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Greek Tourism Sector Promises to Soften VAT Increase Blow on Hotels, Islands

Tourism professionals in Greece will make efforts to absorb costs of the recent increase of value-added tax (VAT) rates on hotels and islands, a measure that "clearly affects the competitiveness of Greek tourism", the president of SETE, Andreas Andreadis, recently said in an...
Posted On 04 Oct 2015

Russian Airline Transaero Expected to Cease Operations Any Day

Russia's second-largest airline, Transaero, is expected to cease operations any day following the collapse of a takeover plan, international media reports said on Friday.
Posted On 04 Oct 2015