OECD Forecasts 6.7% Growth for Greece in 2021

By admin 6 Δεκεμβρίου 2021 No comment

Athens, Greece. Photo source: Visit Greece / Y. Skoulas The Organization for Economic Cooperation and Development (OECD) is forecasting the Greek economy will grow at a rate of 6.7 percent this year and 4.8 percent in 2022 driven by investments and national recovery-funded projects. The estimates roughly fall in line with the projections made by […]

Moody’s Says Tourism Behind Greece’s Resilience to Covid-19

By admin 26 Οκτωβρίου 2021 No comment

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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 […]

WTTC Commends Greece for Safe, Positive Tourism Opening

By admin 11 Οκτωβρίου 2021 No comment

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Acropolis, Athens. Archive photo by GTP The World Travel & Tourism Council (WTTC) praised Greece this week for successfully opening up to tourists during the Covid-19 health crisis and for achieving safety through the implementation of strict protocols. In an interview to the Athens News Agency (ANA-MPA), Communications Executive at WTTC Elena Corina Rodríguez said

Challenges and Chances Ahead for Greece’s Coastal Shipping

By admin 11 Αυγούστου 2021 No comment

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Greece’s coastal shipping sector suffered a blow in the last year due to the ongoing Covid-19 pandemic with the renewal of its fleet being an urgent priority, said the 2021 Greek shipping report released this week by XRTC Business Consultants. According to the report’s findings, fleet renewal will cost shipping companies nearly 3 billion euros in the next

EU Releases €4bn for Greece to Finance Investments, Reforms

By admin 9 Αυγούστου 2021 No comment

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European Commission President Ursula von der Leyen and Greek Prime Minister Kyriakos Mitsotakis. Photo source: @PrimeMinisterGR The European Commission announced on Monday that it had released 4 billion euros in pre-financing to Greece as part of the EU’s post-Covid-19 Recovery and Resilience Facility (RRF). The amount is 13 percent of the total Greece is entitled to

Flight Activity at Athens Airport Picks Up Pace

By admin 16 Ιουλίου 2021 No comment

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Photo source: HRADF Athens International Airport (AIA) has recovered 77 percent of total 2019 traffic so far and is up by 74 percent or 273 flights against last year, according to the latest briefing released by the European Organization for the Safety of Air Navigation (Eurocontrol). According to the Eurocontrol report, which examines the impact […]

Greece Expects €4bn of EU Recovery Aid by August

By admin 13 Ιουλίου 2021 No comment

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Photo: GTP Greece expects by the end of the month to have access to approximately 4 billion euros in support from the European Union’s Recovery Fund, said Finance Minister Christos Staikouras this week. Staikouras was in Brussels on Tuesday participating in a meeting of EU finance ministers who approved the recovery plans of 12 member […]

Greek PM’s Vision for Tourism All About the Experience

By admin 24 Ιουνίου 2021 No comment

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Imerovigli, Santorini. Photo © Maria Theofanopoulou Redefining the tourism model in the aftermath of Covid-19 with a focus on lasting experiences, the importance of vaccination particularly among younger generations and tourism professionals, and putting EU recovery funds to good were at the center of a Q&A between Prime Minister Kyriakos Mitsotakis and Greek Tourism

Difficult Year Ahead for Greek Tourism, Says Minister

By admin 23 Ιουνίου 2021 No comment

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Greek Tourism Minister Harry Theoharis Signs are positive for the year ahead, said Greek Tourism Minister Harry Theoharis, adding that more than 9,000 travelers from the UK visited Greece last week despite the Covid-19 restrictions and the outbreak of the Indian variant in their homeland. In an interview to public broadcaster ERT on Wednesday, Theoharis […]

Greek Tourism Revenue Still Down in April But Higher than 2020

By admin 22 Ιουνίου 2021 No comment

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One month before Greece re-opened to tourists, travel receipts reached a mere 43 million euros in April 2021, generated by 107,000 travelers who managed to reach Greek shores in the midst of Covid-19 lockdowns and measures, according to data released this week by the Bank of Greece. April 2021 travel receipts were higher by 211.0 […]