Features
Changes to primary residence protection proposed in bid to draw more applications
A bill bringing changes to the framework for the protection of primary residences was submitted to Parliament yesterday by the Finance Ministry, which is hoping to boost the number of applications.
Airport privatisation set for take-off as more sales head for runway
The privatisation of the Athens International Airport (AIA) moved forward a step this week when the Hellenic Republic Asset Development Fund (HRADF) announced that 10 investment schemes expressed interest in the first phase of acquiring a 30 percent stake in the airport currently held by HRADF.
Greece falls to 79 out of 190 economies in ease of doing business ranking
The latest Doing Business Indicators report for 2020 by the World Bank Group has shown that Greece fell to number 79 out of 190 economies worldwide.
Govt proposes property VAT reduction to kickstart home sales
The government is taking measures to reduce the VAT on all properties built from 2006 onwards in order to kick-start the country’s stagnant property market.
Plans for Hellinikon development set out, emphasis on real estate revenues
New details about the development project at the former Athens airport, Hellinikon, have revealed that building work is expected to begin in 2020.
Greece tugged down in WEF competitiveness ranking by financial system, institutions
The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell two places in a year, standing at number 59.
Hotel owners sound warning over Thomas Cook revenue losses
The head of the Hellenic Chamber of Hotels (HCH) on Tuesday presented data outlining the immediate impact of the collapse of Thomas Cook on the Greek hotel sector.
Calls for measures to lessen impact of Thomas Cook collapse in Greece
The collapse of British travel firm Thomas Cook on Monday left around 50,000 tourists stranded in Greece, mainly on the country’s islands.
VAT gap remains high as non-compliance overtakes revenue rise
The European Commission's VAT Gap report has revealed that tax revenues in Greece increased in 2017, but this did not close the gap between expected and actual VAT revenues.
Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
The research arm of the Greek tourism institute, INSETE, has released a study breaking down the nature of tourism to Greece by geographic area and type of tourist.