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.


ATHENS - The Hellenic Navy’s Hydrographic Service station on Corfu issued a NAVTΕΧ message on Saturday over work related to seismic research southwest of Crete.

Top Stories


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

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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.


Search Effort Intensifies after Indonesia Quake Killed 271

CIANJUR, Indonesia — More rescuers and volunteers were deployed Wednesday in devastated areas on Indonesia's main island of Java to search for the dead and missing from an earthquake that killed at least 271 people.

ATHENS - Prime Minister Kyriakos Mitsotakis paid a visit on Saturday to the Police Station of Kallithea, the southwestern suburb of Athens, which houses an Operational Office dealing with domestic violence of a network of 18 such centers incorporated in police stations.

COLORADO SPRINGS, Colo. (AP) — When officials unfurled a 25-foot rainbow flag in front of Colorado Springs City Hall this week, people gathered to mourn the victims of a mass shooting at a popular gay club couldn't help but reflect on how such a display of support would have been unthinkable just days earlier.

NANTUCKET, Mass. (AP) — The Biden family's tradition of eating lunch, shopping and watching a Christmas tree lighting in downtown Nantucket on Friday became mostly about keeping the president's 2-year-old grandson from having a meltdown.

AL KHOR, Qatar (AP) — Respect achieved.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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