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PM Mitsotakis Pledges Development Master Plan for Mountain Towns in Greece

A specially appointed working group will soon formulate a master plan for the development of municipalities located in the mountainous regions of Greece.
Posted On 11 May 2022
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Greece Gets Tough on Tax Evasion in Tourism

Special tax units will be conducting on-the-spot inspections at tourist enterprises in Greece, primarily at popular destinations, in efforts to crack down on tax evasion.
Posted On 06 May 2022
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Greece’s Tourism Sector Marks Better-than-expected Recovery in 2021

The Greek tourism industry achieved the best-case scenario in terms of performance in 2021 with international arrivals recouping 47% and travel receipts 59% of 2019 levels.
Posted On 12 Apr 2022
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BoG: Global Challenges Ahead for Greek Economy Despite Tourism Dynamic

Despite the anticipated strong performance of tourism in Greece this year, the negative impact of inflation is expected to drag down private spending, according to the Bank of Greece.
Posted On 08 Apr 2022
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Greece Repays IMF Bailout Loans, May Exit EU ‘Enhanced Surveillance’ in August

Greece completed the early repayment of bailout loans to the IMF two years ahead of schedule and could transit out of EU “enhanced surveillance” this summer.
Posted On 08 Apr 2022
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Upgrade Works on Greece’s Patra – Pyrgos Highway Kick Off 

After a series of long delays, the 75km Patra – Pyrgos highway in Greece is expected to be completed by the end of 2024 or early 2025.
Posted On 31 Mar 2022
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Greece Ready to Assess €8bn in Foreign Direct Investments

Eight billion euros in foreign direct investments (FDIs) in Greece are under assessment as part of the government’s drive to attract strategic investments.
Posted On 29 Mar 2022
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High Court Decision Stops Key Investments at Piraeus Port

Greece’s highest court has temporarily halted important investments at the country’s largest port in Piraeus.
Posted On 23 Mar 2022
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Photo source: Shutterstock
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Greece Sees Robust Arrival Numbers in First Months of 2022

International arrivals to Greece increased sharply in the first two months of 2022, recording a 261.6% rise over 2021 to 2.6 million passengers.
Posted On 16 Mar 2022
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Small Enterprises in Athens’ Historic Center to Get Support

The Municipality of Athens will support 111 small businesses operating in the city’s historic center with 2.3 million euros in funds.
Posted On 15 Mar 2022
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A station of the Athens metro (archive photo).
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Works on Athens Metro Line 4 Section 1 Underway

Οne of the most important transport projects in Greece, the first section of Athens Metro Line 4, is underway aiming once completed to facilitate thousands of commuters each day.
Posted On 11 Mar 2022
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Acropolis Restoration Projects to See Funds from ‘Greece 2.0’ Recovery Plan

Restoration projects to the Acropolis in Athens will be carried out over a period of four years with funds from the “Greece 2.0” recovery plan.
Posted On 01 Mar 2022
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Greece Sees Impressive Rise in Foreign Direct Investments in 2021

Greece is gaining ground as an attractive investor destination recording a 74.3% increase in foreign direct investments (FDI) in 2021.
Posted On 25 Feb 2022
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Mykonos Hotel Turnover Takes the Lead in 2021

Hospitality service providers in Greece saw turnover rise by 118.3% in 2021 over a year earlier with the popular island of Mykonos leading the way.
Posted On 21 Feb 2022
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FinMin: Greece to Repay IMF Loans Two Years Ahead of Schedule

Greece will proceed with the early repayment of bailout loans to the IMF by the end of the month., according to Finance Minister Christos Staikouras.
Posted On 14 Feb 2022
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EU Commission: Tourist Flows Lift Greece Economy in 2021

Healthier tourist flows to Greece over the summer helped the Greek economy reclaim a significant part of Covid-19-induced losses, according to the European Commission.
Posted On 10 Feb 2022
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Greece’s New Development Law Paves Way for Tourism Growth

Tourism enterprises in Greece seeking to expand will be able to tap into a wide range of financial support tools foreseen in a new development law.
Posted On 08 Feb 2022
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Greek Development Minister Adonis Georgiadis speaking in parliament on the voting of the new development law. Photo source: @AdonisGeorgiadi
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Greek Parliament Passes Ambitious Development Law

Greek lawmakers have approved a new development law that provides financial support to eligible businesses interested in upgrading to digital and sustainable activities.
Posted On 08 Feb 2022
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Athens Metro Line 4 Gets €580m in Record EIB Support

The highly anticipated Line 4 of the Athens metro will move ahead thanks to 580 million euros in new financing by the European Investment Bank (EIB).
Posted On 08 Feb 2022
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Greek PM Announces ‘Generous’ ENFIA Property Tax Break

Greek Prime Minister Kyriakos Mitsotakis announced that the ENFIA single property tax would be slashed by 13% in an attempt to ease the burden of soaring energy prices. 
Posted On 02 Feb 2022
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