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Lower Purchase Limits Boost Tax Free Shopping in Greece by 12%

Tax free shopping picked up pace in Greece over the last 12 months marking a 63 percent increase in sales and a 12 percent rise in purchase value.

Study: Greek Hospitality Sector Shows Signs of Financial Health

The Greek hospitality industry is leaving the crisis years behind, as it increased earnings by 3.6 percent and gross profits by 44.4 percent in 2016.

Tourism, Fiber Optics Projects for Skorpios Islet OKed by Greek Gov’t

Dozens of luxury villas and restaurants as well as a fiber optics network will be constructed on the Ionian islet of Skorpios.

Linking Agri-food and Tourism Set to Make Greece Stronger

Bringing together the country’s primary and secondary sectors can generate multiple economic benefits for Greece, it was concluded during a workshop in Athens.

Avis Hellas in Hands of Avis Europe – Turkey’s Otokoc

Avis Hellas will pass into the ownership of Avis Europe Holdings and Turkey’s Otokoc in a 318.1 million-euro deal, according to main shareholder Piraeus Bank.

Minister Says Hellinikon Project Moving Ahead ‘One Step at a Time’

Development of the delayed multi-million-euro Hellinikon project is moving ahead “one step at a time", according to Deputy Economy Minister Stergios Pitsiorlas.

Seasonal Tourism in Greece Takes Toll on Jobs

The seasonal character of Greek tourism has taken a toll on employment rates, with 98,420 lost jobs in October marking the end of the season.

Greek Island VAT Rise Not Bringing in Gains

Revenue from the elimination of a special tax status applicable on a number of Greek islands has proven disappointing, according to an October tourism survey.

Enterprise Greece: €1bn Worth of Investments in the Pipeline

One billion euros worth of investments are in the pipeline for Greece in the areas of tourism, energy, telecommunications and commerce.

Greece’s Economic Chamber Says Reduced Island Tax Status an EU Provision

The Economic Chamber of Greece is calling on the government to retain the special tax status applicable on Greek islands.

New Greek-US Committee to Encourage Investment Activity

Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt agreed to the creation of a Greek-US investment committee.

Four Seasons Astir Palace Hotel Athens Aiming for Spring 2018 Opening

The multi-million-euro revamp of the Astir Palace will proceed according to schedule with plans to open its doors to the public in spring next year.

Greek Hotels Becoming Attractive Investment Option

Increasing tourism flows and dropping prices are making Greek hotels an attractive investment choice with hospitality units on the islands winning over buyers.

Greek Economy Ministry Expects FDI to Exceed €4bn in 2017

The Greek economy is showing signs of recovery with the economy ministry expecting FDI to exceed 4 billion euros in 2017.

Greek Gov’t Seeking Way to Put Island VAT Hike on Hold

Α decision to eliminate a special tax status on the Greek isles may be postponed, as the government looks into ways to ease the tax load on its citizens.

Greek Fleet World’s 1st in Terms of Cargo Carrying Capacity

Greece’s fleet is the global leader in terms of cargo carrying capacity (dwt), according to the UNCTAD Review of Maritime Transport 2017.

Dolphin Capital Inks Deal with Kerzner for Kea Island Luxury Tourism Project

Dolphin Capital has entered into an agreement with Kerzner for the development of a luxury tourism project on Kea in Greece.

FS Italiane: Speed Train on Athens-Thessaloniki Route in January 2018

Ferrovie dello Stato Italiane, owner of Greece’s train operator Trainose, in January is aiming to launch a new passenger speed train to run the Athens-Thessaloniki route.

Chivas Venture Invites Social Entrepreneurs to Apply for Contest

Chivas Venture invites the next generation of Greek entrepreneurs to apply for its annual competition by November 13 and be selected for funding.

Greece Properties Selling to Foreigners, Golden Visa an Incentive

All the more foreign nationals are interested in buying property in Greece with the real estate market picking up pace, particularly due to the golden visa program.