Greece needs investments in tourism to the tune of some 5.5 billion euros between 2017 and 2023 if it wants to meet increasing demand from abroad and recover domestic demand, according to a National Bank of Greece (NBG) Economic Analysis Department study released this week.

For Vladimir Putin, tourism breeds trust and friendship between people. So he said one day before his official visit to Athens on Friday, in an interview to Greek daily Kathimerini.

The amount of tourists flocking to Cyprus between January to August increased by 6.2%, in comparison to the same time period last year.