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Greece Allocates €33.7m to Coastal Shipping, Island Entrepreneurship

The Greek Shipping Ministry will allocate 33.7 million euros to support island entrepreneurship and coastal shipping in the aftermath of the Covid-19 pandemic.
Posted On 27 Apr 2020
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A Year After Bailout Exit, Commission Says Greece Making Progress

The European Commission issued a statement, marking the one-year anniversary of Greece’s exit from a nearly eight-year-long aid program.
Posted On 21 Aug 2019
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Greek Island Residents Can Now Claim Air Transport Discounts

Discounts for island residents, under the so-called "transport equivalent” program - known as “metaforiko isodynamo” (MI) - have now been extended to air travel.
Posted On 21 May 2019
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Athens, Syntagma square. Photo: Visit Greece / H. Kakarouhas
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Transport, Exports Offset Greece’s Current Account Deficit in February

Greece’s current account deficit in February came to 990 million euros, down by 407 million euros year-on-year, according to the country's central bank.
Posted On 22 Apr 2019
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pixabay
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Greek Gov’t Plans to Extend Remote Island Discounts to Air Transport

Air travel will be included in Greece's transport equivalent program, which offers special discounts for the transportation of goods and people to/from 49 remote Greek islands.
Posted On 15 Mar 2019
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pixabay
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Study Reveals how Greece can Attract Foreign Direct Investment

Greece can achieve growth by tapping into the manufacture of aircraft and ships - areas that attract foreign direct investment, according to a study carried out by IHS Markit.
Posted On 05 Feb 2019
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Transport Discounts Now Applicable on All Greek Islands

All Greek island residents can now claim transportation discounts as part of the “transport equivalent” measure, according to an announcement by the shipping ministry.
Posted On 03 Jan 2019
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pixabay
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Bank of Greece: Tourism Revenue Rising, Up to €1.4bn in October

Tourism revenues rose to 1.41 billion euros in October 2018, from 1.19 billion euros during the same period last year, according to the Bank of Greece.
Posted On 21 Dec 2018
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Photo Source: @Grecotel Hotels & Resorts
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ICAP Study: Tourism Enterprises Among Greece’s Most Profitable

Tourism enterprises hold leading positions among Greece’s 500 most profitable businesses for 2017, according to an ICAP study.
Posted On 19 Dec 2018
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Shipping Minister: Corfu-Othoni Islands Ferry Link Set for 2019

Greek Shipping Minister Fotis Kouvelis announced that a ferry route linking the Ionian island of Corfu with the Othoni islands would launch at the start of 2019.
Posted On 19 Oct 2018
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Photo Source: @European Commission
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Tsipras: ‘Liberation Day’ for Post-bailout Greece

Greek Prime Minister Alexis Tsipras described August 20, as a day of liberation for Greece, as the country completed its nearly eight-year rescue period.
Posted On 21 Aug 2018
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Photo Source: ESM / iStock.com JacobH
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Greece Exits Bailout Era Amid Uncertainty, Betting on Regaining Trust

August 20 marks Greece’s exit from a nearly eight-year-long aid program.
Posted On 20 Aug 2018
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Valdis Dombrovskis, vice-president for the Euro and Social Dialogue and Pierre Moscovici, European Commissioner for Economic and Financial Affairs. Photo Source: European Union , 2018 / Benas Gerdziunas
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EU Approves of ‘Enhanced Surveillance’ for Post-bailout Greece

The European Commission presented an “enhanced surveillance" framework in order to support Greece in its post-bailout efforts to return to “normalcy”.
Posted On 11 Jul 2018
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Greek Islanders Can Now Claim Transport Discounts

Residents of 49 Greek islands can now claim transportation discounts as announced earlier this year, by registering on the newly launched "Metaforiko Isodynamo" platform.
Posted On 10 Jul 2018
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European Commissioner for Economic and Financial Affairs Pierre Moscovici. Photo Source: @ Pierre Moscovici
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Minister Calls on Moscovici to Include Greek Tourism in EU Budget Planning

Tourism Minister Elena Kountoura called on European Commissioner Pierre Moscovici to include Greek tourism in the planning of the EU budget beyond 2020.
Posted On 04 Jul 2018
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European Economic and Monetary Affairs Commissioner Pierre Moscovici. © European Union, Photo: Lukasz Kobus
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Moscovici: No More Bailout Plans for Greece, Just Supervision

Greece will leave bailout programs behind and move ahead with growth under surveillance, according to European Economic and Monetary Affairs Commissioner Pierre Moscovici.
Posted On 17 Apr 2018
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The Acropolis, Athens. © GTP
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Tourism Offsets Greece’s Current Account Deficit

Greece’s current account recorded a deficit of 1.5 billion euros in 2017 down by 418 million euros year-on-year, with travel receipts slightly increasing.
Posted On 21 Feb 2018
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Milos Island. Photo Source: http://likenoother.aegeanislands.gr/
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Aegean Island Mayors Appeal to European Parliament Over VAT

The mayors of the North and South Aegean islands have appealed to the European Parliament over the abolition of a special tax status applicable until now.
Posted On 30 Jan 2018
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Kastelorizo ©Haris Vythoulkas/ Shutterstock
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Greek Tourism Sector to Shoulder Tax Burden in 2018

Greece’s tourism sector is set to bear the brunt of the country’s economic recovery according to the economy ministry’s latest set of measures set to take effect in 2018.
Posted On 27 Dec 2017
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Greek Island VAT Rise Not Bringing in Gains

Revenue from the elimination of a special tax status applicable on a number of Greek islands has proven disappointing, according to an October tourism survey.
Posted On 14 Nov 2017
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