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Travel & Tourism industry news by Greek Travel Pages (gtp)

Athens Moves Up As Good Property Purchase Choice

Property in the Greek capital is evolving into an attractive investment option with buyers seeing prospects for higher value and rents next year, a PwC report reveals.
Skyscrapers at Hellinikon
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Greek Minister Confirms Six Skyscrapers to Go Up at Hellinikon

Greek Development Minister Adonis Georgiadis has confirmed that six skyscrapers will be erected in Hellinikon on the Athenian Riviera.

Hellinikon and Skyscrapers Get Green Light

Greece’s highest court has approved a presidential decree covering the terms of the Hellinikon master plan, including the construction of six skyscrapers along the Athenian Riviera.

Hellinikon Mega Project Incoming Gov’t Priority

The long delayed "Hellinikon" project for the development of Athens' former airport into a multipurpose hub, has moved to the top of the new Greek government’s agenda.

IOBE Scales Back Greek GDP Growth Outlook to 1.8%

The Greek economy is set to grow by 1.8 percent this year, the Foundation for Economic & Industrial Research (ΙΟΒΕ) said, revising downward its previous forecast.

Fraport CEO: Greece’s Regional Airport Upgrades Completed by 2021

The 14 Fraport-run airports across Greece are slated to be completed in 2021, according to the company’s CEO Alexander Zinell.

Lamda: Hellinikon Project Up in the Air

Lamda Development is claiming that the Greek government is creating “insurmountable obstacles” to its Hellinikon mega investment, putting the whole project at risk.

Lamda Blames Greek Government for Hellinikon Project Delays

Lamda Development, the consortium to take on the urban development of Athens’ former airport in Hellinikon, claims that delays on the project were strictly a result of government stalling.

Hellinikon Casino Licensing Bid Again Delayed to July 31

The Hellenic Gaming Commission has approved the extension of the international tender for a casino license at Hellinikon to July 31.

Greek Property Market on Road to Recovery

Greece’s property market is showing signs of recovery with prices rising by 4 percent in the first three months of 2019, according to the Bank of Greece.

Long-term Rental Property Market in Athens Gaining Lost Ground

Athens' rental property market is picking up pace after the economic crisis and the onslaught of short-term rental options, says Eurobank Property Services.

Deloitte Says Technology to Transform Property Market Practices

Evolving technology, faster processing, wider data collection and new business models are set to stimulate the property market, according to Deloitte.

IOBE: Risk of Economic Slowdown in Greece for 2019

If Greece fails to free up productive forces through structural reforms, there will be a quick return to recession, according to the IOBE think tank.

Home Sharing Breathes Life into Underdeveloped Athens Neighborhoods

The growing Airbnb phenomenon in Greece is now penetrating underdeveloped neighborhoods in Athens, breathing life and creating new conditions of safety and business activity.

Fraport Greece Reports Progress at 14 Regional Airports

Fraport Greece has completed works at the airports of Zakynthos, Kavala and Chania, and is moving full speed ahead with more upgrade projects at another six airports.

Greek Authorities Pull in Tax-dodging Airbnb Proprietors

Tax authorities in Greece have reeled in 38 Airbnb owners, who failed to declare some 23,222 euros in earnings from home-sharing practices in 2018.

Greek Gov’t to Name Financial Advisor for 23 Smaller Airport Projects 

The Greek Transport Ministry will name a financial advisor in the coming period to move ahead with the exploitation of 23 smaller airports across Greece.

RE/MAX: Greek Property Market Diversifies in 2018

An investor-friendly environment combined with a steady taxation framework are expected to set the pace of Greece’s property market in the upcoming period.

Fraport Greece Traffic Revenue Rise Boosts Mother Company Profits

Fraport’s Greece and Brazil airports accounted for two-thirds of the parent company’s increase in revenue last year, which rose by 18.5 percent to almost 3.5 billion euros.

Small Number of Greece’s Businesses Bearing the Tax Burden, Says Grant Thornton

A mere 10 percent of Greece’s businesses are paying 88 percent of total taxes, according to a study presented by Grant Thornton.