In a worrying trend for Turkey, one of its largest corporations, Dogus Holding, has sold its 33.75% stake in Athens’ prestigious Astir Palace Hotel to Greek shipowner George Procopiou for £118 million.
This follows the December transfer of a 49% stake in Galataport Istanbul, a premium cruise port, to five Turkish banks as part of an £870 million debt restructuring plan.
This shift is part of a broader trend, with Turkish companies increasingly investing in Greece. According to the Turkish central bank, Turkey’s direct investments in Greece reached £433 million by 2024, marking a significant rise in recent years, as reported by Turkiye Today.
With growing investments and the strategic shift towards Greece,…
