The Greek tourism industry achieved the best-case scenario in terms of performance in 2021 with international arrivals recouping 47% and travel receipts 59% of 2019 levels.
Despite the anticipated strong performance of tourism in Greece this year, the negative impact of inflation is expected to drag down private spending, according to the Bank of Greece.
The National Bank of Greece has revised upward its projected annual forecast for growth to 8.5% from 7.5% in September citing rebounding tourism and surging domestic demand.
The Greek economy can grow at a rate of 5% in 2022 if the tourism sector continues its strong performance, according to Bank of Greece Governor Yannis Stournaras.
Bank of Greece governor Yannis Stournaras said on Monday that the Greek economy could see growth of 2.7 percent in 2017 under the condition that the second evaluation of the Greek programme was soon concluded by international creditors.
The 15th Tourism & Development Conference of the Greek Tourism Confederation (SETE) will focus on the "next day" for Greek tourism entrepreneurs and employees and underline the strategy the sector should follow in order to overcome the ever-increasing challenges in its effort to...
Greece’s international lenders have indicated that they will go ahead and approve the further relaxation of capital controls imposed on June 28 last year in efforts to boost confidence in the country's banking system and bring back more than 15 billion euros in “elusive”...
Greece's Finance Ministry will decide on a possible VAT decrease on food catering services in June only if Greece reaches its revenue targets, according to Greek Finance Minister Yannis Stournaras.
