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Greece’s New Development Bill Backs Tourism, Hotel Investments

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Greece’s New Development Bill Backs Tourism, Hotel Investments
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A new bill tabled in parliament by the Greek development and investments ministry on Friday focuses on supporting tourism investments in the modernization and extension of accommodation facilities that will contribute to the upgrade of the overall tourism product. The proposed legislation dubbed “Development Law: Greece – Powerful Growth” foresees incentives and fast-track

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

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Greece Can Achieve Pre Pandemic Tourism Levels In 2022, Says Central Bank
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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

Greece Submits €3.6bn RRF Payment Request to European Commission

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Greece Submits €3
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Photo source: European Parliament / ©BELGA/AFP/L.Gouliamaki The European Commission said this week it would be assessing in the next two months a request made by Greece for the disbursement of 3.6 billion euros in financial support under the EU’s post-Covid-19 Recovery and Resilience Facility (RRF). Greece submitted the request for the first pre-financing payment –

Eurogroup Approves Release of Next €767m Tranche for Greece

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Eurogroup Approves Release Of Next €767m Tranche For Greece
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Photo source: @EUCouncil The Eurogroup approved the release on Monday of 767 million euros in aid as part of Greece’s enhanced surveillance and debt support program, said Greek Finance Minister Christos Staikouras. Eurozone finance ministers who met in Brussels on Monday and were briefed on the findings of the Commission’s 12th enhanced surveillance report for […]