Greece Bets on Athenian Riviera to Stimulate Property Sales

By admin 12 Νοεμβρίου 2020 No comment

Greece is looking to capitalize on the Athenian Riviera once major infrastructure projects are completed, including the construction of the multi-billion-euro Hellinikon project and the upgrade of local marinas. Lamda Development, the contractor behind Hellinikon is planning to construct 10,000 homes in the next 15 years aiming to attract foreign buyers seeking a home on

Greece Aiming to Make Recycling Routine with 5 Reforms

By admin 5 Νοεμβρίου 2020 No comment

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Environment Minister Kostis Hatzidakis (right) Greece aims to make recycling a routine practice, said Environment Minister Kostis Hatzidakis after tabling a bill for public consultation that redefines recycling practices. Hatzidakis said the reform is an effort to cover lost ground particularly with regard to waste management and to integrate recycling into the daily

Greece Sees Economic Sentiment Rise in October

By admin 30 Οκτωβρίου 2020 No comment

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Athens, Syntagma square. Photo: Visit Greece / H. Kakarouhas The economic climate in Greece appears to have improved in October, according to the European Commission’s (EC) monthly analysis, which also reports a slowdown in eurozone recovery. More specifically, the country’s Economic Sentiment Indicator (ESI) increased in October to 92.3 points from 89.5 in September. The

Finance Minister: Greek Recovery Plan to Focus on 12 Key Areas

By admin 30 Οκτωβρίου 2020 No comment

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The Hellenic Parliament. Photo Source: @PressParliament Bolstering the business environment, diversifying production, fostering productivity through investment and innovation, and boosting employment are the key areas Greece must focus on in order to achieve post-Covid-19 recovery, said Greek Finance Minister Christos Staikouras. Speaking this week during the annual

Greece Pushes Forward with Port Upgrades

By admin 26 Οκτωβρίου 2020 No comment

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Kavala Port Authority. Photo source: HRADF Greece is accelerating procedures in order to move ahead with infrastructure upgrades at ports across the country, said Shipping Minister Yiannis Plakiotakis during his recent visit to Chania, Crete. In a meeting with regional and local authorities, Plakiotakis said the modernization of key ports countrywide was a leading

August Inbound Traveler Flows to Greece Sink Due to Covid-19

By admin 23 Οκτωβρίου 2020 No comment

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The number of inbound visitors to Greece in August 2020 was down by 73.3 percent year-on-year to 1,807 thousand as a result of restrictive measures aimed at curbing the coronavirus pandemic, according to data released by the Bank of Greece. More specifically, inbound traffic through Greek airports dropped by 58.9 percent and by 96.3 percent […]

Mohegan’s Casino Project in Greece to Take 3 Years After Permit Issue

By admin 22 Οκτωβρίου 2020 No comment

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“INSPIRE Athens” The first integrated resort and casino to be constructed in Greece at the former Athens airport along the coast is set to take approximately three years to complete, said Mario Kontomerkos, president and CEO of Mohegan Gaming & Entertainment (MGE), the preferred bidder for the development and management of the project. “Mohegan

Greece’s 8-month Tourism Revenue Down by €10.5bn

By admin 21 Οκτωβρίου 2020 No comment

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Greece posted a shrinking current account surplus in August compared to a year ago, marking at the same time a significant deterioration in the services balance due to the impact of Covid-19 on the struggling tourism sector which saw revenue drop by 10.5 billion euros in the first eight months of the year, according to […]

Greek Accommodation, F&B Services See August Revenue Tumble

By admin 21 Οκτωβρίου 2020 No comment

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Accommodation and food & beverage (F&B) businesses in Greece saw revenues plummet in August as a result of Covid-19 disruption, according to the latest data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). More specifically, turnover in August 2020 for accommodation enterprises (with double-entry bookkeeping) came to 540,422,134 euros, down by

Nine-month Passenger Traffic to Greece Down by 68.9%

By admin 19 Οκτωβρίου 2020 No comment

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Passenger traffic through Greece’s airports dropped by 68.9 percent in the first nine months of the year reflecting the impact of the Covid-19 pandemic on air travel, according to data released this week by the Hellenic Civil Aviation Authority (HCAA). A total of 16.6 million passengers went through Greek airports in the January-September period down by […]