Greek Tourism to Gain from ‘Ellada 2.0’ Resilience Plan

By admin 31 Μαρτίου 2021 No comment

Alternate Finance Minister Theodore Skylakakis (center) presents the “Ellada 2.0” scheme. Photo source: @Thodoros Skylakakis The Greek tourism sector stands to gain from a total of 57 billion euros in funding out of the country’s national recovery and resilience plan which includes projects, investments and reforms in four key areas and was presented on Wednesday. […]

Greece Aims for National Recovery with 160 Projects

By admin 30 Μαρτίου 2021 No comment

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Greece is aiming to get on track to recovery with 160 actions worth 60 billion euros to be channeled into digital transformation, boosting employment, enhancing health, education, and social cohesion, the green economy, and attracting investment. On Monday, during a ministerial meeting, Greek Prime Minister Kyriakos Mitsotakis presented the National Recovery Plan, which he

Parliament Approval Next Key Step for Greece’s Hellinikon Project

By admin 26 Μαρτίου 2021 No comment

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Photo Source: thehellinikon.com One of the most ambitious projects in Greece, the mega Hellinikon investment at Athens’ former airport in the southern suburbs on the coast, moves closer to implementation after Greek parliament ratified this week the contract transferring partial ownership of area at the former airport site to Greek developer Lamda Development, paving the

FinMin Expects €8bn in Greek Tourism Revenue This Year

By admin 19 Μαρτίου 2021 No comment

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Acropolis, Athens. Photo source: Culture Ministry Greek Finance Minister Christos Staikouras is expecting Greece’s tourism revenue to double this year predicting it will reach 8 billion euros compared to 4 billion euros in 2020, adding however that it will still not be able to cover losses incurred due to the coronavirus pandemic. In an interview […]

Greek PM: Foreign Investors Trusting Greece More Than Ever

By admin 19 Μαρτίου 2021 No comment

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Greek Prime Minister Kyriakos Mitsotakis during the online meeting with EIB’ senior executives. Source: Youtube – Prime Minister €875 million new long-term EIB financing to accelerate nationwide implementation of Helektra energy efficiency programme and Antonis Tritsis sustainable urban investment scheme More foreign investors are now trusting in Greece’s long-term

New Covid-19 Support for 500,000 Greek Businesses

By admin 11 Μαρτίου 2021 No comment

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Greek Prime Minister Kyriakos Mitsotakis announced on Thursday a new round of Covid-19 support measures for some 500,000 businesses and millions of employees raising the total to 36.5 billion euros for the 2020-2021 period. The fresh round of actions, which also provide backing to the country’s self-employed, include: – the launch in April of the […]

Greek Islands, Athens Winning Over UK Property Buyers

By admin 10 Μαρτίου 2021 No comment

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The Greek islands and Athens are winning over prospective property buyers from the UK, according to investment immigration firm Astons, which cites Greece’s fine weather and affordable prices as well as its friendly golden visa program for the interest. Despite investor attention from abroad driving up property prices in the Cyclades, Ionian and Saronic Gulf […]

Greece Can Count on ‘Friendly Taxation’ to Boost Tourism

By admin 25 Φεβρουαρίου 2021 No comment

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Platys Gialos, Mykonos, Greece. Photo: Y Skoulas/Visit Greece Implementing an attractive tax policy can a go a long way towards boosting tourism to Greece, according to finance and tourism experts participating in the digital “Greece: Competing for Global Talent” event organized this week by the Delphi Economic Forum. Tourism, finance, and legal experts agreed that […]

Covid-19 Costs Greece’s Closed Businesses One-Third of Their Turnover

By admin 18 Φεβρουαρίου 2021 No comment

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Photo source: Athens Traders Association (ESA) Greek businesses ordered to shut down in 2020 due to the coronavirus pandemic lost more than one-third of their turnover or a total of 10.8 billion euros, according to recently released data by the Hellenic Statistical Authority (ELSTAT). Of the 205,984 enterprises in Greece that suspended operations in March […]

Commission: Lockdowns to Weigh on Greek Economy

By admin 12 Φεβρουαρίου 2021 No comment

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Hellenic Parliament, Athens. Photo Source: GTP Continuous measures to address Covid-19 are expected to weigh on Greece’s recovery, said the European Commission this week, forecasting real GDP growth by 3.5 percent in 2021, before rising to 5 percent in 2022. For 2020, the Commission estimates Greece’s real GDP to be down by 10 percent. More […]