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Santorini Island
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Alpha Bank: Tourism Driving Force of Greece’s Economy

Tourism is contributing greatly to Greece’s improved economic indicators in the nine-month period to September, Alpha Bank found in its weekly bulletin.
Posted On 18 Dec 2017
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Tsipras, Kountoura, Tsakalotos Invite US Investors to Bet on Greece

Greek Prime Minister Alexis Tsipras invited investors to bet on Greece describing the country as a “land of opportunity”.
Posted On 12 Dec 2017
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Photo source: ESEE
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Lower Purchase Limits Boost Tax Free Shopping in Greece by 12%

Tax free shopping picked up pace in Greece over the last 12 months marking a 63 percent increase in sales and a 12 percent rise in purchase value.
Posted On 08 Dec 2017
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Study: Greek Hospitality Sector Shows Signs of Financial Health

The Greek hospitality industry is leaving the crisis years behind, as it increased earnings by 3.6 percent and gross profits by 44.4 percent in 2016.
Posted On 29 Nov 2017
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Tourism, Fiber Optics Projects for Skorpios Islet OKed by Greek Gov’t

Dozens of luxury villas and restaurants as well as a fiber optics network will be constructed on the Ionian islet of Skorpios.
Posted On 24 Nov 2017
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Creta Maris Beach Resort
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Linking Agri-food and Tourism Set to Make Greece Stronger

Bringing together the country’s primary and secondary sectors can generate multiple economic benefits for Greece, it was concluded during a workshop in Athens.
Posted On 23 Nov 2017
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Avis Hellas in Hands of Avis Europe – Turkey’s Otokoc

Avis Hellas will pass into the ownership of Avis Europe Holdings and Turkey’s Otokoc in a 318.1 million-euro deal, according to main shareholder Piraeus Bank.
Posted On 22 Nov 2017
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Photo Source: www.thehellinikon.com
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Minister Says Hellinikon Project Moving Ahead ‘One Step at a Time’

Development of the delayed multi-million-euro Hellinikon project is moving ahead “one step at a time", according to Deputy Economy Minister Stergios Pitsiorlas.
Posted On 20 Nov 2017
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Seasonal Tourism in Greece Takes Toll on Jobs

The seasonal character of Greek tourism has taken a toll on employment rates, with 98,420 lost jobs in October marking the end of the season.
Posted On 15 Nov 2017
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Greek Island VAT Rise Not Bringing in Gains

Revenue from the elimination of a special tax status applicable on a number of Greek islands has proven disappointing, according to an October tourism survey.
Posted On 14 Nov 2017
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Enterprise Greece: €1bn Worth of Investments in the Pipeline

One billion euros worth of investments are in the pipeline for Greece in the areas of tourism, energy, telecommunications and commerce.
Posted On 09 Nov 2017
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Greece’s Economic Chamber Says Reduced Island Tax Status an EU Provision

The Economic Chamber of Greece is calling on the government to retain the special tax status applicable on Greek islands.
Posted On 09 Nov 2017
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New Greek-US Committee to Encourage Investment Activity

Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt agreed to the creation of a Greek-US investment committee.
Posted On 08 Nov 2017
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Photo Source: Four Seasons Hotels and Resorts
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Four Seasons Astir Palace Hotel Athens Aiming for Spring 2018 Opening

The multi-million-euro revamp of the Astir Palace will proceed according to schedule with plans to open its doors to the public in spring next year.
Posted On 08 Nov 2017
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Santorini island. Photo © Maria Theofanopoulou
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Greek Hotels Becoming Attractive Investment Option

Increasing tourism flows and dropping prices are making Greek hotels an attractive investment choice with hospitality units on the islands winning over buyers.
Posted On 07 Nov 2017
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Greek Economy Ministry Expects FDI to Exceed €4bn in 2017

The Greek economy is showing signs of recovery with the economy ministry expecting FDI to exceed 4 billion euros in 2017.
Posted On 07 Nov 2017
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Leipsoi Island. © Maria Theofanopoulou
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Greek Gov’t Seeking Way to Put Island VAT Hike on Hold

Α decision to eliminate a special tax status on the Greek isles may be postponed, as the government looks into ways to ease the tax load on its citizens.
Posted On 06 Nov 2017
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Greek Fleet World’s 1st in Terms of Cargo Carrying Capacity

Greece’s fleet is the global leader in terms of cargo carrying capacity (dwt), according to the UNCTAD Review of Maritime Transport 2017.
Posted On 06 Nov 2017
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Dolphin Capital Inks Deal with Kerzner for Kea Island Luxury Tourism Project

Dolphin Capital has entered into an agreement with Kerzner for the development of a luxury tourism project on Kea in Greece.
Posted On 02 Nov 2017
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FS Italiane: Speed Train on Athens-Thessaloniki Route in January 2018

Ferrovie dello Stato Italiane, owner of Greece’s train operator Trainose, in January is aiming to launch a new passenger speed train to run the Athens-Thessaloniki route.
Posted On 02 Nov 2017
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