Newsletter View

Newsletter April 2011


The Peloponnese

Greece’s famed Peloponnese region offers a wealth of investment opportunity in a wide variety of sectors.

The Peloponnese region, with a total area of 15,490 square kilometers and a population of: 638,942 inhabitants (Census 2001), is one of the thirteen regions of Greece and covers 11.7% of the total area of the country. On the west it is surrounded by the Ionian Sea and bordered by the Region of Western Greece, on the northeast it borders with the region of Attica, and on the east coast it is surrounded by the Sea of Myrtoo.

The region includes the prefectures of Arkadia, Argolida, Korinthia, Lakonia and Messinia. Arkadia and Lakonia are the prefectures with the highest percentage of rural population (67.8% and 67.3% respectively), and Argolida with the highest percentage of urban population. Key cities include Tripoli, Argos, Corinth, Sparta and Kalamata. Tripoli serves as the region’s capital.

The economic mix of the Peloponnese includes mostly activities in agriculture and tourism. Small industrial activity has been sluggish but picking up over the last few years. The region’s agricultural area corresponds to 11% of total agricultural area in Greece. Main agricultural products are fruits (53% of national production), olive oil (65% of national production) and potatoes (11% of national production).

The Peloponnese is also famous for its wine producing areas such as Nemea and Mandinea. The region holds the 1st position in terms of the number of producers, wineries, varieties and vineyards in Greece.

It represents 29.1% of the Greek vineyard map and produces 1,208 different labels, which ranks the region 1st in terms of the number of wines produced in Greece.

Peloponnese’s geographical position gives the region the character of an inland southern gateway to the large island of Crete and the island of Cyprus. This position, coupled with the proximity to the metropolitan center of the country, Athens, makes a "bridge" that connects the southern island part of Europe with the capital of Greece, Western Europe and the Balkans, taking into account the new road links with European networks. Today via the creation of major roads and the gradual improvement of port infrastructure, the location of the region is an advantage for a dynamic growth path, situated within the geographical area of the European Union.

Sectors presenting investment opportunities are:
• Tourism
• Renewable Energy Sources
• Food and beverage
• Waste management


• Greece in 2010 held the 2nd place among 41 countries across Europe in the European Blue Flag Programme, with 421 beaches and 9 marinas. 28 beaches and 1 marina are located in the Peloponnese.
• The Peloponnese holds unique cultural, historic and archaeological treasures. The first World Heritage site, declared by UNESCO, was the Temple of Apollo.
• Messinia Prefecture is included in the 20 Best Trips for 2011 by National Geographic Traveler.
• The only Integrated resort in the country, Costa Navarino, is to be found in the prefecture of Messinia.
• Peloponnese is a region with an amazing variety in scenery, encompassing 47 sites, registered and protected by the Natura 2000 programme for their rare species of flora and fauna.
• 601 of the total 9.559 hotels of Greece are to be found in the Peloponnese

Tourism segments representing investment opportunities are:

Eco Tourism
Golf Resorts
Integrated Resorts
Development of existing state & private assets


The Peloponnese has unexploited capacity in solar and wind energy.

National Targets

Targeted participation of RES and conventional technology in electricity generation for the year 2020 in market shares and numerical targets:
• Targets set by the Committee for the National Energy Strategy
• Targets are binding for the Greek government
• Wind energy is expected to dominate electricity generation from RES


Mediterranean Diet, olive oil sector
Greece holds the 3rd place in world olive oil production (after Spain and Italy) with more than 140 million trees, which produce 400,000 tons of olive oil annually. The Peloponnese accounts for approximately 65% of annual domestic production, of which 75-80% is extra virgin oil.  This ranks Greece 1st in the world in production of extra virgin olive oil (Italy 2nd and Spain 3rd)


EU Imposed Targets

According to EU and national directives Greece should:
• recover at least 60% by weight all packaging waste by 2011 which includes recycling at least 55%.

Current Status: 50% decrease biodegradable waste that is sent to landfill by:
• 1,100,000 tons in 2010
• 1,900,000 tons in 2013 and
• 2,700,000 tons in 2020
Current Status: 461,079 tons (42% target coverage)

Sound Investment Opportunities
• Creation of modern, integrated facilities for treating and disposing solid municipal waste
• Energy recovery from organic waste
• Rehabilitation of existing landfills
• Environmentally sound management of industrial, medical and hazardous waste
• Construction of suitable transfer station networks and recycling centers
• Selective collection at source and further recycling of municipal waste
• Water treatment and sea or brackish water desalination
• Wastewater and sewage treatment


Development of 5* resort and vacation residences project at Porto Heli/Argolida
Development of vacation residences at Porto Hydra/Argolida
Development of marina with 400 births in Pylos/Messinia
Development of a hotel in Kardamili/Messinia

Development of Vromosykia & Lamboussa wind farms-Argolida
Development of Gropes & Kalogerovouni wind farms- Lakonia

Administration of fiber optic metropolitan area networks-Entire Region

The local government is pushing projects to promote the attractiveness of the Region

Reformation of the Corinth Canal based on its architecture and design: The Canal is the gateway to the Peloponnese region and has a width of approximately 6 km

Restoration of Bourtzi: The restoration of Bourtzi is planned to materialise through NSRF funding

Development of Karathonas: It is planned to develop Karathonas, next to Nafplio, with high end tourism projects

Improve management of Dyros Caves: It is estimated that by improving the management of Dyros Caves the annual visitors could increase by 50% to 150,000.