Thursday September 18, 2014 Search
Weather | Athens
27o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Annual investment of 3.3 bln euros can take arrivals to 24 million

By Stathis Kousounis

The investing momentum in Greek tourism will grow along with an increase in political stability, the implementation of reforms and the restoration of the local credit systems normal operation, the head of the Association of Hellenic Tourism Enterprises (SETE), Andreas Andreadis, has told Kathimerini.

He notes that according to the SETE road map, Greece can achieve up to 24 million arrivals from abroad per annum after seven years, and revenues ranging between 18 and 19 billion euros that will boost the economy by 9 percentage points if there are investments of 24 billion euros by 2021 i.e. 3.3 billion per year. Some 4 billion euros of that could come from European Commission subsidies and the rest from the private sector.

We are expecting to hear about the countrys growth plan for tourism from the prime minister at SETEs general meeting on Wednesday, while Greece will present its overall strategy for growth at the Eurogroup on May 5, said Andreadis. He added that the sector has carried out detailed preparation regarding target markets and tourism products that can attract customers, as well research into the necessary infrastructure per region.

According to the SETE chief, what will be needed, in addition to prudent utilization of the small EU subsidies, to strengthen the extrovert sections of the economy is considerable moves toward an improved, stable and attractive tax system and the amendment of the investment incentives law as well as its application.

For this year, Andreadis estimates Greece will exceed its targets of 18.5 million international visitors and 13 billion euros of tourism revenues. He stressed there are 1.5 million additional air seats planned for Greece this year, half of which are scheduled for Athens Airport. The rises in bookings from all markets are in the double digits, and even domestic tourism is showing some clear signs of a rebound.

The only questions remaining about the countrys tourism performance this year concern the crucial markets of Turkey, Russia and Ukraine, concluded Andreadis.

ekathimerini.com , Sunday April 27, 2014 (21:46)  
Very lucky punters set to be probed
London roadshow starts with record turnout
Banks set to request 6.1 bln under TLTRO
More efforts to cut the price of milk
Police report identifies officers with ties to Golden Dawn
A year after the killing of leftist rapper Pavlos Fyssas by a Golden Dawn supporter amid allegations of links between the neofascist party and the Hellenic Police, a report by the forces in...
Increasing number of mayors blocking contract reviews
The number of mayors refusing to comply with the governments demand that they submit the contracts of all municipal employees who had their fixed-term deals turned into open-ended agreement...
Inside News
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
SOCCER
Mitroglou rediscovers scoring touch after Fulham let-down
Costas Mitroglou banished the memories of his disappointing spell in England after breaking a 10-month goal drought as Olympiakos Piraeus secured a thrilling 3-2 Champions League win over At...
Inside Sports
COMMENTARY
Loud patriotism
I admit that whenever politicians drag religious faith and worn-out patriotism into discussions I button up. I feel the same way when I see bishops blatantly getting involved in politics. To...
EDITORIAL
In need of a second wind
Greek Prime Minister Antonis Samaras and a few of his ministers have gone to great lengths to see Greece regain credibility in the eyes of its partners. Given that the state mechanism is not...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Very lucky punters set to be probed
2. London roadshow starts with record turnout
3. Banks set to request 6.1 bln under TLTRO
4. More efforts to cut the price of milk
5. Skiathos tops Greeks online summer holiday searches
6. IMF departure gets on the table
more news
Today
This Week
1. SYRIZA victory would spark a bank run, PM reportedly warns
2. Loud patriotism
3. Production of the new Pony to start by the end of the year, NAMCO says
4. Davutoglu calls for a two-state solution in Cyprus
5. In need of a second wind
6. Tsipras to meet with Pope Francis on Thursday
Today
This Week
1. Greece on standby
2. Avramopoulos appointed Commissioner for Migration and Home Affairs
3. Central Athens traffic restrictions back in force on Monday
4. Greece at bottom of social justice scale among EU28
5. EU bank tests may miss trillion dollar risk, study finds
6. Lost in the fog
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.