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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.
Posted On 02 Feb 2017
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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.
Posted On 27 Jan 2017
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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.
Posted On 19 Jan 2017
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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.
Posted On 16 Jan 2017
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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.
Posted On 14 Dec 2016
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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.
Posted On 05 Dec 2016
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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.
Posted On 22 Nov 2016
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President Barack Obama takes a tour of the Acropolis in Athens, Greece, Nov. 16, 2016. Dr. Eleni Banou, Director, Ephorate of Antiquities for Athens, Ministry of Culture, leads the tour. (Official White House Photo by Pete Souza)
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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.
Posted On 17 Nov 2016
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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.
Posted On 16 Nov 2016
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Photo source: @tsipras_eu
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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...
Posted On 15 Nov 2016
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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.
Posted On 14 Nov 2016
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Greek Tourism Confederation President Andreas Andreadis at WTM London 2016.
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WTM 2016: SETE Chief Says Sectors Can Work with Tourism to Boost Greek Economy

Tourism can contribute to further growth and play a crucial role in restoring the Greek economy by involving other sectors, Greek Tourism Confederation (SETE) President Andreas Andreadis said on Monday, ahead of the World Travel Market held in London this week.
Posted On 08 Nov 2016
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Thessaloniki Port Sale Priority for New Shipping Minister

Ensuring the sale of a 67 percent stake in the Thessaloniki port authority moves ahead swiftly and trouble free tops the agenda of new incoming shipping minister Panagiotis Kouroumblis.
Posted On 07 Nov 2016
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IOBE: Greek Economic Mood Boost in October

Consumer confidence and improved services account for October’s bolstered economic sentiment (ESI) in Greece, a Foundation for Economic & Industrial Research (IOBE) survey recently showed.
Posted On 02 Nov 2016
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Impression of Kastelli airport.
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Last-minute Bid by India-based GAL for Crete’s Kastelli Airport

GMR Airports Ltd (GAL) submitted a binding offer - jointly with Greek infrastructure company GEK Terna Group - last week, for the development, operation and management of the new Kastelli international airport in Heraklion, Crete.
Posted On 31 Oct 2016
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Taxman Knockin’ on Greek Hoteliers’ Door

Hoteliers across Greece as well as property owners active in short-term rentals are being crosschecked by the Greek tax authorities in efforts to clamp down on rampant tax evasion.
Posted On 27 Oct 2016
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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.
Posted On 25 Oct 2016
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Six Greek Hotels Go Under, Now in the Hands of Eurobank

Unable to pay off their loans, six Greek hotels are now in the hands of Eurobank, the group’s Head of Group Corporate & Investment Banking, Konstantinos Vassiliou, said this week.
Posted On 20 Oct 2016
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ICAP: Greece’s Airline Market Shows Robust Performance in 2013-2015

Greece’s airline market is seeing steady growth thanks in large part to the improvement of the country’s airport infrastructure and to the expansion of the tourist season, business services group ICAP found in a report.
Posted On 26 Sep 2016
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Hellenikon Project in Greece Gets Parliament Go-ahead

An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a multi-purpose hub, was given the green light by majority vote in Greek parliament.
Posted On 22 Sep 2016
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