Greece’s tourism industry, one of the country’s major economic drivers and employers, has felt the brunt of the Covid-19 pandemic set to record losses of up to 66 percent, according to the latest study released by ICAP this month. Conducted on a sample of 1,513 Greek businesses in September and October, the study reveals that […]
Greece’s popular golden visa program, which has channelled more than 2 billion euros of foreign capital into the local property market since its launch in 2014, granting in the meantime, 6,304 residence permits to non-Greeks, has been impacted by the coronavirus pandemic. More specifically, according to the migration and asylum ministry, the number of visas […]
Athens, Greece. Photo Source: Visit Greece / Y. Skoulas The European Commission revised down its initial growth forecast for Greece to 9 percent in 2020 due to the impact of the coronavirus (Covid-19) pandemic on the country’s major economic drivers: tourism and exports. The Commission now estimates that the Greek economy will see a partial […]
The European Commission downgraded its 2021 growth forecast this week as one by one member states entered second lockdowns due to an aggressive resurgence of Covid-19. The Commission now estimates that the EU economy will grow 4.1 percent next year, down from the intial 6.1 percent rebound forecast in May. The previous forecast recovery has […]
Photo Source: Globsl Blue Over half of the world’s shoppers are keen on returning to travel overseas despite Covid-19, according to a survey released by tax free shopping provider Global Blue. More specifically, Global Blue’s survey of 30,000 international shoppers found that 55 percent are willing to travel abroad if restrictions are lifted, stressing at […]
INSPIRE Athens, MGE’s concept for the first Integrated Resort and Casino (IRC) in Greece. US gaming giant Mohegan Gaming & Entertainment (MGE) offered to pay 150 million euros for the 30-year right to operate the first integrated resort and casino on the yet-to-go-up Hellinikon mega complex on the Athenian Riviera. The offer, a day after
Athens, Greece. Photo Source: Visit Greece/ Y. Skoulas Οther US companies are interested in investing in Greece, says Greek Investments Minister Adonis Georgiadis Greece is moving full speed ahead with major investments in the areas of tourism, energy and technology, said Greek Development & Investments Minister Adonis Georgiadis, with the recently announced
Photo Source: EBRD The European Bank for Reconstruction and Development (EBRD) is forecasting an overall 3.9 percent contraction across its 38 economies in 2020 and a 3.6 percent return to growth in 2021, it said this week. The EBRD report cites a high level of uncertainty due to Covid-19 and reveals that more people in EBRD […]
Hybrid events, combining live participation and a virtual component, are gaining ground and set to become the next big thing in MICE events, according to the findings of the “Conferences vs Pandemic” event which took place during the Thessaloniki Helexpo Forum last week. The roundtable focused on the need for Greece to proceed swiftly with […]
The Mohegan Gaming & Entertainment concept – named INSPIRE Athens – for the first Integrated Resort and Casino (IRC) in Greece. Greece’s highest court issued its final decision on Friday, putting a long-running legal dispute between Hard Rock International and Mohegan Gaming & Entertainment (MGE) to an end by rejecting the former’s case which claimed it


















