Commission: 557 million euros to the Greek economy in order to extend the tourist season

EU funds off 557 million euros will be channeled to the Greek economy in 2014-2020 to extend the tourist season and boost tourism arrivals, European Commission spokesman Margaritis Schinas said in a conference of the Greek Tourism Confederation (SETE).

Schinas referred to COSME programme that aims to encourage entrepreneurship and promote the creation and development of enterprises including SMEs in the tourism sector.

Last year the Juncker Commission added an innovative new financing instrument, the Juncker investment plan totaling 315 billion euros that has already produced tangible results through the leverage of EU funds with private investment capital.