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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.

WTTC Says Travel and Tourism to Save the Day After Brexit

As March 29 draws near, new research by the World Travel & Tourism Council found that the industry may keep the UK economy strong after Brexit.

WTTC Says 700,000 Travel and Tourism Jobs at Risk Under ‘No-deal’ Brexit

Some 700,000 travel and tourism jobs could be at risk under a 'no-deal' Brexit, according to new analysis from the World Travel & Tourism Council (WTTC).

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”.

Greece Gets Eurogroup Green Light to Exit Debt Program

Greece will receive its final 15-billion-euro bailout tranche after successfully completing its fourth assessment and will exit its nearly eight-year-long aid program on August 20.

Christine Lagarde: Greece Should Permanently Host the Olympic Games

The managing director of the International Monetary Fund (IMF), Christine Lagarde, recently agreed that the Olympic Games should be hosted permanently in Greece.

Greece’s Third Bailout: Euro Summit Statement

Greece has agreed to tough reforms after marathon talks with eurozone leaders in return for a three-year bailout ended in the early morning of July 13.

Greece Suggests 13% VAT Rate for Hotels in its Bailout Proposal to Creditors

A value-added-tax (VAT) rate of 13 percent on Greek hotels and the elimination of discounts on the country's most popular islands, are included in the proposal the Greek government submitted to its international creditors on late Thursday, in hope of reaching an agreement on a...

IMF Releases Statement on Greece

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made a statement on Monday, one day after a 'no' vote in a Greek bailout referendum.

IMF: Greece is Now in Arrears

The International Monetary Fund (IMF) has confirmed that Greece did not make a 1.5 billion euros repayment due on Tuesday, June 30.

Report: Will Tourism Save Greece?

The Greek tourism sector is showing signs of restructuring that may simultaneously imply higher productivity and a smaller potential for absorbing unemployment, according to a recent strategic analysis by Levy Economics Institute of Bard College in the United States.

IMF Calls For VAT On Greek Food Service To Rise Again To 23%

The International Monetary Fund (IMF) is pushing for the value-added tax (VAT) on Greek food services to return to 23 percent.

Greek Tourism Weighed Down By Uncertainty

“The slander against our country weighs heavily during this particularly sensitive period in which early bookings are in process for this year’s tourism season,” the Hellenic Association of Travel and Tourist Agencies (HATTA) said last month in regards to the violent street...

Greek Tourism Expected To Rise In 2011, Deputy Minister

The Greek government places great importance on the tourism sector as it can help the country survive the economic crisis, Deputy Tourism and Culture Minister George Nikitiadis told journalists during his visit last month to the global meetings and events exhibition EIBTM in...

PM Optimistic On Greek Tourism, Professionals Worried

“Greek tourism has been switched to autopilot and left unattended, something that was obvious at this year’s Thessaloniki International Fair (TIF)… We did not hear that Greece would carry out what its competitors are im­plementing, whether that be a promotion campaign or the...

Deputy Culture and Tourism Minister Steps Down

Deputy Culture and Tourism Minister Angela Gerekou resigned from her post last month after the Greek press reported that her husband, singer Tolis Voskopoulos, currently owes some five million euros in unpaid taxes.

SETE Briefs The IMF On Greek Tourism

Representatives of the International Monetary Fund (IMF) recently announced that it would regularly include an assessment of the Greek tourism performance in its future scheduled visits.