Mykonos, Paros and Santorini Maintain Investment Dynamic

By admin 4 Μαρτίου 2022 No comment

Mykonos island, Greece. Photo source: Algean Properties – Ride the Wave Yields Report 2022 Eight Greek destinations, including the popular tourist islands of Mykonos, Paros and Santorini, are among 30 in the Mediterranean ensuring the highest returns and keeping their investment dynamic strong, according to a report released this week by Algean Property. According to […]

Greece Sees High Investment Interest Through Golden Visa Program

By admin 31 Ιανουαρίου 2022 No comment

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Photo source: @Athens Attica Greece’s golden visa program, which grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros, is attracting more buyers due to political and economic instability in their countries, Greek newspaper Kathimerini reports. Residents of Turkey, Lebanon, India, Iran and Russia are

Greece Can Achieve Pre-pandemic Tourism Levels in 2022, Says Central Bank

By admin 7 Ιανουαρίου 2022 No comment

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Photo © Greek Travel Pages (GTP) Greece’s central bank said recently that the country can achieve pre-pandemic 2019 tourism levels in 2022 provided the sector diversifies its product and attracts more investments. According to the Bank of Greece (BoG) Interim Report on Monetary Policy, “tourism industry performance in 2021 creates favorable expectations for travel flows

Tourism to Greece Stimulates Tax Free Shopping in 2021

By admin 6 Δεκεμβρίου 2021 No comment

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Photo source: www.globalblue.com Tax free shopping in Greece did well this year achieving 77 percent in turnover in June-September 2021 compared to the corresponding period in 2019, bringing the country in the lead in Europe, said tax free shopping provider Global Blue. According to findings released by the Switzerland-based company, Greece was way ahead of […]

OECD Forecasts 6.7% Growth for Greece in 2021

By admin 6 Δεκεμβρίου 2021 No comment

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Athens, Greece. Photo source: Visit Greece / Y. Skoulas The Organization for Economic Cooperation and Development (OECD) is forecasting the Greek economy will grow at a rate of 6.7 percent this year and 4.8 percent in 2022 driven by investments and national recovery-funded projects. The estimates roughly fall in line with the projections made by […]

Budget 2022: Tourism to Help Greece Meet Growth Goals

By admin 23 Νοεμβρίου 2021 No comment

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Hellenic Parliament, Athens (archive photo) Greece has set its growth target for 2022 to 4.5 percent driven by a faster recovery this year as a result of strong tourist flows, consumption, and Covid-19 financial support, according to the final 2022 budget tabled in parliament on Friday. The budget projects GDP growth at 11.7 percent in […]

Greece’s Golden Visa Reviving Covid-hit Property Market

By admin 17 Νοεμβρίου 2021 No comment

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Greece’s investor visa scheme, which grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros, is reviving the property market, which was impacted by the Covid-19 pandemic. According to the migration and asylum ministry, 747 new permits have been granted from the beginning of 2021 to October. So far in […]

EBRD Projects 7% Growth for Greek Economy in 2021

By admin 9 Νοεμβρίου 2021 No comment

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The Hellenic Parliament in Athens. Photo © Maria Theofanopoulou The European Bank for Reconstruction and Development (EBRD) is forecasting 7 percent growth for the Greek economy in 2021 and 3.9 percent in 2022, in its latest Regional Economic Prospects report released on Thursday. Overall, the EBRD lifted its growth estimate for the 37 countries in […]

BoG Forecasts 5% Growth for Greece in 2022 Driven by Tourism

By admin 8 Νοεμβρίου 2021 No comment

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The Greek economy can grow at a rate of 5 percent in 2022 if the tourism sector continues its strong performance, said the Bank of Greece on Monday. More specifically, in an interview to Greek daily Naftemporiki, Central Bank Governor Yannis Stournaras predicted that GDP would increase by 7.2 percent or more this year and […]

‘Ministry Park’ Project to Free Up Space in Athens for Public Housing

By admin 27 Οκτωβρίου 2021 No comment

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The Pyrkal facilities. An abandoned 353,480m2 area on Mt Hymettus in Athens that once hosted Pyrkal, an ammunition and explosives company, will be converted into a “ministry park” serving as the headquarters of nine ministries as well as the country’s assets company. Dubbed the “Andreas Lentakis Park”, the Pyrkal project involves the lease of 127 buildings with