Friday March 27, 2015 Search
Weather | Athens
14o C
09o 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)  
Bank deposits lost another 7.6 billion euros last month
Cash concerns keep Athens bourse action tight
Athens among top tourism destinations
High prices weigh on local organic market
ND, PASOK say coalition signed up to tough terms
Former Prime Minister Antonis Samaras on Thursday ratcheted up the rhetoric of the main opposition New Democracy party, which he still leads, in a scathing statement which accused the SYRIZA...
Greek defense minister heads to USA after controversy
Defense Minister Panos Kammenos heads to New York this weekend for Greek Independence Day celebrations after finding himself at the center of a controversy that led to the US Congress failin...
Inside News
BASKETBALL
All is well that ends well for Olympiakos
Young Ioannis Papapetrou helped Olympiakos stage an impressive last-quarter performance to beat visiting Efes Anadolu 86-75 on Thursday and bring its Euroleague losing streak to an end. The ...
BASKETBALL
Reds survive KAO Dramas scare in Piraeus
KAO Dramas gave depleted Olympiakos a scare at the Peace and Friendship Stadium on Monday, but the league leaders eventually managed to get their 20th win in 21 games. The Reds won by 10 (72...
Inside Sports
COMMENTARY
Time to get moving
More than two months have passed since the elections and the government has to stop running around in circles and adopt a program of specific reforms, with detailed calculations as to their ...
COMMENTARY
A competent crew is key
Greek politicians are mostly strangers to technocratic management and deft bargaining. The political system has regrettably unraveled the countrys public administration a process set in m...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. All is well that ends well for Olympiakos
2. ND, PASOK say coalition signed up to tough terms
3. Greek defense minister heads to USA after controversy
4. Police find Xeross bomb-testing spot
5. Judges send 32 to trial for kickbacks in submarine deal
6. Greek, Chinese FMs discuss deepening countries ties
more news
Today
This Week
1. Greece optimistic on deal with euro area next week
2. Opposition renews calls for minister to resign over legal cases
3. Greek foreign minister explores deepening of ties with China on Beijing visit
4. Stathakis against scrapping tax breaks for islands
5. Fed's Bullard: Grexit would be a Greek issue, not a euro issue
6. New Xeros safe house found near Athens, police say
Today
This Week
1. Next Monday is D-Day for state funds
2. Total victory is unattainable
3. EU asks Greece for more reforms to speed talks on bailout
4. PM faces Merkel amid race to detail reforms
5. New book by ex-US diplomat delves deeper into the recesses of Greek terrorism
6. Some more equal than others
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.