An added value of EUR 635 million or 0.35% of the country’s GDP was created by the GEK TERNA group during 2021, according to a related study conducted in collaboration with EY Greece on the construction and energy group’s socio-economic impact in the Greek market. . Based on this analysis, the group’s activities resulted in €264 million in tax revenue, which is 0.4% of the state’s total tax revenue, and €443 million is the total value added created for domestic suppliers as a result of GEK TERNA’s activities. .

At the same time, the group supports the income of 54,304 people in Greece and, through its activities, supports 20,886 jobs in the economy as a whole. This size corresponds to 0.55% of the total employment in the country. In fact, according to EY, every direct position offered by the GEK TERNA group in Greece supports six other jobs in the country.

According to EY research, the GEK TERNA group supports the income of 54,304 people in Greece.

Today, the group employs 4,000 people and is advancing a €6.5 billion investment program with investments in infrastructure and concessions, the circular economy, and clean energy generation and storage. These investments are expected to create over 20,000 new high paying jobs over the next five years.

Among the group’s new investments is the development of an organized tourist resort with a casino on the site of the former airport in Elliniko, as part of a joint venture with Hard Rock International. This is a €1 billion project that will house a five-star hotel, conference and exhibition center, as well as a gathering place for sports or cultural events and a casino. The said project is expected to be completed within three years of the commencement of related work, which is to be completed in the first half of 2023. This means that the investment will be completed within 2026.

In the energy sector, GEK TERNA is promoting the development of a natural gas power plant with an installed capacity of 877 MW. This project is a joint investment with the Motor Oil Group and is due to enter commercial operation in 2024. Also, by 2029, the subsidiary TERNA Energy is launching new renewable energy projects for a total of 5.9 billion euros.