The Minister noted that Santorini was geologically unique, reassuring everyone that the Tourism Ministry was in close cooperation with experts to monitor the situation and take appropriate measures
The reasons behind investment interest - The new "hotspots" and the dominance of the Athenian Riviera - The profile of buyers
The EMY emergency bulletin is in effect - The weather forecast until Wednesday
As water seeps through cracked irrigation canals and outdated pipes lose more than half of their supply, local officials warn of a growing threat to both public health and agriculture.
While the price paid for the final 77% hasn’t been disclosed, it’s speculated that Procopiou paid a premium for full control. This comes after substantial returns to shareholders from the sale of 13 ultra-luxury villas built on the former Aphrodite hotel site, reportedly totaling €450 million. Published financial statements indicate €317 million in returns over the past three years: €160 million in 2021, €37 million in 2022, and €120 million in 2023.
Tensions flared as police set up a roadblock to prevent them from reaching a hotel where Prime Minister Kyriakos Mitsotakis was speaking at the Thessaloniki Summit 2025.
