x

Economy

Going Up – and Down – Big Elevator, Escalator Sales in Greece

September 28, 2022

ATHENS – A construction turnaround in Greece as the deadly COVID pandemic wanes, led by the 8-billion euro ($7.65 billion) redevelopment of the abandoned Hellenikon International Airport site is driving up the sale of elevators and escalators.

The market for elevators by the installed base is expected to reach 455,000 in 2028, with those in the commercial sector accounting for 35.7 percent, said Global News Wire about the increase.

A research report by Arizton said the market is expected to grow by about 3 percent from 2022-2028, led by the need in malls, metro stations and public buildings across the country, especially those carrying 25-33 people.

The Hellenikon development by Greece’s Lamda Development began in February and will include the biggest mall in the country as well as a major retail park and office spaces, a high-rise luxury residence and hotel to be built.

Greece’s government and the Greek construction firm Gek Terna received a 30-year license to manage and build a 5-star hotel with 3,450 rooms, a conference, sports, and cultural event complex, and an exhibition hall.

Technological developments have also brought more energy-efficient elevators, while the ION Green Solar lift, manufactured in Greece by Fain Ascensores, can cut carbon emissions by 86 percent and uses a mechanism working with solar energy.

RELATED

ATHENS - The advent of warm spring weather has tourists already pouring into Greece and bringing a warning for them to avoid seaside restaurants in popular areas - some gouging customers - and to eat away from those sites and go where locals go.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Evzones March in the Rain to Greek Flag Raising at Bowling Green in NYC (VIDEO)

NEW YORK – The heavy rain did not deter the Hellenic Presidential Guard, the Evzones, and the participants in the march from St.

ATHENS - The advent of warm spring weather has tourists already pouring into Greece and bringing a warning for them to avoid seaside restaurants in popular areas - some gouging customers - and to eat away from those sites and go where locals go.

TEL AVIV, Israel (AP) — Israel on Sunday hailed its successful air defenses in the face of an unprecedented attack by Iran, saying it and its allies thwarted 99% of the more than 300 drones and missiles launched toward its territory.

NICOSIA, Cyprus  — Cyprus said Saturday it’s suspending processing all asylum applications by Syrian nationals because large numbers of refugees from the war-torn country continue to reach the island nation by boat, primarily from Lebanon.

SYDNEY  — Police identified Sunday the assailant who stabbed and killed six people at a busy Sydney shopping center before a police officer fatally shot him.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.