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Greece's latest tourism industry news by Greek Travel Pages (gtp)

ECB Raises Funding for Greece By €900 Million, Greek Banks Expected to Reopen Next Week

The European Central Bank has decided to raise financing through the Emergency Liquidity Assistance (ELA) mechanism for Greece by 900 million euros, ECB president Mario Draghi said during a press conference in Frankfurt on Thursday.

Greek Parliament Votes in Favor of Bailout Deal

The Greek Parliament on early Thursday approved an omnibus draft bill which includes the prior actions demanded by Greece's creditors in exchange for a multibillion euro new bailout.

Greece Votes ‘No’ in Bailout Referendum, PM Tsipras Announces Next Move

Over 61 percent of Greeks voted “no” to creditors’ austerity terms in Greece's referendum on Sunday. "Our immediate priority is to restore the banking stability to normality", Greek Prime Minister Alexis Tsipras said in a public statement on Sunday night.

VAT Cut On Restaurants Considered

Greece’s Economy Ministry is considering slashing taxes to enable national economic development, press reports said last month.

Tour Buses Seek E.U. Help On KTEL Bus Monopoly

Greek tour bus owners recently filed a complaint to the European Commission against the monopoly of the KTEL intercity buses and accused the ministries of transport and tourism for overprotecting the KTEL bus profession.

Professionals Slam Social Tourism Program Abolishment

Greek tourism professionals were stunned last month when they were informed that the abolition of the Workers' Housing Organization was included on an agreement of austerity measures demanded by Greece’s creditors in exchange for a new bailout loan.