The case regarding the Koukoutaris family’s planned hotel project in Ano Koufonisia has reached the Central Archaeological Council (CAC).
NOMAS S.A., the corporate vehicle through which the Koukoutaris family—known for the frozen pastry products company Alfa Pastry—has appealed against Decision No. 601419/19-12-2023 (ADA: 6I5846NKO-VBO) of the Directorate of Prehistoric and Classical Antiquities (DIPKA), concerning the approval of a request to construct a hotel within the settlement.
NOMAS S.A. was established in May 2022 with its headquarters in Kozani, with a scope of activities ranging from hotel services and hospitality to catering, real estate transactions, and property management.
In December 2024, the company secured the project’s inclusion under the Development Law, securing nearly €2.85 million in state aid for the development of the new tourism facility.
The investment plan involves the creation of a new 5-star hotel with a capacity of 29 rooms and 58 beds. The total eligible cost of the investment amounts to €4.75 million, with NOMAS S.A. receiving a grant of €2.847 million, an amount covering approximately 60% of the total cost, through the “Support for Tourism Investments” under Law 4887/2022.
According to the investment dossier, the project is expected to create 31.4 new full-time jobs.
The Koukoutaris family is best known for Alfa Pastry, the frozen pastry products manufacturer based in Kozani. Last year, the company recorded a record high in sales, at 76.96 million euros, an increase of 11.6%, but pre-tax profits fell to €5.72 million from €7.55 million (-24%), while net profits stood at €4.88 million from €6.86 million (-29%). EBITDA fell to €8.34 million from €9.91 million in the previous fiscal year.
Management attributes this decline primarily to increased marketing expenses, which amounted to €3.46 million, with a focus mainly on the North American market.