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Greece's latest tourism industry news by Greek Travel Pages (gtp)

EU Recovery Fund Approval in Germany Halted

Hours after its approval by German lawmakers, a 750-billion-euro EU Covid-19 recovery fund was temporarily blocked by the German Constitutional Court.

Eurogroup Releases €767m in Funding for Greece

Eurogroup has approved the release of 767 million euros of debt relief for Greece, as part of the country's post-bailout program.

Greek Minister Pledges Support for the ‘People in Tourism’

Tax breaks and job support are among the measures taken by the Greek government to help tourism professionals impacted by the Covid-19 crisis.

EU Covid-19 Recovery Funding to Go into Green and Digital Investments

The European Commission presented its 2021 Annual Sustainable Growth Strategy that includes a set of goals to be met through the use of 672.5 billion euros in financial aid.

Greece Sets Recovery Fund Priorities for Tourism After Covid-19

Reigniting investment interest, infrastructure upgrades, sustainable tourism growth are priority areas to benefit from Greece’s share of EU recovery funds.

European Commission: Long Road Ahead for EU Recovery

European Commission President Ursula von der Leyen said planned cuts in the Union’s upcoming long-term budget will be a “difficult pill to swallow".

PM: Greece Gets €70bn in EU Covid-19 Recovery Funding

Greece secured at least €70 billion in funds to address the repercussions of the Covid-19 pandemic from an EU recovery plan of €750 billion agreed on in Brussels.

Covid-19 Recovery Plan Tops EU Leaders’ Meeting

Reaching an agreement on the Commission’s proposed coronavirus rescue fund dubbed “Next Generation EU”, topped the agenda of a recent EU leaders meeting.

FinMin: Greece Doesn’t Need ESM Covid-19 Credit Line

Greece has no need to resort to European Stability Mechanism (ESM) loans to deal with the coronavirus impact, says Greek Finance Minister Christos Staikouras.

Greece Lays Out Plan to Make Best Use of EU Emergency Funding

The Greek government is looking to put 22.5 billion euros in EU subsidies, aimed at addressing the impact of Covid-19, to immediate use.

Commission Tables Covid-19 Recovery Plan to Kick-start EU Economy

Τhe European Commission has announced its proposal for a new recovery tool that will help boost jobs and growth of EU economies impacted by Covid-19.

ESM Credit Line Now Open, Greece Could Save up to €800m

Greece could save up to 800 million euros in interest rates over the next decade, if it chooses to use the European Stability Mechanism's (ESM) credit line.

EU Announces Covid-19 Pandemic Credit Line

European Union finance ministers have agreed to open a 240-billion-euro credit line to member states in efforts to mitigate the impact of the Covid-19 pandemic on EU economies.

Covid-19: Eurogroup Agrees on €500bn Rescue Plan for Workers, Businesses and Public Finances

EU finance ministers agreed on a 500-billion-euro rescue package for member-states to deal with the effects of the Covid-19 pandemic.

Eurogroup: Transport and Tourism to Receive Economic Coronavirus Response

Transport and tourism are among the severely affected sectors in the EU that are to receive liquidity support to tackle the economic impact of the coronavirus.

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.

Eurogroup: Greece Gets New Lease on Life, Tourism, Business Sectors Relieved

Greece clinched additional loans from its international creditors to the tune of 10.3 billion euros on Wednesday, while Eurogroup finance ministers agreed to offer debt relief extending the repayment period and capping interest rates.

Greece Suggests 13% VAT Rate for Hotels in its Bailout Proposal to Creditors

A value-added-tax (VAT) rate of 13 percent on Greek hotels and the elimination of discounts on the country's most popular islands, are included in the proposal the Greek government submitted to its international creditors on late Thursday, in hope of reaching an agreement on a...

Eurogroup: Referendum Result ‘Very Regrettable’ for Future of Greece

"I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece", Jeroen Dijsselbloem, head of the Eurogroup, said in a statement following a 'no' vote in a Greek bailout referendum.

VAT Rate on Greek Hotels: Lenders Want 23%, Greece Says 13%

Greece's creditors seem determined to impose the value-added-tax (VAT) rate of 23 percent on both accommodation and food services and do away with the reduced VAT rate that currently applies to the Aegean islands.
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