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1、GreekTourismIndustryUpdate30.10.2013IntroductionTheglobalinvestmentcommunitymakesdecisionsbasedonavarietyoffactors:stability,timing,location,potential,andopportunitybeingsome.AsGreecebeginstobenefitfromanextraordinarycourseofdeep,structuralreform,investorsarebeginningtobenefitfromoursuccessin
2、carryingoutsuchreform.Today,Greeceisdemonstratingtheresultsofitslongheldresolvetoenactmeaningfulchange,createabusinessfriendlyenvironment,andattractinvestmentinkeyareas.Recentresultsoftwomajorstudies,theWorldBank’sDoingBusinessindicatorsandtheWorldEconomicForum’sCompetivenessReport,showaposit
3、ivetrendinremovingstructuralbarriersandtacklingregulatoryfailings,andamarkedimprovementineducation,infrastructure,andtechnologicalreadiness.NewlegislationtofurtherimprovetheFastTrackprocessandprovidelong-termresidencepermitstostrategicinvestorsandthosewhopurchaserealestatevaluedat250,000Eurou
4、pwards,furtherindicatetherelentlessdrivewithwhichGreeceismovingforward.Thefactthat2013isprovingtobethemostsuccessfulyearforGreektourism—withmorethan17.5millionvisitorsexpectedbyyear’send—reflectsthehugelypositiveimageGreecehasestablishedamongtravelersfromtheworldover.Anditisevidenceofthevastp
5、otentialtoinvestinthetourismandrealestatesectors.Equallyimportant,aconfirmationofGreece’sgeostrategiclocationiscomingtotheforefrontasmorecompaniesareselectingGreeceasalogisticshubfortheiroperations.RecentexamplesincludeHP,PhillipMorris,andChina’sZTECorporation,allofwhichareinvestingsignifican
6、tsumsbasedonmeasurablebenefitsandlong-termforecasts.AsoureffortstoimprovethebusinessenvironmentinGreeceintensifyandinvestormomentumcontinuestobuild,weexpectthenext12monthstobedecisiveinhighlightingnotonlythesuccessofourreformeffortsbutthetotalconfidenceinvestorsnowhaveinselectingGreeceastheir
7、investmentdestination.LatestDevelopmentsinTourism,2013arecordyearforTourisminGreeceGreece’sMediterraneanclimateisidealforyear-roundtourismandoneofthecoreprioritiesofGreecetodayistocreateadynamic,sustainable,four-seasontourisminfrastructuretha
