![The largest space hub in Southeast Europe is in Corinthia](https://www.ot.gr/wp-content/uploads/2023/01/Asteroskopeio-Kryoneri-Korinthias-768x482-1.jpg)
The Kryoneri Observatory, in Corinthia, is being upgraded and transformed into the largest space hub in Southeast Europe, as the Ministry of Development and Investments is financing it with 10.8 million euros from the Recovery Fund for the purchase of new radars, lasers, a new state-of-the-art robotic telescope and other necessary equipment.
At the same time, the Region of Peloponnese is financing the Kryoneri Observatory with 4.3 million euros for building infrastructure such as an amphitheater, an exhibition space, offices, etc. with the total investment exceeding 15 million euros.
As pointed out, this is not only the largest investment in terms of its infrastructure, but also the largest investment in scientific research in the Peloponnese.
The competent Deputy Minister of Development and Investments and Member of Parliament for Corinth, Christos Dimas, attended today the signing ceremony of the Agreement between the National Observatory of Athens and the Region of Peloponnese for the implementation of the project: “construction of a multi-purpose building at the site of the Kryoneri Observatory and shaping of the surrounding area”
Ehe Ministry of Development and Investments, the Ministry of Digital Governance, the Peloponnese Region and the Athens Observatory are joining forces with the common goal of upgrading the infrastructure and making even greater use of the scientific potential.
Schedule
According to the schedule, the space hub is expected to be fully functional and operational by 2026.
There will also be a transfer of critical infrastructure equipment from Penteli to Krioneri and the purchase of basic software for the EU-SST program, while optical fibers will also be installed.
The telescope at the Kryoneri Observatory has a diameter of 1.2 meters and its research infrastructure is important for both national and international research programs, as it is already used by the European Space Agency (ESA).
Today, important research programs are carried out in the research infrastructures of the Kryoneri Observatory, spearheaded by the systematic observations of flares caused by impacts of meteoroids and impacting objects on the lunar surface.
Through the installed special observation instrument, these observations provide useful information on the masses and dimensions of the impacting objects, the temperatures during impacts, but also the frequency with which such events occur. Also, observing the orbit of spacecraft, potentially dangerous bodies such as meteorites, safety for astronauts and satellites, and even planetary security are among the research and operational programs implemented by the Observatory’s scientific staff.
The upgraded Kryoneri Observatory will be an open visitor center for schoolchildren, students and visitors, where scientific research will be disseminated.
![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
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country