Tourism investments concentrated nearly half of all funding under Greece’s 2016 development law, according to Economy and Development General Secretary Ilias Xanthakos who addressed the “4th Tourism Conference: Northern Greece – Welcoming Future Trends in Thessaloniki.”
Addressing the event organized by five bilateral chambers of commerce, Xanthakos pointed out that out of the 570 investment plans approved in the first round from an overall budget of 1.5 billion euros, 226 were related to tourism with an overall budget of 850 million euros.
Of the 226 projects, 110 concerned very small businesses, 68 small, 36 medium and 12 large enterprises.
In the second round under evaluation, 1,000 applications were submitted for a total budget of EUR 3 billion, with 460 of those concerning businesses that are active in tourism.
Up to now, he said, 2,500 projects have been included, having absorbed 409 million euro of public expenditure. An additional 200m euros have been added to fund more investment projects.
During the aforementioned conference, Athens Stock Exchange director Georgia Mourla underlined that more Greek tourism companies should be listed, as many foreign investors want to invest in tourism
The 4th Tourism Conference is organized by five bilateral chambers (Greek-American, Greek-British, Greek-French, Greek-German, Greek-Italian) at TIF-Helexpo AE.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
