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Product Price Hikes Across 32 Greek Isles as of Jan. 1

Products and services on 32 islands in the Dodecanese and North Aegean Region will go up as of January 1, 2018, due to new VAT rates.
Posted On 11 Aug 2017

Greece Still Slow to Attract Tourism Investment

Investors seeking to place their money on tourism projects in Greece are becoming all the more reluctant due to time consuming procedures.

Greece to Ease Capital Controls as of Sept. 1

Account holders can as of Sept. 1 withdraw a monthly total of 1,800 euros in cash following a Greek finance ministry decision to ease capital restrictions.
Posted On 04 Aug 2017

Smaller Budget, Shorter Stays for Greek Vacationers

SETE says travel spending by Greek holidaymakers has decreased by 65 percent in the last nine years with locals set to vacation less in 2017.
Posted On 02 Aug 2017

Hellinikon Plans to Include Six Towers, Metropolitan Park

A 7-billion-euro project to develop Hellinikon, Athens' former airport, will include the construction of six 200-meter-tall buildings.
Posted On 28 Jul 2017

Thessaloniki Port Authority Management Has Big Plans

Transforming Thessaloniki port into a gateway to the Balkans is the priority of a consortium of three companies, which have stepped in as the port’s new managers.

Economy Minister: Greece to See Signs of Growth, More Investments in 2017

The Greek economy will mark the first signs of growth this year and see an increase in investments, according to Economy and Development Minister Dimitris Papadimitriou.

IOBE: Thessaloniki Port Privatization to Bring in €1.6bn in Next Decade

The privatization of the Thessaloniki Port Authority is expected to contribute to GDP growth in Greece by up to 1.6 billion euros by 2026, IOBE think-tank says.
Posted On 22 Jun 2017

Greece’s Deal with Creditors Puts Tourism, Business Sectors at Ease

Greek tourism professionals hope that the deal reached between Greece and its lenders will lift the lingering uncertainty and allow tourism to grow.

Limited Investment Thwarting Greece’s Recovery, Report Says

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

Three More Central Athens Hotels in the Pipeline

A tender for the long-term lease of three properties in central Athens is expected to be announced by the Bageios Foundation in the coming months.

PwC: Transport, Tourism & Energy Projects Key for Growth in Greece

Transport infrastructure, upgrading, building and completing key tourism related projects are among the priorities the Greek government must implement to see growth, according to a PwC report.
Posted On 13 Jun 2017

Greek Tourism Sector Created 7 in 10 New Jobs in May

The tourism sector accounted for seven in ten new jobs for the month of May, according to data from the Greek Labor Ministry’s Ergani system.

Economist Summit: Greece Can Grow Financially Strong in Next Decade

Greece can achieve investments of 55 billion euros in the next eight years, according to George Tsopelas senior partner and MD at McKinsey & Co Greece & Cyprus.

Greece Almost Last on IMD’s 2017 Competitiveness Ranking

The tedious negotiations between Greece and its lenders have taken a toll on the competitiveness of the country, which ranks 57th among 63 countries.

More Austerity for the Greeks: Parliament Approves Reforms

A highly debated bill was passed in Greek parliament, which includes stringent austerity measures, such as pension cuts and a lower income tax threshold.

Tabled Bill Foresees Athens, Thessaloniki Shops Open Every Sunday

Shops in certain areas of Athens, Thessaloniki and Piraeus can remain open on all Sundays between May and October, according to a draft law.

Greek Finance Ministry Eases Capital Controls

The Greek finance ministry announced the further relaxation of capital controls, which have been in effect in Greece since June 2015.

Greece Set to Receive €2bn in EBRD Funding by 2018

Greece will receive up to 2 billion euros in European Bank for Reconstruction and Development funding by 2018. The financial institution will continue investing until 2020.

Greece Retail Trade Opposed to Sunday Shop Opening

Greece's major retail trade players are expressing their opposition to a recent decision by the government to keep shops open on 30 Sundays a year.