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Greek economy

Greece Launches Restructure Process – Families Businesses On the Brink

Greece is instituting a new restructuring process for businesses in debt. SMEs question the scope of the Athens initiative.

Q3 Report Says Greek Hotels Lost Billions to COVID-19 So Far

A new analysis from GBR Consulting reveals that Athens and Thessaloniki hotels lost 79% and 67% of their revenue compared…

30-plus Greek Hotels to Be Auctioned Off in the Coming Weeks

Some 30-plus hotels across Greece are to be auctioned in the next few weeks on acccount of inactivity related to…

An Ernst & Young Report Reveals a Horrible 2020 Greek Tourism Outlook

An Ernst & Young report estimates that the Greek tourism sector will lose €10 billion euros in 2020 on account…

Greece’s Yaroufakis Warns of Catastrophe Without Decisive EU Moves

Yanis Varoufakis, Greece's former finance minister says his country will be the hardest hit by the economic turmoil.

Greek Tourism Minister Theoharis Addresses Coronavirus Effects

The Greek ministries of economy, development, and tourism are looking at measures to support business owners affected by Covid-19 outbreak.

Greek Hoteliers Get Ready for 2020 Season Balancing Act

Greece's 2019 tourism season warns of a disastrous 2020. Unless stakeholders think outside the box, Crete and other markets will…

Greece Hospitality Body SETKE Welcomes New Tourism Bill

The Greek Confederation of Tourist Accommodation Enterprises (SETKE) welcomes a new law covering thematic and special interest tourism.

Athens Named European Capital of Innovation for 2018

Athens, Greece has been named the 2018 European Capital of Innovation for the innovative it's overcome social and economic challenges.

Greece’s Ministry of Economy Pledges Tens of Millions for Tourism SMEs

The Ministry of Economy of Greece has announced that Greek small and medium-sized enterprises (SMEs) active in tourism can now…

Handelsblat: Robust Tourism Driving Greece out of Crisis

Tourists continue to flock to Greece despite the recent deadly fires outside Attica, reports German business paper Handelsblat days after the World Tourism Organization (UNWTO) reassured…

Interrail & Attica Group Connect on Super Economy for Tourists

The Interrail Greek Island Pass is a product of the train services of Greece in cooperation with the Attica Group…

Euro – Greece Futures: Are They Parallel?

As Greece slides further into the unknown, many European travel companies are reportedly preparing for the country to exit the…

Eurozone – European Travel Gone Critical

The Eurozone is in deep trouble. The piling up of debt for member states now affects every country, every industry,…

New Steps for Greece in Cruise Market

Greece has just brought into effect new rules that will benefit the travel industry there. For cruise lines, new fee…