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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

Three Months for Greek Tourism Businesses to Install POS Devices

Hotels, travel agencies and car hire businesses across Greece, have three months time to install POS (point-of-sale) devices enabling customers to pay by credit card or face penalties.
Posted On 20 Apr 2017

Greek Islet Fleves Up for Grabs, Two Expressions of Interest

Two investors - an Abu Dhabi-based entity and a Greek group - have expressed interest in the island of Fleves in the Saronic Gulf, off Vouliagmeni Bay.

Coco-mat to Open New 5-star Hotel Near Acropolis

Greece’s Coco-mat Hotels & Resorts has announced plans for the addition of a five-star, 90-room hotel to its Athens roster.

Fraport Steps in as Manager at 14 Greek Airports

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.

Caesars Entertainment Considering Athens for Next Project?

Media reports claim that Caesars Entertainment Corporation is interested in building a massive entertainment complex in Hellenikon, south of Athens.

Fraport, Intrakat Ink Greek Airport Construction Projects Deal

Fraport Greece has entered an agreement with Intrakat for the overhaul works on the 14 regional airports that have come under its management.
Posted On 31 Mar 2017

Greece’s March Economic Sentiment Perks Up, Commission Says

The economic sentiment for the month of March in Greece has shown signs of improvement compared to February, according to European Commission data.
Posted On 30 Mar 2017

Greek Ferry Shipping Traffic Steady for Easter

Ferry shipping traffic for the Orthodox Easter period is expected to record last year’s levels, according to the Greek Shipowners Association for Passenger Ships (SEEN).
Posted On 28 Mar 2017

Consortium to Lend Fraport €1bn to Run 14 Regional Airports in Greece

A consortium of financial institutions will lend Fraport Greece approximately 1 billion euros for the 40-year concession of 14 airports across the country.
Posted On 28 Mar 2017

PM Tsipras, SETE Say Greek Tourism Stronger than Ever

The prospects of Greek tourism and the actions required to keep the momentum going topped the agenda of a meeting held between Greek Prime Minister Alexis Tsipras and Greek Tourism Confederation (SETE) President Andreas Andreadis.

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.

SETE Chief Says Greece Tourism Revenue May Rise by 9% in 2017

Greece may see its revenue rise by as much as 1 billion euros in 2017, according to Andreas Andreadis, the president of the country’s tourism body, SETE.

Greek Golden Visa Attracting Chinese, Russian Investors

Investors from China benefited most from Greece’s golden visa program which offers 5-year residency rights in return for investments over 250,000 euros.
Posted On 23 Feb 2017

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

Greek Hospitality Sector Welcomes 5-star Hotel Boom

Greece’s hospitality industry is seeing all the more 5-star hotels at major destinations across the country, offering visitors high quality services and at the same time attracting higher income travelers.
Posted On 13 Feb 2017

Greek Hoteliers Discuss Challenges at 6th General Assembly

Greek hoteliers discussed the challenges of the industry during the Hellenic Chamber of Hotels' 6th general assembly on Friday.
Posted On 10 Feb 2017

New Owner to Take Over Capsis Hotel on Rhodes

The historic luxury Capsis Hotel on Rhodes has now slipped into the ownership of entrepreneur Nikos Koutras for the amount of 30 million euros.
Posted On 10 Feb 2017