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Athens Municipality Joins Next Phase for City’s Metro Line 4

Athens Metro Line 4 entered a new phase after the Municipality of Athens said it would proceed with landscaping works after the project’s completion.
Posted On 01 Feb 2022
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November 2021 Turnover up 166.9% for Greece’s Accommodation Services

Accommodation businesses in Greece saw turnover increase by 166.9% in November 2021 compared to the same month in 2020, ELSTAT said.
Posted On 28 Jan 2022
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Athens, Greece. Photo © Y. Skoulas. Source: Visit Greece
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November 2021 Greek Tourism Revenues Close to Pre-pandemic Levels

Greek tourism revenues in November exceeded 2020 figures and came very close to pre-Covid-19 levels, according to the Bank of Greece.
Posted On 20 Jan 2022
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Greece’s New Development Law to Support 3-Star Hotels

Greece’s three-star hotels have been included in a new development law that provides support and tools for upgrade and modernization activities.
Posted On 18 Jan 2022
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Greece Tables Draft Law Encouraging Alternative Tourism Ventures

A bill tabled in Greek parliament encourages investments for the development of ports, ski centers and other special interest tourism facilities.
Posted On 18 Jan 2022
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Greece’s New Development Bill Backs Tourism, Hotel Investments

A new bill tabled in Greek parliament focuses on supporting tourism investments for the modernization of accommodation facilities in Greece.
Posted On 17 Jan 2022
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Greece Can Achieve Pre-pandemic Tourism Levels in 2022, Says Central Bank

Greece can achieve pre-pandemic 2019 tourism levels in 2022 provided the sector diversifies its product and attracts more investments, says the Bank of Greece.
Posted On 07 Jan 2022
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Photo source: European Parliament / ©BELGA/AFP/L.Gouliamaki
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Greece Submits €3.6bn RRF Payment Request to European Commission

The European Commission will assess a request made by Greece for the disbursement of 3.6 billion euros in financial support under the EU’s post-Covid-19 Recovery and Resilience Facility (RRF).
Posted On 04 Jan 2022
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Delphi
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NBG Revises Growth Projection for Greece Driven by Tourism

The National Bank of Greece has revised upward its projected annual forecast for growth to 8.5% from 7.5% in September citing rebounding tourism and surging domestic demand.
Posted On 16 Dec 2021
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Works on the Olympia Odos Motorway. Photo source: olympiaodos.gr
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EU Approves Construction of Olympia Odos Patra-Pyrgos Roadway in Greece

The European Commission has approved Greece’s plans to grant public funds to Olympia Odos SA for the construction of the 74.5km Patra - Pyrgos section of the Olympia Odos Motorway.
Posted On 15 Dec 2021
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Greece’s New Ellinikon Experience Park Opens for Christmas

The new Ellinikon Experience Park, at the former Athens airport, from December 20 will offer Athenians and travelers a chance to get away from the urban mayhem.
Posted On 14 Dec 2021
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Lamda Presents Destination of the Future: Ellinikon Commercial Hub

Lamda Development will invest over 600 million euros in a new state-of-the-art commercial center at the former Athens airport on the city’s southern coast.
Posted On 08 Dec 2021
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ELSTAT: Greece Economy Bounces Back in Q3 Driven by Tourism

Strong tourism performance helped Greece’s economy rebound in the third quarter of the year despite the ongoing Covid-19 pandemic, says ELSTAT.
Posted On 07 Dec 2021
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Eurogroup Approves Release of Next €767m Tranche for Greece

The Eurogroup has approved the release of 767 million euros in aid as part of Greece’s debt support program.
Posted On 07 Dec 2021
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OECD Forecasts 6.7% Growth for Greece in 2021

The Organization for Economic Cooperation and Development (OECD) is forecasting the Greek economy will grow at a rate of 6.7 percent this year and 4.8 percent in 2022.
Posted On 06 Dec 2021
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Greek Minister Wants to Create Framework for Tourism – Trade Activities

The time has come for Greece to set up a framework that will regulate the operation of tourism trade activity, according to Tourism Minister Vassilis Kikilias.
Posted On 01 Dec 2021
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Commission: Tourism Helping Greece Economic Recovery

Greece’s recovery is gaining traction driven in large part by the tourism sector, the European Commission said in its 12th enhanced surveillance report.
Posted On 25 Nov 2021
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Budget 2022: Tourism to Help Greece Meet Growth Goals 

Greece has set its growth target for 2022 to 4.5 percent driven by a faster recovery this year as a result of strong tourist flows.
Posted On 23 Nov 2021
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Greek Hotels and Restaurants See Strong Upturn in Q3 Turnover

Hotels and restaurants in Greece saw turnover make a strong recovery in September and in the third quarter of the year compared to 2020.
Posted On 23 Nov 2021
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EU Raises 2021 Growth Forecast for Greece to 7.1%

The European Commission has revised its outlook for growth in Greece to 7.1 percent from its previous estimate of 4.1 percent.
Posted On 12 Nov 2021
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