BoG: Tourism Uncertainty May Slow Greek Economy Rebound

By admin 1 Ιουλίου 2021 No comment

The Greek economy is showing signs of recovery but uncertainty due to emerging Covid-19 virus mutations and their potential impact on tourism pose a risk, said the Bank of Greece (BoG) in its report released this week. More specifically, in its Monetary Policy Report 2020-2021, the BoG forecasts economic growth at 4.2 percent this year […]

Hellinikon Project: Demand on the Rise for Homes on Athenian Riviera

By admin 1 Ιουλίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

A total of 9,000 homes with going rates as high as 25,000 euros/m2 will be constructed at Hellinikon along the Athenian Riviera, the largest private investment in Greece, the head of the company undertaking the project said this week. Speaking to SKAI television, Lamda Development CEO Odisseas Athanasiou referred to the real estate value of […]

Greece Inks Deal for Metro Line 4 to Cover Athens’ Commuting Needs

By admin 23 Ιουνίου 2021 No comment

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Greek Prime Minister Kyriakos Mitsotakis during the presentation of Athens Metro line 4. Photo source: @PrimeMinisterGR Aiming to cover the commuting needs of some of the most densely populated areas in Athens, Greek Prime Minister Kyriakos Mitsotakis finalized an agreement for the construction of Metro Line 4 with French multinational rolling stock manufacturer Alstom SA,

Mega Athenian Riviera Hellinikon Project Clears Last Hurdle

By admin 17 Ιουνίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

The Hellenikon Project Hellinikon, a highly anticipated, controversial and delayed project set to breathe new life into the Athenian Riviera is ready to begin after the government announced that it would be proceeding in the coming days with the transfer of real estate shares to concessionaire Lamda Development. The announcement came after the Council of […]

FinMin: OECD Greece Outlook Signals Trust in Greek Economy

By admin 1 Ιουνίου 2021 No comment

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Greek Finance Minister Christos Staikouras. Photo source: cstaikouras.gr/ The findings of a new Organization for Economic Cooperation and Development (OECD) report send out a message of trust in the prospects of the Greek economy, said Greek Finance Minister Christos Staikouras this week. Staikouras referred to the report which forecasts Greece’s GDP to grow by 3.8 […]

Greece Extends Rent Cuts, Exemptions for Covid-hit Enterprises, Workers

By admin 1 Ιουνίου 2021 No comment

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Photo source: Region of Attica Pandemic-impacted business owners in Greece active in tourism, F&B, culture, sports & gyms, and transport will be exempt from paying rent for June after the government extended Covid-19 aid. The measure applies to businesses affected by lockdown restrictions. According to a finance ministry announcement, a 40-percent reduction in rent

Greece’s Hellinikon Project, Casino Get Clearer Timeline

By admin 17 Μαΐου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Hellinikon project Works on two projects expected to breathe new life into the Athenian Riviera – Hellinikon and its casino – are set to begin in the coming months, according to company executives participating in the recent 6th Delphi Economic Forum. One of the country’s largest investments expected to attract more than 1.5 million tourists each […]

Commission Revises Greece Growth Forecast Upward

By admin 12 Μαΐου 2021 No comment

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Photo Source: Visit Greece / Y. Skoulas The European Commission revised upward on Wednesday its forecast for Greek GDP growth to 4.1 percent in 2021 and 6 percent in 2022 making a modestly higher estimate compared to its February predictions of 3.5 percent in 2021 and 5 percent in 2022. Employment support measures are expected […]

Greece Anticipates Recovery Plan Approval in June

By admin 11 Μαΐου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Hellenic Parliament, Athens. Greece’s national recovery and resilience plan which includes billions of euros worth of upgrade projects and reforms is expected to get the EU’s approval in June, said European Commission Vice-President for Promoting Our European Way of Life, Margaritis Schinas, at the 6th Delphi Economic Forum which opened on Monday. Schinas announced the

Greece Submits National Recovery Plan to EU

By admin 28 Απριλίου 2021 No comment

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Photo Source: @European Commission The Greek government submitted the final draft of its ambitious national recovery plan to the European Commission, which is aimed at dealing with the repercussions of the coronavirus pandemic, hoping to have the first disbursement in before the end of the summer. Dubbed Greece 2.0, the four-pillar plan is expected to pave […]