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Travel & Tourism industry news. A Service by Greek Travel Pages (gtp)
 

Greek Govt Mulls Loosening Capital Controls

In efforts to facilitate business transactions, the Greek government is reportedly considering easing capital controls by the end of May.

Greece Lifts Cash Withdrawal Restrictions

Bank account holders in Greece are now free to withdraw any amount of cash from ATM machines and banks, following a Finance Ministry announcement.

New Bank Limits in Greece, Withdrawals Now at €5,000

Bank account holders in Greece can as of June 4 withdraw a total of 5,000 euros per month from ATM machines and banks, according to a finance ministry decision.

Greece Examines Lifting Banking Limits After Bailout Exit

As Greece prepares to exit its bailout program in August, the government is looking into ways to further ease and ultimately lift capital controls.

Greek Finance Minister Eases Capital Controls

Individuals wishing to open a new bank account can now do so after a decision by Greek Finance Minister Euclid Tsakalotos to further ease capital controls.

SETE: Quality Over Quantity Key for Future of Greek Tourism

Over-taxation, no capital controls and upgrading infrastructure are vital to ensuring a healthy future for Greek tourism, says SETE chief Yiannis Retsos.

Greece to Ease Capital Controls as of Sept. 1

Account holders can as of Sept. 1 withdraw a monthly total of 1,800 euros in cash following a Greek finance ministry decision to ease capital restrictions.

Strikes in Greece Prompt UK Travel Advisory

The United Kingdom's Foreign Office recently issued a travel advisory alerting British tourists about strike action in Greece.

Greek Finance Ministry Eases Capital Controls

The Greek finance ministry announced the further relaxation of capital controls, which have been in effect in Greece since June 2015.

UNWTO Chief Applauds Greece’s Progress in Tourism

Greece is making excellent progress in tourism, UNWTO Secretary General Taleb Rifai said to the President of the Hellenic Republic Prokopis Pavlopoulos on Wednesday in Athens.

Greek Tourism Afloat Despite Capital Controls, Minister Kountoura Shares Experience

Tourism Minister Elena Kountoura shared the Greek experience in managing crises, during the International Travel Crisis Management Summit (ITCMS) that took place on Thursday at the Haberdashers' Hall in London.

KEPE: Six Ways to Leave Capital Controls Behind Us

If Greece wants to regain investor confidence, which will in turn attract investment and thus lead to economic recovery, capital controls must become a thing of the past, the Center of Planning and Economic Research (KEPE) said in a report.

Greece Eases Capital Controls, Now in Effect

In efforts to boost confidence in the country’s banking system, pave the way for new deposits and allow leeway for business transactions abroad, the Greek government has further relaxed capital controls.

Latest Capital Control Changes for Greece

Greek Finance Minister Euclid Tsakalotos approved the further relaxation of capital controls last Friday in efforts to efforts to boost confidence in the country’s banking system and pave the way for new deposits.

Capital Controls in Greece Scaled Back Some More

Greece’s international lenders have indicated that they will go ahead and approve the further relaxation of capital controls imposed on June 28 last year in efforts to boost confidence in the country's banking system and bring back more than 15 billion euros in “elusive”...

Toll of Capital Controls in Greece a Year Later

Capital controls, which were implemented in the summer of 2015 amid Greek political havoc and eurozone uncertainty and restricted access to personal deposits, are still with us a year later.

Katseli: Greece could Lift Capital Controls by End of the Year

Greece could lift most or all capital controls imposed on bank deposits by the end of the year, under certain conditions, according to the head of the Hellenic Bank Association, Louka Katseli.

IATA Honors Greek Branch with ‘Six Stars’ Award

The International Air Transport Association (IATA) recently rewarded its Greek branch with a "Six Stars" award for its contribution to a successful management of the Greek capital controls crisis.

Katseli: Greece could Lift Capital Controls within Months if Three Terms are Met

Capital controls in Greece could be lifted soon if three important terms are met, Hellenic Bank Association head Louka Katseli said on Tuesday on the sidelines of the Greece-Germany Business Forum in Berlin.

Greece: Capital Controls Still On, Central Bank Calls on ECB to Show ‘Good Will’

Despite several changes announced last week to the capital controls which were implemented in July 2015 amid Greek political havoc and eurozone uncertainty, bank officials say the restrictions to our personal deposits will be with us most likely until the end of 2016.
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