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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammecurrently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel... on hotel accommodation since prices would be set for an 8 percent increase. Smaller price increases
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Greece close to agreement that would unlock sale of Astir Vouliagmenis
Economyhotel (85.35 percent owned by NBG) and the Vouliagmeni marina (fully owned by Astir Palace) with the total size of the hotel complex at 120,000 square meters. Market sources indicate that NBG would
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Greek tourism: Hopeful yet uncertain for 2016
EconomyFeatures. The Lesvos Hoteliers’ Association reported in February that hotel bookings on the island were down... hike from 23 to 24 percent and a levy on overnight hotel stays. With the tourism season proper set
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Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
Featuresin domestic tourism expenditure of 63.9 percent. Regarding investments in the hotel sector, investment for the construction of new hotel rooms and repair or renovation of existing rooms came to around 1.54
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Govt trails transition out of lockdown as training vouchers stir controversy
PoliticsGreek Politicsthat pockets of high risk remain. It was announced on Tuesday that 100 asylum-seekers housed in temporary hotel... of the facility’s occupants and employees. The hotel, which houses 470 asylum-seekers, has been placed under
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Newsletter 255 -26/06/2020
. The hotel workers’ association on Rhodes, for instance, estimates that up to 40,000 workers in hotel and catering on the island are unemployed, while just 15 percent of hotels plan to open in July
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Newsletter 259 -24/07/2020
regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel
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Greece among hardest hit in Covid-related drop for European arrivals
EconomyFeaturestrend in August would not continue into the following months. In terms of hotel occupancy rates... through to September. France performed the best with a decline of 42 percent in their hotel occupancy
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It remains a mystery
AgoraThe Wall Street Journal leaked this week the minutes of an International Monetary Fund board meeting in May, 2010, just a few days before Greece signed its first bailout. The extracts reveal that there was serious concern among about a third of the country representatives, who raised serious
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How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A
PoliticsGreek Politicswall in its discussions with technocrats from the European Commission, European Central Bank
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