Greece Announces Relief Measures to Tackle Energy Crisis

By admin 17 Μαρτίου 2022 No comment

In efforts to relieve struggling Greeks hit hard by spiraling energy costs, the government announced a set of relief measures on Thursday, including a fuel rebate and an electricity bill subsidy for some 1.4 million qualifying households with an annual income of up to 30,000 euros. More specifically, according to Greek Finance Minister Christos Staikouras, […]

Poll: Greeks Are Worried About the Economy

By admin 2 Μαρτίου 2022 No comment

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Greeks are worried about the impact of the Russia-Ukraine crisis on Greece’s economy, according to the results of a recent poll conducted by Pulse for SKAI TV. Pulse carried out the second part of its poll after February 24 – the day of the Russian invasion. According to its findings, 80 percent of respondents said […]

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

By admin 7 Ιανουαρίου 2022 No comment

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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

Ermioni Tourism Project Gets Fast-track Approval

By admin 30 Δεκεμβρίου 2021 No comment

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The town of Ermioni, Argolis. Photo © GTP Greek authorities approved on Wednesday four strategic investments, among these a tourism resort plan, budgeted at 436 million euros and set to create 550 new jobs in total. An interministerial committee meeting on strategic investments chaired by Development & Investments Minister Adonis Georgiadis decided to grant the […]

Study: Senior Tourism is a €13.6bn Opportunity for Greece

By admin 3 Δεκεμβρίου 2021 No comment

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Senior tourism could contribute 13.6 billion euros to Greece’s economy and generate 173,000 jobs in five years, according to a study released by research and policy institute diaNEOsis. Senior tourism is a sector divided into short-term holidays and “snowbird” travel, a term referring to visitors that stay in a place for long periods by renting […]

BoG Forecasts 5% Growth for Greece in 2022 Driven by Tourism

By admin 8 Νοεμβρίου 2021 No comment

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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 […]

Major Hotel Brands Have Big Plans for Greece

By admin 26 Οκτωβρίου 2021 No comment

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The rooftop facilities of Athens Capital Hotel-MGallery Collection. Major international hospitality brands including Melia and Accor are betting on Greece, announcing plans to expand to the Greek market during the 22nd hybrid Prodexpo event held in Athens this week. Greece appears to be attracting investor interest mainly in hospitality and tourism driven in large part

Crete’s Gournes Project Attracts Four Bidders

By admin 18 Οκτωβρίου 2021 No comment

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Photo source: HRADF A tender for the exploitation of the former US military base of Gournes in Hersonissos, Crete has attracted four bidders, the Hellenic Republic Asset Development Fund (HRADF) announced on Friday. More specifically, Club Hotel Casino Loutraki (Comer Group, UK) – Lyktos Holding SA, Dimand SA (real estate development, Greece), Reds (real estate […]

Study: Greek CEOs Optimistic About post-Covid Future

By admin 8 Οκτωβρίου 2021 No comment

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Greek CEOs who participated in a recent KPMG survey appear to be optimistic about the day after Covid-19 with 82 percent expressing confidence in the country’s future potential for growth compared to 66 percent before the pandemic. The 7th CEO Outlook study carried out in July and August this year on 50 Greek executives active […]

Kalamata Airport in Greece on Track for Development

By admin 1 Οκτωβρίου 2021 No comment

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Kalamata Airport. Photo Source: Hellenic Civil Aviation Authority (HCAA) The tender for the selection of a preferred consortium of consultants for the development of Kalamata Airport in Greece has been completed, the Hellenic Corporation of Assets and Participations (HCAP) announced on Wednesday. According to Greece’s assets body, the consortium of Deloitte Business