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Greece’s New Growth Model to Tap into Innovation, SMEs, Foreign Investment

The economy ministry is drawing up a new strategic plan to boost development focusing on attracting foreign investment, facilitating the growth of small- and medium-sized enterprise (SMEs) and tapping into innovation while the international community regains its confidence in Greece.

Tourism, Innovation at Center of Economy Ministry’s New Action Plan

Tapping into the country’s productive forces by offering tax incentives and boosting employment are at the center of the economy ministry’s action plan to be implemented in the coming months.

Greek Islands May Face Shortages Soon

Reports in the media are calling attention to empty shelves and lacking medicines in Greece and claim that if a deal is not reached soon between the country and its creditors, banks will remain closed after July 6.

WEF Top Economist Says Greece Can Get Back on Track… As Long As…

Improving the quality of education, ensuring the broad-based participation of all its citizens in real employment, cutting red tape for new businesses and doing away with corruption, should be top priorities if Greece ever wants to recover from its current “economic malaise”,...

Greek VAT Scheme Seeking 2.4bn Euros May Take Toll on Tourism

The Greek government aims through last week’s decision to implement tax hikes across the board to bring a total of 2.4 billion euros to state coffers in the next 18 months.

Greek Yachting Professionals Up in Arms Over VAT Hike on Charter Fees

Greece’s yachting professionals are expressing their grave concerns over the government’s recent decision to increase value-added tax (VAT) to 23 percent on charter fees.

‘WSJ’ Sees Swift Comeback for Greek Tourism

The Wall Street Journal is placing its bets on Greek tourism in a story published earlier this week titled “Greece Makes Fast Recovery in Tourism”.

EU Backs Greek island, Cyprus Entrepreneurship with Funds

The EU approved last week funding amounting to 54 million euros via its Interreg V-A “Greece-Cyprus 2014-2020” program to assist nine border regions in Greece, and all of Cyprus, towards further developing their local economies with measures that will create jobs, improve...

Greek Tourism Minister Says 3rd Bailout Plan Offers ‘Milder Adjustment’

A third bailout for Greece, valued at 86 billion euros, seems to be in the works, the Greek government said on Tuesday, but European officials are still not clarifying whether the deal will go through.

Greece Best ‘User’ of NSRF Funds

Greece is among the EU countries with the highest absorption rates of National Strategic Reference Framework (NSRF) funds for the 2007-2013 period.

EIB Boosts Presence in Greece, Launches Investment Team

The European Investment Bank (EIB) is serious about getting down to business in Greece, and is currently in the process of renovating its central Athens headquarters and appointing a task force that will focus on investments in efforts to support sustainable economic recovery and...

Greece’s New Investment Incentives Law to Spur Tourism

Aiming to stimulate tourism initiatives, the Greek government’s new development law paves the way for the creation, expansion and upgrade of three star-plus hotel units as well as the re-operation of accommodation facilities that have been out of business.

Experts to Share Outlook for Greece at Delphi Economic Forum

Some of the world's finest academics, scientists and experts will be sharing their "Outlook for Greece and the Region Vision 2020-2030” at this year’s Delphi Economic Forum, which kicked off at the European Cultural Centre of Delphi and runs through to February 28.

Major Corfu Tourism Unit Gets Go-ahead

A massive tourism complex including a five-star hotel, bungalows and holiday lodgings on the Ionian island of Corfu has received the go-ahead from the culture ministry.

Greece Hoteliers Up in Arms Over Cancellations Due to Refugee Crisis

Hoteliers associations across Greece, including on the islands and at border regions, are ringing alarm bells, calling on the government to take immediate measures as bookings to these destinations have dropped by as much as 90 percent in some cases due to the ever-growing...

Athens Airport Concession Deal Talks Kick Off

The board of the Athens International Airport (AIA) decided last week to launch negotiations for the 20-year extension of the concession contract for the management of the country's largest airport.

Extra ‘Sleep’ Tax Angers Greece Hoteliers

Weeks before the official launch of the summer tourism season, Greece’s hoteliers are furious over a proposed tax on accommodation which comes on top of other levies imposed last year.

Research Body Says New Tax Measures to Take Toll on Greek Economy

Stringent measures to secure the next installation of Greece’s 86-billion-euro bailout plan are bound to hit the Greek economy even more, the Foundation for Economic and Industrial Research (IOBE) said recently.

New Greece Incentives Law Aims to Draw in Investment

Deductions and Exemptions, leasing and interest subsidies, and a 12-year fixed tax framework are part of a new incentives law tabled recently and set for vote by the end of the month, Economy, Development and Tourism Minister George Stathakis and Secretary General for Strategic...

SETE Says New Greek Incentives Law Complex, Unclear

The new Greek incentives law tabled earlier this month which foresees deductions and exemptions, leasing and interest subsidies, and a 12-year fixed tax framework, must be simple with clear guidelines and deadlines for potential investors, the Greek Tourism Confederation (SETE)...