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

Limited Investment Thwarting Greece’s Recovery, Report Says

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

Three More Central Athens Hotels in the Pipeline

A tender for the long-term lease of three properties in central Athens is expected to be announced by the Bageios Foundation in the coming months.

PwC: Transport, Tourism & Energy Projects Key for Growth in Greece

Transport infrastructure, upgrading, building and completing key tourism related projects are among the priorities the Greek government must implement to see growth, according to a PwC report.

Popular Greece Tourist Spots on Taxman’s Agenda

Businesses, including beach bars, cafes, restaurants, hotels and entertainment venues at popular Greek destinations have come under the scrutiny of tax officials.

Economist Summit: Greece Can Grow Financially Strong in Next Decade

Greece can achieve investments of 55 billion euros in the next eight years, according to George Tsopelas senior partner and MD at McKinsey & Co Greece & Cyprus.

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.

Historic Athens Hotel King George Up for Grabs

The 5-star King George Hotel in Athens, dating back to the 1930s, is up for sale, Eurobank said, calling on interested parties to submit their bids until June 12.

Greek Inspectors Hit the Beach to Tackle Tax Evasion

In efforts to tackle tax evasion particularly rampant in the summer months, Greek tax inspectors are making surprise “visits” at popular tourist areas.

Greek Golden Visa Program to Include Bond Buyers

The Greek economy ministry will expand the investment visa program to include extending "gold visas" to foreign nationals investing at least €250,000 in bonds/shares.

Sea, Cruise Tourism Stakeholders Invited to Bet on Greece

Tourism Minister Elena Kountoura invited sea and cruise tourism stakeholders to place their bets on Greece, during the 4th Posidonia Sea Tourism Forum.

Minister Kountoura Announces New Legal Framework for Tourism

Tourism Minister Elena Kountoura announced the creation of a new legislative framework for tourism set to be completed by autumn.

Transport, Tourism, Energy Top China’s Greece Agenda

Chinese business groups have expressed interest in the areas of transport, telecommunications, energy and tourism in Greece.

More Austerity for the Greeks: Parliament Approves Reforms

A highly debated bill was passed in Greek parliament, which includes stringent austerity measures, such as pension cuts and a lower income tax threshold.

Lamda Says Ready to Get Hellinikon Works Underway but Still Waiting

Lamda Development is ready to proceed with the next phase of the Hellinikon project to transform Athens’ former airport into a metropolitan park.

Tabled Bill Foresees Athens, Thessaloniki Shops Open Every Sunday

Shops in certain areas of Athens, Thessaloniki and Piraeus can remain open on all Sundays between May and October, according to a draft law.

Greek Finance Ministry Eases Capital Controls

The Greek finance ministry announced the further relaxation of capital controls, which have been in effect in Greece since June 2015.

Draft Law Aiming to Tax Airbnb-style Rentals in Greece

A bill to be voted on in Greek parliament is set to impose a 15-45 percent tax on annual income, earned from the short-term lease of property for tourism purposes.

Greece Set to Receive €2bn in EBRD Funding by 2018

Greece will receive up to 2 billion euros in European Bank for Reconstruction and Development funding by 2018. The financial institution will continue investing until 2020.

Shipping is Greek Government’s Top Priority

The Greek government's economic policy council has decided to set up an inter-ministerial working group, with the aim to strengthen shipping and support maritime education.

Minister Says Greek Tourism First to Feel the Impact of Brexit

Brexit is expected to have consequences on the Greek economy, with the most significant losses expected in tourism.