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

Greece Gets Next Debt Tranche, Prepares to Exit Enhanced Surveillance

The European Commission approved the release of the next tranche of debt relief to Greece, as the country prepares to exit enhanced surveillance status in August.

Greece Repays IMF Bailout Loans, May Exit EU ‘Enhanced Surveillance’ in August

Greece completed the early repayment of bailout loans to the IMF two years ahead of schedule and could transit out of EU “enhanced surveillance” this summer.

FinMin: Greece to Repay IMF Loans Two Years Ahead of Schedule

Greece will proceed with the early repayment of bailout loans to the IMF by the end of the month., according to Finance Minister Christos Staikouras.

Eurogroup: Greece Gets New Lease on Life, Tourism, Business Sectors Relieved

Greece clinched additional loans from its international creditors to the tune of 10.3 billion euros on Wednesday, while Eurogroup finance ministers agreed to offer debt relief extending the repayment period and capping interest rates.

EU Approves €7.16 Billion Bridge Loan to Greece

The 28 member states of the European Union on Friday approved a short-term emergency loan of 7.16 billion euros to Greece allowing the country to meet a huge payment to the European Central Bank (ECB) and repay the International Monetary Fund (IMF).

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.

Opinions Vary On 2012 Greek Tourism Growth

“Tourism went well this year,” Culture and Tourism Minister Pavlos Yeroulanos said during an interview to the Greek press in late December.

Hoteliers Get Discount On New Property Tax

The 35 percent of communal areas of hotels and lodges will be exempt from the new property tax, Economy Minister Evangelos Venizelos said recently.

Hoteliers Criticize Restaurant VAT Hike

The increase of the VAT for restaurant services in Greek hotels from 13 to 23 percent (a 77 percent hike) would reduce the competitiveness of the country’s tourism product, the Hellenic Chamber of Hotels said recently in an announcement.

World Travel Trend Report Foresees Slow Travel Growth

Since economic recovery in Europe has not been as strong as expected, due in large part to weak consumer demand, travel specialists expect slow growth for their sector this year. (Greece on the other hand expects to see arrival increases this year.)