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

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.

Works Underway to Get Skorpios Islet VIP Project Ready

Overhaul works on the islet of Skorpios, located off the Ionian island of Lefkada, have begun and include the establishment of a 160-million-euro exclusive luxury unit.

Greece Lifts Cash Withdrawal Restrictions

Bank account holders in Greece are now free to withdraw any amount of cash from ATM machines and banks, following a Finance Ministry announcement.

Greek Economy Ministry Triples Funding for SMEs in Tourism

Greek small and medium-sized enterprises (SMEs) active in tourism will be able to tap into additional subsidies after the economy ministry announced that it was increasing funding.

Russian Tycoon Ready to Put Private Isle Skorpios to ‘Good Use’

Russian billionaire Dmitry Rybolovlev is ready to set a 185-billion-euro VIP tourism project into motion on the Greek islet of Skorpios.

New Athens-Thessaloniki Super Train Hits the Tracks

Train operator Trainose recently presented its new high-speed passenger train that is planned to run the Athens-Thessaloniki route in less than four hours.

Athens Airport Growing Bigger, New Works in Progress

Construction works to expand the main terminal of Athens International Airport (AIA) in view of ever growing numbers of travelers are currently under way.

Investors Eye Five-star Hotels as Greek Hospitality Market Changes

All the more investors are setting their sights on Greece, as tourism flows increase and businesses with non-performing loans need a way out.

Greek Assets Body Aims to Launch Third Port Privatization Phase in Fall

Following the sale of the Thessaloniki Port Authority, Greece's assets body is aiming to launch the third privatization phase of 10 ports across the country in fall.

Greek Banks Charge Foreign Card Users Extra Fee at ATMs

Greeks and foreigners using credit or debit cards issued abroad to withdraw cash from most Greek bank ATM machines, will be charged an extra 2-3 euros.

Greek Ministry Looking to Double Tourism Venture Funding

The economy ministry is set to announce the allocation of 120 million euros for the funding of tourism ventures and plans to double subsidies.

Hellinikon Metropolitan Park Plan Open for Public Input

Plans for the development of a metropolitan park and recreation area at Athens’ former airport in Hellinikon, have been opened for public consultation.

Tourism, Exports Boost July Business Expectation Index in Greece

Tourism and exports, together with Greece’s exit from its bailout program, have boosted the business expectations index for July.