Greek Tourism Minister Vassilis Kikilias with Hellenic Confederation of Commerce and Entrepreneurship (ESEE) President Giorgos Karanikas. The time has come to set up a framework that will regulate the operation of tourism trade activity, said Greek Tourism Minister Vassilis Kikilias this week after meeting with Hellenic Confederation of Commerce and Entrepreneurship (ESEE)
Τhe Greek economy is recovering despite the Covid-19 pandemic but due to the high level of debt, Greece must maintain sustainable public finances, said the European Commission in its 12th enhanced surveillance report released on Wednesday. The Commission is forecasting growth in 2021 to reach 7.1 percent – fast approaching pre-pandemic economic activity levels – […]
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 […]
Despite the persisting Covid-19 pandemic, hotels and restaurants in Greece saw turnover make a strong recovery in September and in the third quarter (Q3) of the year compared to 2020, according to data released by the Hellenic Statistical Authority (ELSTAT). More specifically, enterprises active in accommodation reported a 125.9 percent increase in Q3 turnover to […]
The European Commission revised its outlook for growth in Greece to 7.1 percent from its previous estimate of 4.1 percent as the country marks the third fastest rate in the eurozone driven in large part by an unanticipated tourist season. According to the European Economic Forecast for autumn, inflation for 2021 is set to remain at […]
Tourism Minister Vasilis Kikilias met with Athens’ municipal and regional authorities as well as representatives of trade associations. The operation of shops in the historic center of the Greek capital and ways to enhance the Athens city break tourist experience topped the agenda of talks between Tourism Minister Vasilis Kikilias, municipal and regional authorities, and
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 […]
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 […]
Athens, Syntagma square. Photo: Visit Greece / Y. Skoulas Greece’s resilience to the Covid-19 shock is a result of a strong tourism industry, according to credit agency Moody’s, which said that the recovering sector will drive economic growth and fiscal adjustment in European countries that are highly dependent tourism. According to Moody’s data, tourist arrivals […]
Syntagma Square, Athens. Photo © GNTO/Y Skoulas The Greek economy is slated to grow at a rate of 4 percent in 2022, according to a quarterly review released by the Foundation of Economic and Industrial Research (IOBE). The IOBE, which forecast growth for 2021 at a rate of 8-8.5 percent, also said that its baseline scenario […]


















