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

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.

Greece Set to Receive €2bn in EBRD Funding by 2018

Greece will receive up to 2 billion euros in European Bank for Reconstruction and Development funding by 2018. The financial institution will continue investing until 2020.

Greece Retail Trade Opposed to Sunday Shop Opening

Greece's major retail trade players are expressing their opposition to a recent decision by the government to keep shops open on 30 Sundays a year.

Greek PM Visit to China Set to Pave Way for Investments

Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with Chinese officials to attract investment to Greece, during his visit to Beijing in May.

IOBE Trims Greece’s Growth Forecast Due to Lagging Bailout Progress

The Greek economy will grow by up to 1.5 percent in 2017, below January forecasts, as the lingering bailout negotiation process continues to fuel uncertainty.

Commission: Fraport Greek Airports Deal in Line with EU Law

Greek government agreements with Fraport Greece for the management of 14 regional airports are in accordance with EU law, the European Commission said.

Delphi Economic Forum II to Focus on Sustainability & Growth

The Delphi Economic Forum II brings academics and scientists to share their "Outlook for Greece and the Region Vision 2020-2030" on March 2-5.

Fraport Greece Holds Info Event Ahead of March 15 Airport Takeover

Fraport Greece is ready to take over management of 14 regional airports on March 15 and held a day event recently in order to present its ambitious plans.

Commission: Greek Economy Showing Signs of Sustained Recovery

The Greek economy is showing signs of sustained recovery, according to the European Commission's Winter 2017 Economic Forecast for Greece.

Greece Economy Suffers, Business Creation Down by 50%

Tourism aside, Greece is still unable to restore its ailing economy to health, according to a 50% drop in the number of new companies established in 2016.

Insecurity, Lagging Negotiations Dampening Investment Climate in Greece

The IOBE think tank expects Greece’s investment climate to be affected by the lingering insecurity due to ongoing bailout negotiations.

FS Italiane Now Owns Greek Railway Operator Trainose

Greek train operator Trainose was recently sold to Italian state railway group Ferrovie dello Stato (FS) Italiane for a sum of 45 million euros.

Lingering Debt Talks Keep Greece Tourism Officials Alert

Greek tourism officials are expressing concerns that constantly stalled bailout negotiations are bound to take a toll on the sector particularly now, the beginning of the summer booking season.

Greek PM Pledges Relief Measures for Island Communities

Greek Prime Minister Alexis Tsipras pledged to upgrade infrastructure, redesign coastal shipping, enhance transportation, support agriculture and local production, and boost local entrepreneurship in efforts to improve the standard of living on Greek island communities.

E. Aegean Islanders Ringing Alarm Bells Ahead of 2017 Tax Hikes

Eastern Aegean island professionals are ringing alarm bells in view of VAT tax hikes to take effect January 1 and are calling on the government to apply taxation rates that were applicable in 2015.

Greek Hoteliers Seeking Ways to Offset ‘Stayover Tax’

The Hellenic Federation of Hoteliers (POX) is negotiating package deals for 2018 with tour operators in efforts to find ways to offset a new levy that will be charged on Greek accommodation units as of 2018.

Minister Kountoura Invites Obama to Holiday in ‘This Small, Great World’

Tourism Minister Elena Kountoura invited US President Barak Obama to spend his next holidays in Greece, during the dinner held in his honor in Athens recently.

Greece-US Partnership at a Glance

On occasion of President Barak Obama’s visit to Athens this week, the Greek Travel Pages (GTP) looks at key points of Greece’s relations with the United States.

Obama in Athens: Equal Chances for the Young, Meaningful Debt Relief

US President Barak Obama arrived in Athens on Tuesday bringing a message of support and hope as he had pledged ahead of his visit from the White House: austerity does not bring prosperity, and the young must have equal opportunities, he said after meeting with Prime Minister...

Greece Readies for US President Obama Visit

Outgoing US President Barack Obama will be in Athens on Tuesday and Wednesday, and will meet with government officials to discuss among other things ways for Greece to be given “meaningful debt relief” in efforts to offer the Greek people hope.