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

Greece Tumbles Near to Last on IMD Competitiveness List

Greece still needs to do plenty to become a competitive economy, as the country is almost last on the IMD World Competitiveness Ranking list for 2019, at number 58 out of 63 world economies.

Die Presse Warns Greece’s Reliance on Tourism Risky

The Greek tourism sector may have helped the country emerge stronger from the crisis but Austrian paper Die Presse claims reliance may prove to be risky in the coming years.

Refineries, Hospitality Come Out of Greece Crisis Stronger

Oil refineries and hotel ventures came out of the Greek economic crisis stronger, increasing turnover in the 2006-2016 period by more than 20 percent.

WEF: Greece Still Needs to Work on Economic Progress

Greece ranks last among 29 advanced economies in the Inclusive Development Index (IDI) of the World Economic Forum (WEF).

Greece Almost Last on IMD’s 2017 Competitiveness Ranking

The tedious negotiations between Greece and its lenders have taken a toll on the competitiveness of the country, which ranks 57th among 63 countries.

Which Greek Islands will be Exempt from VAT Hike?

A number of Greek islands are to be exempt from a planned value-added tax (VAT) increase as of January 1, 2017.

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.

Eurogroup: Greece Gets New Lease on Life, Tourism, Business Sectors Relieved

Greece clinched additional loans from its international creditors to the tune of 10.3 billion euros on Wednesday, while Eurogroup finance ministers agreed to offer debt relief extending the repayment period and capping interest rates.