GREEK TOURISM REMAINS THE MAINSTAY OF THE ECONOMY

Andrew J. Wein -
Greek tourism revenues account for almost a third (up to 30.9%) of the country’s GDP (Gross Domestic Product). It amounts to 47.4 to 57.1 billion euros, flowing from the sector into the economy. ...

HIGH TAXES TO IMPACT GREEK TOURISM

Wayne M. Gore -
Greek tourism is booming. Since 2013 the industry has been setting new records every year. It is soon expected to make up a quarter of the country’s GDP. However, the new high taxes might have a negat...

CYPRUS TOURISM ANNOUNCED RECORD REVENUES IN 2016

Sara Thopson -
In 2016, the Mediterranean island of Cyprus accrued its highest ever tourism revenue, taking advantage of, among other things, its popularity as a destination for British and Russian tourists – accord...

NEW GREEK GOVERNMENT TO FACE A TOURISM SLOWDOWN

Laura Maudlin -
Last week, Greece was struck by a surprising phenomenon. The seaside resorts of Chalkidiki, in northern Greece, were struck by a tornado which lasted for 20 minutes. Despite the short period of time, ...

GREEK REAL ESTATE MARKET PUSHES THE TOURISM INDUSTRY TOWARDS GROWTH

Nik Fes -
The Greek tourism industry hurries from one success to another. Since 2012, the visitor numbers have almost doubled – to 30 million. Adding to this cruise passengers who land in Greek ports, it is eve...
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