €4.08 million in state aid through a tax exemption.
This investment aligns with the principles of the circular economy, namely the reuse and recycling of raw materials.
The next investment is also in Crete, where the Tsatsaronakis bakery is investing €1.71 million to modernize its rusk production facility in Kissamos, Chania. State aid amounts to €1.19 million through tax exemptions, while the project also calls for the creation of three new jobs.
In the high-tech sector, the investment by THON SENSORS, one of the best-known Greek companies in the field of electro-optical and defense systems, stands out. The company is investing €10.24 million in its facilities in Koropi to develop new electro-optical systems and ISTAR platforms—technologies used for surveillance, target identification, and intelligence gathering. State aid amounts to €1.93 million, and the project is expected to create 13 new jobs.
The largest industrial investment involves EMM. KOUVIDIS, which is expanding its plastic pipe production facility at the Tylissos Industrial Park in Heraklion with a total project budget of €18.04 million. The state is contributing a grant of €12.63 million, and the project is expected to create 46 new jobs.
In Thessaloniki, MILKPLAN is investing €5.05 million to expand its production facility. The company, which manufactures equipment for the dairy industry, is receiving a grant of €2.43 million and plans to create 13 new jobs.
Eureka Hellas is investing €4.1 million in Volos to expand its detergent and chemical production facility, with a tax exemption of €1.65 million.
Polieco Hellas is investing nearly €3 million in Serres to expand production of HDPE plastic pipes, with a tax incentive of €1.48 million and more than ten new jobs.
ODOS S.A. is investing €4.5 million in a new asphalt mixing plant in Agrinio, while HB BODY is expanding its paint production facility in Thessaloniki with an investment of nearly €8 million.
However, the largest investment project comes from the tourism sector. In Petalioi, Evia, a strategic investment of €224 million was approvedfor the development of a luxury resort by Grivalia.
The project includes a 300-room hotel, 20 luxury villas, a spa, restaurants, a beach club, port facilities, a desalination plant, energy infrastructure, and an electric vehicle network. The investment is expected to create approximately 300 jobs and be implemented over a period of up to 15 years.