EU Commission: Tourist Flows Lift Greece Economy in 2021

By admin 10 Φεβρουαρίου 2022 No comment

Healthier tourist flows to Greece over the summer helped the Greek economy reclaim a significant part of Covid-19-induced losses, said the European Commission this week, forecasting overall real GDP to grow by 8.5 percent in 2021. In its European Economic Forecast Winter 2022, the Commission is also expecting the Greek economy to expand by 4.9 […]

Greek Parliament Passes Ambitious Development Law

By admin 8 Φεβρουαρίου 2022 No comment

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Greek Development Minister Adonis Georgiadis speaking in parliament on the voting of the new development law. Photo source: @AdonisGeorgiadi Greek lawmakers approved this week a new development law, which among others provides financial support of up to 75 percent and tools to eligible businesses interested in upgrading, modernizing, and transitioning to digital or

Greece’s New Development Law Paves Way for Tourism Growth

By admin 8 Φεβρουαρίου 2022 No comment

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Tourism enterprises in Greece seeking to expand or diversify and investors with innovative project plans will be able to tap into a wide range of financial support tools foreseen in the new development law which was passed in parliament recently. The legislation includes many “firsts” such as funding for upgrades of non-central tourist facilities provided […]

Athens Metro Line 4 Gets €580m in Record EIB Support

By admin 8 Φεβρουαρίου 2022 No comment

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Athens metro construction site. Photo source: EIB The highly anticipated Line 4 of the Athens metro to contribute significantly to the decongestion of the city center will move ahead thanks to 580 million euros in new financing by the European Investment Bank (EIB). The EIB and Attiko Metro SA announced the news this week. The […]

Greek PM Announces ‘Generous’ ENFIA Property Tax Break

By admin 2 Φεβρουαρίου 2022 No comment

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Greek Prime Minister Kyriakos Mitsotakis. Photo source: @PrimeMinisterGR Greek Prime Minister Kyriakos Mitsotakis announced on Wednesday that ENFIA single property tax would be slashed by 13 percent in an attempt to ease the burden of soaring energy prices. The prime minister described the tax break as “generous” and “permanent”, adding that under the new scheme,

Athens Municipality Joins Next Phase for City’s Metro Line 4

By admin 1 Φεβρουαρίου 2022 No comment

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Photo source: ametro.gr Athens Metro Line 4 entered a new phase this week after the Municipality of Athens announced that it would be proceeding with landscaping works after the completion of the project. The municipality and the Greek Environment Ministry signed a memorandum of cooperation (MoC) on Monday which foresees among others planting 2,000 trees […]

November 2021 Turnover up 166.9% for Greece’s Accommodation Services

By admin 28 Ιανουαρίου 2022 No comment

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Businesses offering accommodation services in Greece saw turnover increase by 166.9 percent in November 2021 compared to the same month in 2020 gaining from the extension of the tourism season, the Hellenic Statistical Authority (ELSTAT) said this week. More specifically, according to ELSTAT’s monthly report, turnover in November 2021 for enterprises active in

November 2021 Greek Tourism Revenues Close to Pre-pandemic Levels

By admin 20 Ιανουαρίου 2022 No comment

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Athens, Greece. Photo © Y. Skoulas. Source: Visit Greece Tourism activity in Greece picked up in the last months of 2021, with November revenues exceeding 2020 figures and coming very close to pre-Covid-19 levels and 11-month revenues reaching 10.4 billion euros, said the Bank of Greece on Thursday. More specifically, tourism revenues in November 2021 […]

Greece’s New Development Law to Support 3-Star Hotels

By admin 18 Ιανουαρίου 2022 No comment

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Vassilis Kikilias Greek Tourism Minister Vassilis Kikilias confirmed this week that the country’s 3-star hotels had been included in the new development law which provides support and tools for upgrade and modernization activities. In an interview to public broadcaster ERT, Kikilias said he had met with Alternate Development & Investments Minister Nikos Papathanasis

Greece Tables Draft Law Encouraging Alternative Tourism Ventures

By admin 18 Ιανουαρίου 2022 No comment

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Investments in the modernization or development of ports, ski centers, theme parks, and other special interest tourism facilities aimed at creating added value are among business activities backed by a new bill tabled by the Greek development and investments ministry last week. The proposed legislation focuses on supporting investments in alternative forms of tourism that