March 16, 2020

Following the Covid-19 global epidemic, Greece has suffered in both short-term rental and hotel bookings. Tour operators and short-term rental management companies are experiencing a large number of cancellations for the months following April, given the increasing mea...

March 6, 2020

Louis Hotels, part of the Louis Group, has added the five-star Asterion Suites & Spa hotel to its portfolio of properties on the island of Crete.

Louis Group has announced that it will lease and manage the property located in the area of Platanias, Chania, and specifica...

February 27, 2020

Greece’s capital Athens has been voted as the second-best destination for 2020 by the European Best Destinations (EDB) competition. In 2019, Athens had been voted into 12th place.

The competition was held for the 11th consecutive year by the Brussels-based organisation...

February 12, 2020

Airbnb rentals have transformed the Greek hospitality sector, particularly in Athens. The number of flats that have been taken off-market to serve as Airbnb short-term tourist rentals is large and growing.

According to Greece’s Independent Authority for Public Revenue (...

January 27, 2020

Legendary Food is planning to turn the Arsakeio Arcade in Athens into a food hall with artisanal, gourmet and organic products from all over Greece.

Legendary Food was founded by two former bankers, Vangelis Kontzias and Panagiotis Triantafyllopoulos, brand strategist P...

January 14, 2020

On Monday, 23 December 2019, the Greek Ministry of Development announced that Greek businesses that have been affected by the collapse of Thomas Cook can apply to receive loans at subsidised interest rates.

Greek Deputy Minister of Development, Mr Yiannis Tsakiris, expl...

January 13, 2020

The Hellenic Ports Association (ELIME) announced a 14% increase in cruise ship arrivals and a 16% increase in passenger traffic in Greece in 2019. 
 
Cruise ship arrivals in 43 Greek ports reached 3,899 ship arrivals in 2019, up from 3,410 in 2018. Passenger arrivals r...

January 13, 2020

Bulgartransgaz has announced the purchase a 20% share in Greece’s Gastrade S.A. Gastrade is a project company owned by Copelouzos Group and the Natural Gas Company of Greece (DEPA). This investment confirms Greece’s attempt to transform itself into an energy transport...

December 25, 2019

On Monday 23 December, DEPA’s Board of Directors announced the approval of a 20% stake acquisition in GASTRADE’s equity. GASTRADE is the company currently developing the FSRU project in Alexandroupolis.

GASTRADE is developing an LNG Terminal in Northern Greece off the s...

December 23, 2019

Eurobank is on course to complete the restructuring of two loan portfolios with an aggregate value € 8 billion.

The deal includes two transactions:

(a) The sale of an 80% stake of Eurobank’s subsidiary FPS (Project Europe). FPS’ entire share capital has been valued at €...

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