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  1. New fiscal measures aim to edge Greece closer to deal with lenders
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    of 6.5 percent for hotel accommodation, medicines, books,newspapers, magazines and theatre. In addition.... However, if the reduced VAT rate on hotel accommodation of 6.5 percent is to be abolished, the MoF would reconsider imposing this new tax as the impact on hotel accommodation could be significant. 7

    18%

  2. Greece seeks to finalise 1 pct of GDP in new tax measures to close review

    EconomyMacroeconomy

    euros. 3) A levy on hotel stays of 1-5 euros per night, according to the hotel’s category... rates or for not increasing the hotel VAT from 6.5 to 13 percent. 4) Increase in the excise tax

    18%

  3. Greek banks conclude series of corporate actions as part of restructuring

    EconomyBanking

    the sale and transfer of its 97.3 percent stake in Ionian Hotel, which owns Athens Hilton Hotel, to Home..., including the refinancing of Ionian Hotel’s existing debt of 67.2 million. According to Alpha

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  4. No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
    Photo via Fosphotos

    EconomyProgramme

    that will lead to the extension of the sectoral labour contract for hotel workers to cover all the employees in the field. The new contract is compulsory for all hotel employees and foresees a 1.5 percent rise... increase of 1.5 percent in 2019. According to reports, there are 114,000 workers in the hotel sector

    18%

  5. Newsletter 244 -20/03/2020

    Newsletters

    countries in the curve. Thousands of businesses affected by Covid-19 Hotel industry reports coronavirus... (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due... will directly threaten 38,234 jobs, which represents 20.5 percent of total hotel employment unless immediate

    18%

  6. Newsletter 253 -12/06/2020

    Newsletters

    sharp decline in hotel activity By activity, the accommodation index fell by 22.1 percent YoY in Q1, reflecting coronavirus-related hotel closures. The turnover index in accommodation and food services... by 22.1 percent YoY in Q1, led by coronavirus-related hotel closures, while the food service index

    18%

  7. Tourism sector struggles as it prepares for full reopening in July
    Photo by MacroPolis

    PoliticsGreek Politics

    by the story of the 9-year-old daughter of an unemployed hotel worker in Rhodes apparently fainting... dependent on seasonal tourism. Commenting on the story on ERT TV, the president of the hotel... that up to 40,000 workers in hotel and catering on the island are unemployed, while just 15 percent

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  8. Newsletter 197 -8/03/2019

    Newsletters

    but lower by 9,235 persons year-on-year. Apartment prices up by 2.5 pct in Q4 Annual rise comes to and 1.5 pct in 2018 The nominal value of apartments in Greece during the fourth quarter (Q4) of the year... contraction of 1 percent in 2017. Compared to the previous quarter, apartment prices rose by 0.7 percent

    17%

  9. Newsletter 210 -07/06/2019

    Newsletters

    and Greek Solution 2.5. Eurozone postpones fiscal issues until Sept Apartment prices show increase in Q1..., apartment prices rose by 1.7 percent, picking up against the rise of 0.8 percent between Q3 and Q4... that the The rise in the nominal value of apartments in Greece came to 4 percent year-on-year (YoY

    17%

  10. Newsletter 232 -13/12/2019

    Newsletters

    near-zero yield Apartment prices up by 9.1 pct in Q3, hitting series high Greece is rounding off... to the tourism industry and short-term lettings. The latest YoY apartment price increase overall beats... value of apartments in Greece came to 9.1 percent year-on-year (YoY) in the third quarter (Q3) of 2019

    17%