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

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.

OECD: Steep Taxation Taking Toll on Greece’s Growth

Heavy taxation continues to be the leading obstacle to growth in Greece, according to data released by the Organization for Economic Cooperation and Development (OECD).

EBRD Remains Committed to Greece, 2018 Funding Reaches €846m

European Bank for Reconstruction and Development (EBRD) shareholders agreed to extend its mandate in Greece through to 2025.

Transport Discounts Now Applicable on All Greek Islands

All Greek island residents can now claim transportation discounts as part of the “transport equivalent” measure, according to an announcement by the shipping ministry.

Revision to Greek Casino Law Paves Way for Hellinikon Project, Minister Says

An amendment to a law on the licensing terms for casino operations in Greece is expected to set the Hellinikon development project into action.

Ongoing Casino Negotiations Impeding Hellinikon Project Works

The Hellinikon project has been deferred to the end of 2019, due to negotiations for the establishment of a casino on the premise.

Shipping Minister: Corfu-Othoni Islands Ferry Link Set for 2019

Greek Shipping Minister Fotis Kouvelis announced that a ferry route linking the Ionian island of Corfu with the Othoni islands would launch at the start of 2019.

Lampsa Takes Over Sheraton Rhodes Resort

Lampsa SA has completed the acquisition of Τouristika Theretra SA - owners of the Sheraton Rhodes Resort - and will proceed with its full consolidation by the end of the year.