ECONOMY

Greece slides in travel and tourism competitiveness

Greece dropped two places in the Travel & Tourism Competitiveness Report presented yesterday by the World Economic Forum, as it slid to 24th this year among 133 countries. Cyprus and Belgium both overtook Greece, leaving the latter ranked 18th in Europe. Greece’s advantages are its cultural resources, high level of health services, tourism infrastructure and the priority given to tourism. The main problem is deemed to be the regulatory framework as it hampers the sector’s growth. Recommendations to Greece include improving infrastructure, protecting the environment, enhancing the business and regulatory framework and further upgrading human resources.