Local Economy Archives - Greek City Times

Athens apartment buildings and property image

Airbnb Creates “Suffocation” in Athens: A City Under Pressure

The boom of Airbnb in Athens has transformed the city’s central neighborhoods into thriving tourist hotspots, driving up rent prices and displacing local residents. While tourism fuels economic growth, it also creates challenges for the city’s infrastructure and social fabric, prompting debates over sustainable management and regulation.

Peloponnese to Establish Greece’s Largest Certified Hiking Trail Network

The Peloponnese Region is set to develop Greece’s largest certified hiking trail network, spanning 1,729 kilometers. Supported by €2.95 million from the Recovery and Resilience Facility, the project includes trail upgrades, signage installation, and digital enhancements, aiming to boost sustainable tourism and highlight the region’s natural and cultural heritage.

Amorgos: A Greek Paradise at Risk?

The serene island of Amorgos, once a hidden gem in the Cyclades, is now facing the threat of overtourism. The proposed construction of a cruise ship terminal in the island’s main port, Katapola, has sparked heated debate among locals. Critics argue that the development will irrevocably alter the island’s character and damage its pristine environment.

‘Families Wanted’: Greek Village’s Viral Ad Offers Free Housing and Jobs to Combat “National Danger”

In the mountainous village of Fourna in Greece’s Evrytania region, residents are breathing life back into their beloved community by attracting young families through a grassroots effort that has gone viral.

European Commission Approves €40 Million for Flood Prevention in Athens

The European Commission has approved €40 million in funding to enhance flood prevention in Athens, focusing on the vulnerable Eschatia stream. This initiative aims to protect homes and businesses from future flooding, improve infrastructure, and boost climate resilience in the city. Along with previous investments, the project will safeguard over 300,000 residents and regenerate local urban areas.