Bank of Greece

 “Greek tourisn can contribute to the development, however, it has to reduce its seasonal nature,” stated the Governor of the Bank of Greece George Provopoulos in his speech at the conference Greek tourism and Climate Change: Adjustment Policies and...

While the messages for Greece’s tourism market are more than optimistic this year, domestic tourism appears to be the biggest loser. Greeks due to their bad financial situation won’t have the luxury to take a vacation this year and...

As the government tries frantically to satisfy international lenders it is making enough progress in reforms to trigger release of a delayed 8.1 billion euro ($10.6 billion) installment, Bank of Greece Governor Giorgos Provopoulos is jumping into the fray...

While Greece is hoping for a record tourist year and 17 million visitors, it didn't get off to a good start in the first quarter, with a decline of 1.5 percent in arrivals compared to the same period in...

The German weekly news magazine Focus in its article, A Fake Success Story, strongly criticizes the supposedly success story of Greece’s Prime Minister, Antonis Samaras. “Looks can be deceiving: The calm that seem to generally prevail, the lack of mass...

Even as he sounded optimistic about a rebound for Greece's economy and growing confidence from investors who had been badly burned in a write-down of debt, Bank of Greece Governor George Provopoulos said that recovery will be slow and...

Fitch Ratings has upgraded National Bank of Greece΄s, Piraeus Bank΄s, Alpha Bank΄s and Eurobank Ergasias΄ Long-Term Issuer Default Ratings to ΄B-΄ from ΄CCC΄, Short-term IDRs to ΄B΄ from ΄C΄ and Viability Ratings to ΄b-΄ from ΄f΄. The agency has also...

The number of tourists to Greece in 2012, a time of protests, strikes and riots against austerity measures, fell 5.5% as 15,517,622 people arrived to Greece, which means 909,625 fewer people than in 2011. This is the result of...

While much enmity remains between Greeks and Germans because of Greece's crushing economic crisis and the view from Berlin that it's because of a laissez-faire attitude about work, it hasn't kept German tourists from coming - and spending. On an...

Amid fears last year of a run on Greek banks when the country edged close to default, Greece's central bank had billions of euros of banknotes shipped in from other central banks to make sure there was enough money...