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

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.

Greece Retail Trade Opposed to Sunday Shop Opening

Greece's major retail trade players are expressing their opposition to a recent decision by the government to keep shops open on 30 Sundays a year.

EU Funds to Boost 2,000 Greek Businesses

A total of 420 million euros in funding is intended for some 2,000 Greek SMEs as part of the European Commission’s Investment Plan for Europe.

Greek Accommodation Body SETKE Wary of Sharing Economy

The Greek Confederation of Tourist Accommodation Enterprises (SETKE) is calling on the government to reconsider plans to liberalize short-term tourist rentals.

Greek PM Visit to China Set to Pave Way for Investments

Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with Chinese officials to attract investment to Greece, during his visit to Beijing in May.

IOBE Trims Greece’s Growth Forecast Due to Lagging Bailout Progress

The Greek economy will grow by up to 1.5 percent in 2017, below January forecasts, as the lingering bailout negotiation process continues to fuel uncertainty.

Three Months for Greek Tourism Businesses to Install POS Devices

Hotels, travel agencies and car hire businesses across Greece, have three months time to install POS (point-of-sale) devices enabling customers to pay by credit card or face penalties.

Greek Islet Fleves Up for Grabs, Two Expressions of Interest

Two investors - an Abu Dhabi-based entity and a Greek group - have expressed interest in the island of Fleves in the Saronic Gulf, off Vouliagmeni Bay.

Coco-mat to Open New 5-star Hotel Near Acropolis

Greece’s Coco-mat Hotels & Resorts has announced plans for the addition of a five-star, 90-room hotel to its Athens roster.

Fraport Steps in as Manager at 14 Greek Airports

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.

Caesars Entertainment Considering Athens for Next Project?

Media reports claim that Caesars Entertainment Corporation is interested in building a massive entertainment complex in Hellenikon, south of Athens.

Fraport, Intrakat Ink Greek Airport Construction Projects Deal

Fraport Greece has entered an agreement with Intrakat for the overhaul works on the 14 regional airports that have come under its management.

Greece’s March Economic Sentiment Perks Up, Commission Says

The economic sentiment for the month of March in Greece has shown signs of improvement compared to February, according to European Commission data.

Greek Ferry Shipping Traffic Steady for Easter

Ferry shipping traffic for the Orthodox Easter period is expected to record last year’s levels, according to the Greek Shipowners Association for Passenger Ships (SEEN).

Consortium to Lend Fraport €1bn to Run 14 Regional Airports in Greece

A consortium of financial institutions will lend Fraport Greece approximately 1 billion euros for the 40-year concession of 14 airports across the country.