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

Greek Economy Loses Steam in Q4, Recovery on Course

Greek economic growth slowed down in the fourth quarter of 2018, following nine consecutive quarters of positive performance, the statistical authority announced.

Master Plan for Thessaloniki Expo Center Makeover on the Table

The creation of a metropolitan park is among the proposals tabled as part of a master plan for the Thessaloniki International Exhibition Center's revamp.

Piraeus Port Development Plan Runs into New Hurdle

The Piraeus port master plan is delayed after reports that the Central Archaeological Council is to decide on designating part of the area a site of archaeological importance.

Kalamata Steps Up Tourism Promotion Strategy 

Aiming to boost incoming tourism all year round, the Kalamata Municipality announced that it would further enhance its promotional activities in 2019.

EIB ‘Committed to Unlocking Priority Investment in Greece’

The European Investment Bank (EIB) in 2018 financed a record number of projects in Greece, making it the largest beneficiary of EIB Group financing in Europe.

Greece Should be Prepared to Fill in €224m Gap in No-deal Brexit

If the UK exits the EU with no deal in place, Greece stands to see a budget gap of 224 million euros through to 2020, according to an analysis by the Bruegel Institute.

Kasteli Airport Deal Signed, Project Ready to Take Off

Construction work on Kasteli Airport on Crete is set to begin after GEK Terna, India’s GAL and Transport Minister Christos Spirtzis signed the concession contract.

Bidding for Greece’s Hellinikon Casino Opens

The Hellenic Gaming Commission has announced a tender for a casino license slated to run at Hellinikon, an €8 billion project to develop Athens’ former airport complex into a multi-purpose hub.

Committee Partially Approves Master Plan for Piraeus Port Development

A number of projects included in Cosco's master plan to develop the port of Piraeus, were not approved by Greece's Port Planning and Development Committee.

Million-euro Tourism Investment Projects in Greece Get Green Light

An inter-ministerial committee for strategic investments has approved three tourism projects and a shopping/recreation center in Greece, budgeted at €333.8 million.

Airlines Slash Scheduled Seats to Greece by 7% in 2019

Airlines have slashed the number of scheduled seats to Greece by 7 percent, or 1.3 million, this year compared to 2018, according to findings released by INSETE.

Lesser-known Destinations, 3-star Facilities are Opportunities for Hotel Investors in Greece

Investors seeking to tap into Greece’s growing hospitality market should focus on lesser-known destinations and 3-star hotels, says Arbitrage Real Estate.

PwC: Greek Mergers and Acquisitions Increased in 2018

Greek companies attracted a total capital of 5.5 billion euros in 2018, according to a report on “Deals in Greece” published by financial advisor PwC.

European Commission Sees 2.2% Growth for Greece in 2019

The European Commission is forecasting a 2.2 percent growth for the Greek economy in 2019, following the completion of its bailout program last August.

Israel Technology Firms Interested in Greek Tourism Projects

Israeli tech firms have expressed interest in working with Greece to promote tourism synergies through new technologies.

Greece Expects Visitor Numbers from Israel to Soar in 2019

More than 700,000 travelers from Israel are expected to visit Greece in 2019, according to figures released by the Greek Tourism Ministry.

Greece to Launch Tender for the Lease of Mykonos, Rhodes Marinas

Greece’s public assets fund will announce tenders for the long-term lease of marinas on Mykonos and Rhodes, which will include a series of activities and the potential for commercial use.

Report: Thessaloniki Port Could Boost Balkan Activity

Thessaloniki Port, the second largest container port in Greece, can boost activity in the Balkan region and Southeastern Europe, once upgrade works are completed.

Study Reveals how Greece can Attract Foreign Direct Investment

Greece can achieve growth by tapping into the manufacture of aircraft and ships - areas that attract foreign direct investment, according to a study carried out by IHS Markit.

Quality, Service, Cleanliness Give Greek Hotels Advantage Over Rivals

Hotels in Greece took the lead in 2018 over accommodation facilities at rival destinations in terms of overall quality and service, according to INSETE.