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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

    14%

  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

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  4. 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

    14%

  5. 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

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  6. 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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  7. Current account deficit at 624.1 mln in October as goods balance worsens
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    from a fall of 2.1 billion euros in holdings of foreign bonds and T-bills. A net increase...-Bills. A net decrease in liabilities was driven by a fall of 1.5 billion in non-residents holdings... in October from 6.56 in September, reflecting a fall of 155 million euros from the figure for the same

    14%

  8. December current account deficit at 1.24 bln on falling services balance
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    an 18.2 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net fall in liabilities... prices, respectively. As mentioned, the services balance recorded a fall of 16.3 percent... despite a slight fall in international arrivals, this was offset by a 26.5 percent rise in travel

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  9. July current account shows surplus of 1.58 bln as tourism drives services surplus
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    to a 1.2 billion-euro fall in non-residents' holdings of Greek government bonds and T-bills. During... a fall of 8 percent YoY to 166.3 million. On an aggregate basis, the C/A deficit worsened by 524 million... a net decrease in residents’ external assets which stems largely from a fall of 128 million euros

    14%

  10. Feb current account deficit at 990.4 mln as services balance improves
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by a fall of 548 million in the holdings of foreign bonds and T-bills. A net increase in external... displayed a net decrease in residents' external assets, due mostly to a fall of residents’ holdings...’ net external assets showed a fall of 26 million euros. The most notable transaction reported

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