
United Group’s plan to implement investments of 2 billion euros in Greece by 2027 for the upgrade of new technology telecommunications infrastructure was presented to the Greek Prime Minister Kyriakos Mitsotakis by representatives of the group, during a meeting held this morning at the Maximos Mansion.
2022 is a record year for foreign investments
“I believe that your decision proves the confidence that both domestic and international investors have in the prospects of Greece. And, of course, I believe that the excellent work that has been done by the Ministry of Digital Governance as well as the available funds of the Recovery and Resilience Fund support this kind of investment,” Kyriakos Mitsotakis said at the beginning of the meeting, noting that “2022 will be a record year in terms of attracting foreign investment to Greece.”
United Group’s investment plan envisages the installation of a 10 Gigabit fibre optic network covering 4.5 million individuals and businesses.
The aim is the overall upgrade of our digital infrastructure
“For us, the digital transformation of the Greek economy and society is a bet that we intend not just to win, but to give Greece the opportunity to make a leap forward,” the Greek Prime Minister said. “I think that Greek citizens already recognize that the changes in the digital services sector are very important. And, at the same time, we have an extremely ambitious plan, which is partly funded by the Recovery Fund in combination with leveraging private resources: to be able to upgrade our digital infrastructure as a whole.”
“Let me again express my satisfaction for this very important investment, which you are announcing today through Nova, in the digital upgrade of the country,” the Greek Prime Minister stressed. “It will allow us to quickly bridge an important gap which we have long pointed out, as well as to provide very high speeds at affordable prices to millions of Greek households and, of course, to stimulate even more competition in the Greek market,” he added.
“With this investment that you are announcing today, you give us the confidence and certainty that this plan, this vision that we have, we share it with important investment funds that also want to participate in the added value that is created in the country as a whole,” added Kyriakos Mitsotakis.
The statements
“The truth is that today we are making a very important investment, an investment of 2 billion euros, in the development of fibre optics, which – we think – will promote the prospects of the country, but even more – I would say – the economic prosperity and social well-being of Greece”, said Mr Nikos Stathopoulos, President of BC Partners in Europe.
“From the first day we came to Greece, we made it clear that, through our investment, we are looking for a long-lasting a relationship,” noted United Group’s CEO, Victoriya Boklag. “We are pleased to announce that we will invest an additional 2 billion over the next five years. A large part of this investment will be directed towards building Nova’s state-of-the-art fibre infrastructure.”
“For us, this investment is a vote of confidence in Greece and it is also a vote of confidence in its technological capabilities,” said Minister of State and Digital Governance, Mr Kyriakos Pierrakakis. “We are about 25th in the world in mobile telephony, but about 92nd in fixed telephony. That’s exactly why your investment today is truly important as it indicates that we are ready to make a big transition. It is another step towards the digitisation of the state and the economy and it is another part of the strategy that the Prime Minister has set out,” Kyriakos Pierrakakis continued.
The meeting was also attended by the Deputy Prime Minister, Mr Ioannis Bratakos and the chief economic adviser to Greece’s Prime Minister, Mr Alexis Patelis. Moreove, the CEO of Nova, Mr Panayotis Georgiopoulos, was also present at the meeting.


Latest News

When Blue Skies was Unmasked as ND’s Political ‘Slush Fund’
The fact that so many top New Democracy (ND) party cadres were paid by the firm Blue Skies, owned by Thomas Varvitsiotis and Yiannis Olympios, without ever citing this publicly, raises very serious moral issues, regardless of the legality

Greek Women’s Water Polo Team Top in the World after 13-9 Win Over Hungary
The Greek team had previously defeated another tournament favorite, the Netherlands, to reach the final.

S&P Raises Greek Rating; BBB with Stable Outlook
S&P’s decision raises the Greek economy to the second notch of investment grade ladder, at BBB with a stable outlook.

Greek Tourism Optimistic About Demand from American Market
A recent survey by MMGY Global, conducted from April 3–5 with a sample of 1,000 U.S. adults, found that 83% of Americans still intend to take leisure trips over the next 12 months, a slight drop from 87% in late February

New Exposé by Domumento Reveals Nefarious Triangular Link of ‘Black Money’ with New Democracy, Blue Skies, & Truth Team
The latest exposé by the Documentonews.gr news site lays bare what appears to be a surreptitious path of indirect financing of ND through the business sector—transactions that, as widely understood, rarely occur without expectations of reciprocal benefit

PM Meloni Meets Vice President Vance in Rome Signalling Optimism on Ukraine Talks
Meloni emphasized the strength and strategic value of the Italy-U.S. partnership.

Airbnb: Greece’s Short-Term Rentals Dip in March Amid Easter Shift
Data from analytics firm AirDNA shows that average occupancy for short-term rentals dropped to 45% in March, down from 49% the same month last year.

Easter Week in Greece: Holy Friday in Orthodoxy Today
At the Vespers service on Friday evening the image of Christ is removed from the Cross and wrapped in a white cloth

Meloni and Trump Meet in Washington, Vow to Strengthen Western Ties
“I am 100% sure there will be no problems reaching a deal on tariffs with the EU—none whatsoever,” Trump stressed.

ECB Cuts Interest Rates by 25 Basis Points in Expected Move
The ECB’s Governing Council opted to lower the deposit facility rate—the benchmark for signaling monetary policy direction—citing an updated assessment of inflation prospects, the dynamics of underlying inflation, and the strength of monetary policy transmission.