![Greek PM inaugurates Amfilochia bypass: Commuters to save 25 minutes](https://www.ot.gr/wp-content/uploads/2022/07/mitsotakis0.jpg)
“Reliability and relationships of trust in politics are built on the consistency between words and deeds and our government has honored this agreement of truth” said Prime Minister Kyriakos Mitsotakis in his speech on the handover of the Amfilochia bypass on the Aktio-Ambrakia highway.
The Prime Minister harped on the importance of the project for the whole Greece, but especially for Amfilochia, which becomes impassable in the summer months, since before the bypass the highway passed through the city center. This was through the opening of the first 17 km of the bypass. This also shaves-off at least 25 minutes for those who travel from the Ionian coast to Vonitsa, Preveza, Palero, and Lefkada.
Ahead of schedule
Mr. Mitsotakis also commented on the delivery of the project ahead of schedule, asking project contractor Evangelos Mytilinaios to complete the overall project earlier than the deadlines.
At the same time, Kyriakos Mitsotakis argued that the new highway will also significantly reduce traffic accidents on this particular road network.
“We want to be judged for our works and not for our words” added Mr. Mitsotakis, emphasizing that “Greece is changing and changing for the better. I want to give you my personal assurance that we will continue to work with even greater zeal, with even greater energy until the end of the four-year period to support the citizens, to support the Greek region, to fully implement our program and despite the very great difficulties, which happened to us to put to the judgment of the Greek people at the end of the four years a complete government project, which will allow us to once again claim the trust of the Greeks.”
Read also – The Public Works that are going to change Western Greece
The Minister of Infrastructure and Transport, Kostas Karamanlis spoke about a project of high standards, within the timetables that had been set – something that, as he pointed out, rarely happened.
The regional governor of Western Greece, Nektarios Farmakis, called today’s opening a “day of joy and optimism for Western Greece” and as he pointed out, it is a very important road section, which is the beginning for the completion of the Amvrakia Road.
Speaking at the handover of the first section of the Ambrakia bypass, Evangelos Mytilineos underlined that this project is an important step – a milestone in the development of Mytilineos’ new projects. As he pointed out, the company delivered the project earlier than its contractual obligations, adding that its completion was done under special circumstances. Mr. Mytilinaios also referred to the significant difficulties faced by the specific project, with the continuous auctions and legal disputes, which were overcome.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes](https://www.ot.gr/wp-content/uploads/2023/02/Piraeus_cruise_1-600x382.jpg)
Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes
A total of 918 cruise ship arrivals have already been scheduled for 2025, with 714 of them designating Piraeus as their home port
![Athens Hotels See Strong Growth in Bookings and Prices](https://www.ot.gr/wp-content/uploads/2025/02/Athens-hotels-600x337.jpg)
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
![Greece Launches Microfinance Fund to Support Small Businesses](https://www.ot.gr/wp-content/uploads/2025/02/stournaras-mikropistwseis-600x400.jpg)
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
![Study: Greece’s Economic Growth Threatened by Labor Shortages](https://www.ot.gr/wp-content/uploads/2023/11/45_p14.2_img-1-600x398.jpg)
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
![Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement](https://www.ot.gr/wp-content/uploads/2025/02/Goldman-Sachs-600x400.jpg)
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
![Greek Tax Authorities Target Tax Evasion via Lifestyle Audits](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_2347095029-scaled-1-600x400.jpg)
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
![Giannis Antetokounmpo Invests in AI Video Production Platform](https://www.ot.gr/wp-content/uploads/2023/02/giannis-antetokounmpo-600x337.jpg)
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
![Greece’s Industrial Production Rises 5.8% in December](https://www.ot.gr/wp-content/uploads/2025/02/Industrial-production.jpg)
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
![Study Shows Athens Traffic Congestion Up](https://www.ot.gr/wp-content/uploads/2023/09/traffic-332857_1280-600x400.jpg)
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
![Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T223323Z_1406125441_RC24JBAKMTGM_RTRMADP_5_ELON-MUSK-JP-MORGAN-600x389.jpg)
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.