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

Five ‘Silver Arrow’ Trains to Hit the Rails in Greece Next Year

Trainose's five “Silver Arrow” trains, as of next year will be offering passengers high-speed transport services from Athens to Thessaloniki.

Fraport Greece Regional Airport Upgrades Almost Complete

Fraport Greece has completed 80% of its investment program, with the airports of Thessaloniki, Corfu, Kos, Mykonos and Santorini being last on its project list.

EBRD-backed Destination Management Scheme Sets Greek Tourism Goals

Two destination management plans for Rhodes and Santorini are now open for feedback after the completion of a pilot program by EBRD.

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.