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Greece's latest tourism industry news by Greek Travel Pages

Greece has Most Closed Economy in the EU, Says Fraser Institute Report

Greece ranks last among the 27 EU countries in the Economic Freedom of the World report released by the Frazer Institute.

PM Revises Upward Greece’s 2021 Economic Growth Forecast to 5.9%

Greece’s economic growth forecast for 2021 has been revised upwards from 3.6% to 5.9%, Prime Minister Kyriakos Mitsotakis announced.

Minister: First Support Funds for Tourism Enterprises Next Month

Alternate Development Minister Yannis Tsakiris has announced that the first funds to tourism enterprises seeking support will be released in early September.

Greek Tourism Enterprises Stand to Gain from EU Recovery Funds in Three Ways

Greek tourism and the hospitality sector in particular stand to gain from support allocated to Greece as part of the EU’s Recovery Fund.

Greek Carrier AEGEAN Suffers Q1 Losses Due to Covid

Greece’s national carrier AEGEAN said consolidated revenues in Q1 2021 dropped by 70% to 44.3 million euros against the same quarter in 2020.

Commission Revises Upward Greek Economy Growth Outlook for 2021-22

The Greek economy is expected to expand by 4.3 percent this year and 6 percent in 2022, the European Commission said.

Study: European CFOs See Post-Covid Recovery Ahead

Senior financial executives from across Europe, including Greece, are expressing increasing optimism that the Covid-19 pandemic is on its way out, a Deloitte survey reveals.

FinMin: OECD Greece Outlook Signals Trust in Greek Economy

The findings of a new OECD report send out a message of trust in the prospects of the Greek economy, according to Greek Finance Minister Christos Staikouras.

OECD Expects Gradual Recovery for Greek Economy in 2021

The Greek economy is set to recover gradually next year and projected to accelerate in 2022, according to the latest OECD Economic Outlook report.

Covid-19 Hits Greek Tourism Industry Full Force, Says ICAP Study

Greece’s tourism industry has felt the brunt of the Covid-19 pandemic and is expected to record losses of up to 66%, according to an ICAP study.

Covid-19 Puts a Brake on Greece’s Golden Visa Scheme

Greece’s golden visa program has seen an impact due to the Covid-19 pandemic with the number of visas and residence permits having dropped significantly since the start of 2020.

Commission Sees 9% Slowdown in 2020 for Greece Due to Covid-19

The European Commission revised down its initial growth forecast for Greece to 9% percent in 2020, due to the impact of the pandemic on tourism and exports.

EU Downgrades 2021 Growth Forecast Due to Covid-19 Resurgence

The European Commission has downgraded its 2021 growth forecast as one by one member states enter second lockdowns due to the Covid-19 pandemic.

Survey: Global Shoppers Show ‘Appetite’ for Travel

Over half of the world’s shoppers are keen on returning to travel overseas despite Covid-19, says a survey by tax free shopping provider Global Blue.

Mohegan Makes Surprise Offer for Athens Casino

US gaming giant Mohegan has offered 150 million euros for the 30-year right to operate Greece's first integrated resort and casino in Hellinikon on the Athenian Riviera.

Microsoft Deal Paves Way for Major Investments in Greece

Greece is proceeding with major investments in the areas of tourism, energy and technology, with the recently announced Microsoft deal leading the way.

EBRD: Slow Economic Recovery Due to Covid-19 Uncertainty

The EBRD estimates that Greece's GDP will shrink by 9.5 percent in 2020 and record a 4 percent recovery in 2021.

Hybrid Events Gaining Ground, Vital for Greek Tourism Recovery

Hybrid events combining live participation and a virtual component are gaining ground and set to become the next big thing in MICE events.

Greek Court Rules Hard Rock Out of Hellinikon Casino Game

Greece’s highest court has issued its final decision and ended a legal conflict over the 30-year permit to run a casino at the Hellinikon area in Athens.

OECD: Better Outlook but Covid-19 Risks and Uncertainty Still High

The OECD has revised its outlook for 2020, predicting a smaller recession of the global economy and slightly greater potential for growth.