Greece may have exceeded revenues and arrivals projections for 2021, but Greek Tourism Confederation (SETE) President Yiannis Retsos is still reluctant to express optimism in view of limited liquidity for hundreds of Greek accommodation enterprises. “A four-month tourism season is not enough to cover massive losses,” said Retsos. According to the
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 […]
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 […]











