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The Euro Turns 20, Prepares to Meet New Challenges

The euro turned 20 on January 1 and since its introduction has been adopted by 19 EU countries; become the second most important global currency; and been used by more than 340 million people.
Posted On 04 Jan 2022
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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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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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Christine Lagarde, Managing Director of the IMF; Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs; Mario Centeno, President of the Eurogroup; and Klaus Regling, European Stability Mechanism Managing Director. Copyright: European Union
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Greece Gets Eurogroup Green Light to Exit Debt Program

Greece will receive its final 15-billion-euro bailout tranche after successfully completing its fourth assessment and will exit its nearly eight-year-long aid program on August 20.
Posted On 22 Jun 2018
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EU Approves €7.16 Billion Bridge Loan to Greece

The 28 member states of the European Union on Friday approved a short-term emergency loan of 7.16 billion euros to Greece allowing the country to meet a huge payment to the European Central Bank (ECB) and repay the International Monetary Fund (IMF).
Posted On 17 Jul 2015
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ECB Raises Funding for Greece By €900 Million, Greek Banks Expected to Reopen Next Week

The European Central Bank has decided to raise financing through the Emergency Liquidity Assistance (ELA) mechanism for Greece by 900 million euros, ECB president Mario Draghi said during a press conference in Frankfurt on Thursday.
Posted On 16 Jul 2015
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Greek Banks to Remain Closed Until Monday, July 13

Greece's "bank holiday" has been extended for another three working days, according to a ministerial decision issued late Wednesday.
Posted On 08 Jul 2015
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Greece Votes ‘No’ in Bailout Referendum, PM Tsipras Announces Next Move

Over 61 percent of Greeks voted “no” to creditors’ austerity terms in Greece's referendum on Sunday. "Our immediate priority is to restore the banking stability to normality", Greek Prime Minister Alexis Tsipras said in a public statement on Sunday night.
Posted On 06 Jul 2015
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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.
Posted On 06 Jul 2015
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Greece Continues to Welcome Tourists but Sees Halt in New Hotel Bookings

Arrivals to Greece are proceeding smoothly, with few cancellations, but new bookings have not been entered in hotel booking systems so far, the president of the Greek Tourism Confederation (SETE), Andreas Andreadis, told Greek SKAI TV on Monday night.
Posted On 30 Jun 2015
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Greece: Tourists Will Have No Problem With Money Transactions

Banks in Greece will remain closed on Monday, June 29, and introduce capital controls after the European Central Bank froze the level of funding support supplied to local lenders.
Posted On 28 Jun 2015
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Greece’s Main Tourism Body Calls On Banks To Support Tourism Businesses

Following the clean bill of health that Greek banks secured from the recent European Central Bank stress tests, the Greek Tourism Confederation (SETE) has called for the real economy to be financed and for healthy and sustainable tourism businesses to receive immediate support.
Posted On 29 Oct 2014
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Opinions Vary On 2012 Greek Tourism Growth

“Tourism went well this year,” Culture and Tourism Minister Pavlos Yeroulanos said during an interview to the Greek press in late December.
Posted On 01 Feb 2012
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Hoteliers Criticize Restaurant VAT Hike

The increase of the VAT for restaurant services in Greek hotels from 13 to 23 percent (a 77 percent hike) would reduce the competitiveness of the country’s tourism product, the Hellenic Chamber of Hotels said recently in an announcement.
Posted On 01 Sep 2011
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ICAP - Strongest Companies in Greece community
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Heronia Travel Joins “Strongest Companies In Greece”

Heronia Travel S.A. announced last month that it has joined the “Strongest Companies of Greece” community, according to the rating score of ICAP Group.
Posted On 01 Mar 2011
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Strongest Companies in Greece - ICAP certificate 2010
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GTP Joins “Strongest Companies In Greece”

International Publications Ltd, publisher of Greek Travel Pages (GTP), was included last month in the “Strongest Companies of Greece” community, according to the rating score of ICAP Group.
Posted On 01 Feb 2011
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Detto Travel among
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Detto Travel Among The “Strongest Companies In Greece”

Detto Travel has been included in the “Strongest Companies in Greece” community announced recently by ICAP Group.
Posted On 01 Nov 2010
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“For the first time in years Greece will continue from where the Olympic Games left off and give Greek tourism a perspective,” Prime Minister George Papandreou said during his keynote speech at the annual Thessaloniki International Fair. Tourism professionals, however, expressed disbelief in regards to how serious tourism is taken by the Greek government. Photo: www.papandreou.gr
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PM Optimistic On Greek Tourism, Professionals Worried

“Greek tourism has been switched to autopilot and left unattended, something that was obvious at this year’s Thessaloniki International Fair (TIF)… We did not hear that Greece would carry out what its competitors are im­plementing, whether that be a promotion campaign or the...
Posted On 01 Oct 2010
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