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  1. Proposed VAT overhaul a stepping stone towards agreement with lenders?

    EconomyProgramme

    currently 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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  2. Greece close to agreement that would unlock sale of Astir Vouliagmenis

    Economy

    hotel (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

    13%

  3. Greek tourism: Hopeful yet uncertain for 2016
    Photo by MacroPolis

    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

    13%

  4. Alpha and NBG complete sales of hotels
    Photo by MacroPolis

    EconomyBanking

    Two of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans...) in the Athens Hilton hotel. Home Holdings was declared preferred bidder for the acquisition of the Hilton

    13%

  5. Greek stocks drop 1.5 pct during week amid subdued trading activity
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    . Alpha Bank completed last Friday the sale of its 97.3 percent stake in Ionian Hotel to Home Holdings... refinancing of Ionia Hotel debt of 67.2 million. Alpha Bank also completed on Wednesday an SME

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  6. Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
    Photo by Panayotis Tzamaros/Fosphotos

    Features

    in 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

    13%

  7. Govt trails transition out of lockdown as training vouchers stir controversy
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    that 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

    13%

  8. Newsletter 255 -26/06/2020

    Newsletters

    . 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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  9. Greece among hardest hit in Covid-related drop for European arrivals
    Photo by MacroPolis

    EconomyFeatures

    trend 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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  10. New Year reshuffle brings more MPs into cabinet, keeps key ministers in post

    PoliticsGreek Politics

    the deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis

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