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

A Year After Bailout Exit, Commission Says Greece Making Progress

The European Commission issued a statement, marking the one-year anniversary of Greece’s exit from a nearly eight-year-long aid program.

Greek Island Residents Can Now Claim Air Transport Discounts

Discounts for island residents, under the so-called "transport equivalent” program - known as “metaforiko isodynamo” (MI) - have now been extended to air travel.

Transport, Exports Offset Greece’s Current Account Deficit in February

Greece’s current account deficit in February came to 990 million euros, down by 407 million euros year-on-year, according to the country's central bank.

Greek Gov’t Plans to Extend Remote Island Discounts to Air Transport

Air travel will be included in Greece's transport equivalent program, which offers special discounts for the transportation of goods and people to/from 49 remote Greek islands.

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.

Transport Discounts Now Applicable on All Greek Islands

All Greek island residents can now claim transportation discounts as part of the “transport equivalent” measure, according to an announcement by the shipping ministry.

Bank of Greece: Tourism Revenue Rising, Up to €1.4bn in October

Tourism revenues rose to 1.41 billion euros in October 2018, from 1.19 billion euros during the same period last year, according to the Bank of Greece.

ICAP Study: Tourism Enterprises Among Greece’s Most Profitable

Tourism enterprises hold leading positions among Greece’s 500 most profitable businesses for 2017, according to an ICAP study.

Shipping Minister: Corfu-Othoni Islands Ferry Link Set for 2019

Greek Shipping Minister Fotis Kouvelis announced that a ferry route linking the Ionian island of Corfu with the Othoni islands would launch at the start of 2019.

Tsipras: ‘Liberation Day’ for Post-bailout Greece

Greek Prime Minister Alexis Tsipras described August 20, as a day of liberation for Greece, as the country completed its nearly eight-year rescue period.

Greece Exits Bailout Era Amid Uncertainty, Betting on Regaining Trust

August 20 marks Greece’s exit from a nearly eight-year-long aid program.

EU Approves of ‘Enhanced Surveillance’ for Post-bailout Greece

The European Commission presented an “enhanced surveillance" framework in order to support Greece in its post-bailout efforts to return to “normalcy”.

Greek Islanders Can Now Claim Transport Discounts

Residents of 49 Greek islands can now claim transportation discounts as announced earlier this year, by registering on the newly launched "Metaforiko Isodynamo" platform.

Minister Calls on Moscovici to Include Greek Tourism in EU Budget Planning

Tourism Minister Elena Kountoura called on European Commissioner Pierre Moscovici to include Greek tourism in the planning of the EU budget beyond 2020.

Moscovici: No More Bailout Plans for Greece, Just Supervision

Greece will leave bailout programs behind and move ahead with growth under surveillance, according to European Economic and Monetary Affairs Commissioner Pierre Moscovici.

Tourism Offsets Greece’s Current Account Deficit

Greece’s current account recorded a deficit of 1.5 billion euros in 2017 down by 418 million euros year-on-year, with travel receipts slightly increasing.

Aegean Island Mayors Appeal to European Parliament Over VAT

The mayors of the North and South Aegean islands have appealed to the European Parliament over the abolition of a special tax status applicable until now.

Greek Tourism Sector to Shoulder Tax Burden in 2018

Greece’s tourism sector is set to bear the brunt of the country’s economic recovery according to the economy ministry’s latest set of measures set to take effect in 2018.

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.

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.
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