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  1. 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.

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  2. Newsletter 74 - 20/05/2016

    Newsletters

    was marginally above target. A primary expenditure underspend of 1.82 billion helped the surplus. Apartment prices down Greek apartment prices fell by 5 percent in Q1 this year, compared to a 5.3 percent.... Apartment prices also eased quarter-on-quarter for the 20th consecutive quarter, albeit marginally

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  3. Newsletter 151 -16/02/2018

    Newsletters

    to winter sales. Apartment prices fall by 0.3 pct in Q4 2017 Average price drop for the year comes to 1... to the previous quarter, apartment prices rose by 0.5 percent compared to a contraction of 0.1 percent in Q3 2017... observed in the last seven years. The drop in the nominal value of apartments in Greece came to 0.3

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  4. Rise of property prices continues with 4.6 pct increase in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    . Apartment prices in Greece began to decline in the first quarter of 2009. The biggest annual fall was posted.... The sharpest quarterly rate of decline was seen in Q1 2012, when apartment prices showed a YoY drop of 12.8...The rise in the nominal value of apartments in Greece accelerated to 4.6 percent year-on-year (YoY

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  5. Apartment Prices, Year on Year
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    Charts

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  6. Apartment Prices Index
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    Charts

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  7. 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

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  8. 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

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  9. 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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  10. 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

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