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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.

Greek PM Visit to China Set to Pave Way for Investments

Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with Chinese officials to attract investment to Greece, during his visit to Beijing in May.

IOBE Trims Greece’s Growth Forecast Due to Lagging Bailout Progress

The Greek economy will grow by up to 1.5 percent in 2017, below January forecasts, as the lingering bailout negotiation process continues to fuel uncertainty.
Posted On 26 Apr 2017

Commission: Fraport Greek Airports Deal in Line with EU Law

Greek government agreements with Fraport Greece for the management of 14 regional airports are in accordance with EU law, the European Commission said.

Delphi Economic Forum II to Focus on Sustainability & Growth

The Delphi Economic Forum II brings academics and scientists to share their "Outlook for Greece and the Region Vision 2020-2030" on March 2-5.
Posted On 22 Feb 2017

Fraport Greece Holds Info Event Ahead of March 15 Airport Takeover

Fraport Greece is ready to take over management of 14 regional airports on March 15 and held a day event recently in order to present its ambitious plans.

Commission: Greek Economy Showing Signs of Sustained Recovery

The Greek economy is showing signs of sustained recovery, according to the European Commission's Winter 2017 Economic Forecast for Greece.
Posted On 13 Feb 2017