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

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.

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.

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.

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.

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.

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.

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.

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.

Hellenikon Project to Bring in €14.1bn in Tax Revenue, Report Says

The massive and highly anticipated Hellenikon project along the Athenian Riviera is expected to boost state coffers by some 14.1 billion euros in tax revenues between 2016 and 2041, according to the Athens-based Foundation for Economic and Industrial Reseaerch (IOBE).

Greece Eases Capital Controls, Now in Effect

In efforts to boost confidence in the country’s banking system, pave the way for new deposits and allow leeway for business transactions abroad, the Greek government has further relaxed capital controls.

Stournaras: Tourism, Reforms, Key to Bringing Greece Out of the Tunnel

Tourism, reforms and privatizations are key to bringing Greece back into the game, Greek Central Bank Governor Yannis Stournaras said last week, expressing his optimism that faith is being restored in the Greek economy.

Latest Capital Control Changes for Greece

Greek Finance Minister Euclid Tsakalotos approved the further relaxation of capital controls last Friday in efforts to efforts to boost confidence in the country’s banking system and pave the way for new deposits.

Athens Airport Concession Deal to Be Finalized in Fall

The Greek government is set to complete concession talks for Athens International Airport (AIA) in September, assets agency head Stergios Pitsiorlas, said earlier this week.

Capital Controls in Greece Scaled Back Some More

Greece’s international lenders have indicated that they will go ahead and approve the further relaxation of capital controls imposed on June 28 last year in efforts to boost confidence in the country's banking system and bring back more than 15 billion euros in “elusive”...

Audit Forces Pose as Mystery Guests at Greek Hotels to Nose Out Tax Evaders

Dozens of hotels across Greece will be “accommodating” a new team of so-called mystery guests on a mission to expose businesses that are tax evading.

Greek Tourism Enterprise Body GEPOET Talks Business in China

In efforts to promote the interests of its members, the General Panhellenic Federation of Tourism Enterprises (GEPOET) explored the potential of working together with Chinese sector professionals during Greek Prime Minister Alexis Tsipras’ recent visit to China.

Tourism, Infrastructure Top Greece-China Team Work

Tourism and infrastructure will be at the top of the Greece-China agenda of collaborative efforts, Economy, Infrastructure, Shipping and Tourism Minister Giorgos Stathakis said during a business forum on shipping held in Beijing.

Cosco to Dish Out Extra €500m for Piraeus Investment

Chinese shipping giant Cosco will dish out some 500 million euros over and above the paying price for the port of Piraeus, its managing director, Xu Lirong, said this week during talks with Greek Prime Minister Alexis Tsipras, who is in China on an official five-day visit to...

Greece-China Shake Hands on Culture, Science, Exports & Tourism

With the sale of a majority stake in the Port of Piraeus to Chinese shipping giant Cosco at the center of talks, Greek Prime Minister Alexis Tsipras sealed on Monday a number of deals with Chinese officials during his five-day visit this week to Beijing and Shanghai, aiming to...

Greek Tourism, Trade Sector Bodies Call for Turn to E-transactions

Greece’s tourism and trade sector bodies are calling on the government to push for the implementation of electronic transactions in efforts to cut operational costs for both businesses and government and to tackle tax evasion.