
The European Commission today gave the “Green light” for the support program that will strengthen tourism businesses.
At the same time, Prime Minister Kyriakos Mitsotakis will have a meeting today at 14:00 with representatives of tourism companies, on the subject of the announcement of the government’s plan for the implementation of a special state aid regime.
This will take the form of a working capital grant to cover operating expenses during the first months of their restart.
The total amount of aid to be given to companies amounts to 425 million euros, of which 350 will come from the NSRF and 75 million euros from the Public Investment Program.
According to information, the amount of aid will correspond to 5% of the turnover of 2019, while the maximum amount of support has been set at 400,000 euros per VAT number.
A necessary condition for joining this action is the reduction of the turnover recorded by each company in 2020 is greater than or equal to 30% of the corresponding turnover of 2019, while each company in 2019 is required to employ at least one employee for 12 months.


Latest News

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread