Kavala's City Council approved an increase in the share capital of "Anaptixiaki Kavalas Anaptixiaki Anonymi Etaireia OTA," the municipality's economic development company, during its 18th session of 2026 on 29 July. Development companies of this kind are typically used by Greek municipalities to manage EU-funded projects, technical studies and local investment initiatives outside the constraints of standard municipal budgeting. Council members linked the capital increase to the company's growing project pipeline, though specific new initiatives to be funded were not detailed publicly.