The Commission is forecasting 6% growth for Greece this year, double the eurozone average, but sees high energy costs and inflation leading to a considerable slowdown to 1% in 2023.
Robust tourist flows to Greece in August increased turnover for accommodation and F&B services providers by 24.3%, according to the Hellenic Statistical Authority (ELSTAT).
Turnover for Greek businesses increased by 32.3% in the first six months of the year compared to pre-Covid 2019 driven by tourism, manufacturing and inflation, shows data by the Hellenic Statistical Authority (ELSTAT).
Increasing tourism flows to Greece drove restaurant and hotel turnover in June up by 141.4% compared to the same month in 2021, according to data by the Hellenic Statistical Authority (ELSTAT).
The Greek economy is forecast at growing by 5.5% in 2022, driven by tourism, despite the consequences of the Covid-19 pandemic, says independent economic research company Capital Economics.
A number of proactive actions to support Greek tourism are included in a roadmap for Greece's recovery, proposed by a committee chaired by Nobel Prize-winning economist Christopher Pissarides.
A single taxation policy for all incomes is at the center of a plan for Greece's economic recovery, proposed by a committee headed by Nobel Prize-winning economist Christopher Pissarides.
The Greek government has tabled a 14-point interim growth plan for public consultation, with recommendations on the overhaul of the country's pension system.
The ease of doing business in Greece is improving but at a very slow pace and with inadequate steps, according to the Hellenic Federation of Enterprises (SEV).
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.
Heavy taxation continues to be the leading obstacle to growth in Greece, according to data released by the Organization for Economic Cooperation and Development (OECD).
Overhaul works on the islet of Skorpios, located off the Ionian island of Lefkada, have begun and include the establishment of a 160-million-euro exclusive luxury unit.
