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

Tax Policies Taking Toll on Greece’s Competitiveness

Greece is once again lagging behind in competitiveness hindered by its inflexible tax policies, according to the International Tax Competitiveness Index 2019.

Greek Business Bodies: Restoring Market Trust Key After Banking Limits Lift

Greek business and trade bodies are expressing satisfaction with the government’s decision to do away as of September 1 with capital restrictions.

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.

Greece Examining Full Lift of Banking Restrictions

The Greek government is reportedly expected to lift all banking restrictions - in place since June 2015 – in the coming fall.

EBRD – SETE Team Up for Destination Management Project

Greece's tourism confederation SETE has joined forces with the EBRD for a pilot destination management plan running on the islands of Rhodes and Santorini.

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.

SEV: Production, Employment Hinge on Moderate Taxation

High taxation on households and businesses cannot drive growth and is putting a brake on Greece’s prospects, according to the Hellenic Federation of Enterprises (SEV).

Local Banks Extend ATM Surcharge to Greek Non-customer Card Users

Greek debit card users will - as of July 20 - be charged an extra fee for the use of ATM machines at banks in which they do not have an account.

Greece Tumbles Near to Last on IMD Competitiveness List

Greece still needs to do plenty to become a competitive economy, as the country is almost last on the IMD World Competitiveness Ranking list for 2019, at number 58 out of 63 world economies.

Greek Island Residents Can Now Claim Air Transport Discounts

Discounts for island residents, under the so-called "transport equivalent” program - known as “metaforiko isodynamo” (MI) - have now been extended to air travel.

High-speed Train Ready to Run Athens-Thessaloniki Route Under 4 Hours

Trainose's new high-speed passenger train will soon run the Athens - Thessaloniki route in less than four hours.

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.

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 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.

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.

Greek Gov’t Plans to Extend Remote Island Discounts to Air Transport

Air travel will be included in Greece's transport equivalent program, which offers special discounts for the transportation of goods and people to/from 49 remote Greek islands.

Report: Thessaloniki Port Could Boost Balkan Activity

Thessaloniki Port, the second largest container port in Greece, can boost activity in the Balkan region and Southeastern Europe, once upgrade works are completed.

Greek Entrepreneurs Less Optimistic, Says Grant Thornton Study

Deteriorating optimism among the country’s entrepreneurs has landed Greece at the bottom of a list of 35 countries in the latest Grant Thornton International Business Report (IBR).

Greek Think-tank Finds 2018 Economic Climate Improved

The economic climate in Greece improved in 2018 compared to the previous year, as did household expectations, the Foundation for Economic & Industrial Research (IOBE) said.