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  1. Public investment under spotlight amid arguments over budget execution
    Photo by MacroPolis

    EconomyMacroeconomy

    funds 166 million and 859 billion by other legal entities, to make up the actual spend of 4.97

    20%

  2. Newsletter 235 -17/01/2020

    Newsletters

    was 2.82 billion, municipalities spent 1.12 billion, social funds 166 million and 859 billion

    20%

  3. Tourism could give economy annual 5 bln boost, NBG report finds
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyFeatures

    season between June to September resulted in annual Greek hotel occupancy rates of 27 percent... investments of around 1.2 billion are required annually. This would essentially return hotel investments...). An upgrade in infrastructure is in turn likely to attract higher income tourists and thus boost both hotel

    18%

  4. Short-term rentals raise rents by average of 8.3 pct, study indicates
    Photo by MacroPolis

    EconomyFeatures

    having been captured by the hotel industry such as hotel tax, the study showed that the net loss... lost was connected to hotels, and would therefore have generated jobs in the hotel industry, Grant... in the short-term rental market and hotel industry and reduce their negative social impact

    18%

  5. Newsletter 222 -04/10/2019

    Newsletters

    to a convergence in the future. Athens looks to overcome APS snags Hotel owners sound warning over... Chamber of Hotels (HCH) who outlined the immediate impact on the Greek hotel sector. Alexandros Vassilikos, warned that no Greek hotel would be left unaffected by the demise of the British travel giant

    18%

  6. Covid-19 impact on tourism sector set to be extensive, report suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    . Domestic flight spending is expected to drop by 79 percent and spending on hotel and resort stays... on domestic flights. Spending on hotel and resort stays is expected to fall by 79 percent. In addition... hotel industry. It showed that 65 percent of year-round hotels and 52 percent of seasonal hotels felt

    18%

  7. Hoteliers staring at big drop in turnover as liquidity calls grow
    Photo by MacroPolis

    EconomyFeatures

    of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown... being a brake on hotel results.” He added that goal for 2020 now remained to salvage what could... as the available funds were not reaching the hotel industry fast enough.

    18%

  8. Watchdog's ruling in voter email leak prompts opposition calls for minister to resign

    PoliticsGreek Politics

    on the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified... for the European Parliament elections next month. Interior Minister Niki Kerameus has stressed

    17%

  9. 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

    16%

  10. 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

    16%