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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.

Toll of Capital Controls in Greece a Year Later

Capital controls, which were implemented in the summer of 2015 amid Greek political havoc and eurozone uncertainty and restricted access to personal deposits, are still with us a year later.

Piraeus Chamber Wary of Brexit Backlash on Greek Tourism, Trade

The dwindling rate of the British pound and the possibility of imposed customs duties may impact foreign trade between Greece and the UK, leading to a potential loss of some 2.3 billion euros and of 2 billion euros in tourism, the Piraeus Chamber of Commerce and Industry (PPCI)...

UK Votes EU Away, Fears of Domino Effect Linger

Europe appears to be shocked at the decision of UK citizens to leave the EU voting by 51.9 percent for an exit while conservative parties across the 28-member bloc are now calling for referendums in their countries placing European unity at risk.

Promoting Greece Top Priority for Fraport Airports Manager

Promoting Greece into a leading destination is at the top of Frankfurt-based transport group Fraport’s agenda after taking over the management of 14 regional airports across the country late last year, said its CEO Stefan Schulte.

Greece Country Brand Running Low, Study Says

Days after Prime Minister Alexis Tsipras pledged to double spending on the promotion of Greece abroad, adding that the country brand is its “intangible asset”, a study by Canada’s Carleton University reveals that Greece’s brand name is no longer opening doors to business.

China, Crete Shake Hands on Tourism, Culture & Trade Exchange

Crete Governor Stavros Arnaoutakis and his Chinese counterpart from the region of Guangxi, Chen Wu, recently signed a treaty of friendship and cooperation.

Greece Competitiveness Slumps in IMD 2016 Rankings

Greece’s competitiveness ranking plunged by six spots bringing it in the 56th position among a total of 61 countries, according to the International Institute for Management Development (IMD) yearbook 2016 results released on Monday.

Athens Ledra Hotel Announces Closure

ASTY S.A., the owning company of the central Athens Ledra Hotel, announced the closure of the 314-room establishment, as of Tuesday, May 31.