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Product Price Hikes Across 32 Greek Isles as of Jan. 1

Products and services on 32 islands in the Dodecanese and North Aegean Region will go up as of January 1, 2018, due to new VAT rates.
Posted On 11 Aug 2017

Greeks Invest $2.93bn in Second-hand Ships in 7-month Period

Over the first 7 months of 2017, Greek shipowners invested $2.93 billion on 175 second-hand ships, compared to 153 worth $1.95 billion in 2016.

Greece Still Slow to Attract Tourism Investment

Investors seeking to place their money on tourism projects in Greece are becoming all the more reluctant due to time consuming procedures.

Greece Hotels Under Public Revenue Authority Scrutiny

Greece's independent Authority for Public Revenue said it would begin inspections of hotel businesses across the country in efforts to curb tax evasion.
Posted On 28 Jul 2017

Greece Hospitality Tax to Hamper Small Hotel Upgrades

A new accommodation tax set to take effect next year is expected to put a damper on plans by smaller hotel units to renovate or upgrade.
Posted On 28 Jul 2017

Potential for Alexandroupolis Port, Tender in the Fall

A tender for the management of Alexandroupolis port in northeastern Greece, is set to be launched in the fall, the port authority announced this week.
Posted On 27 Jul 2017

One in 10 New Hotels in Greece a Five-Star

Hospitality and accommodation in Greece is becoming better than ever with one in five new hotels offering five-star services.
Posted On 25 Jul 2017

Atalanti Hills Tourism Project Gets Long-awaited Ministry Approval 

A stalled 1.3-billion-euro investment by Lokros Real Estate in the Atalanti area has received the approval of the tourism and environment ministries.
Posted On 24 Jul 2017

Which Greek Tourism Businesses are Eligible for Subsidies

Investors seeking to launch tourism businesses can benefit from subsidies of up to 200,000 euros, as part of a a new NSRF program.

Greek Shipowners Union Chief Calls on EU to Support Sector with Policies

Ιt is vital that Greek shipping remains internationally competitive, Union of Greek Shipowners (UGS) President Theodore Veniamis said.

Folli Follie Group Turns to Tourism for New Lifeline

Athens based Folli Follie Group aims to tap into the ever growing tourist flows to Greece as part of its expansion strategy.
Posted On 03 Jul 2017

Thessaloniki Port Authority Management Has Big Plans

Transforming Thessaloniki port into a gateway to the Balkans is the priority of a consortium of three companies, which have stepped in as the port’s new managers.

Economy Minister: Greece to See Signs of Growth, More Investments in 2017

The Greek economy will mark the first signs of growth this year and see an increase in investments, according to Economy and Development Minister Dimitris Papadimitriou.

IOBE: Thessaloniki Port Privatization to Bring in €1.6bn in Next Decade

The privatization of the Thessaloniki Port Authority is expected to contribute to GDP growth in Greece by up to 1.6 billion euros by 2026, IOBE think-tank says.
Posted On 22 Jun 2017

Greece’s Deal with Creditors Puts Tourism, Business Sectors at Ease

Greek tourism professionals hope that the deal reached between Greece and its lenders will lift the lingering uncertainty and allow tourism to grow.

Lamda Development Submits Master Plan for Hellinikon Mega Project

Lamda Development, the selected investor for the development of Athens' former airport in Hellinikon, has submitted its master plan to Greece’s assets fund.

Limited Investment Thwarting Greece’s Recovery, Report Says

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

Three More Central Athens Hotels in the Pipeline

A tender for the long-term lease of three properties in central Athens is expected to be announced by the Bageios Foundation in the coming months.

PwC: Transport, Tourism & Energy Projects Key for Growth in Greece

Transport infrastructure, upgrading, building and completing key tourism related projects are among the priorities the Greek government must implement to see growth, according to a PwC report.
Posted On 13 Jun 2017

Popular Greece Tourist Spots on Taxman’s Agenda

Businesses, including beach bars, cafes, restaurants, hotels and entertainment venues at popular Greek destinations have come under the scrutiny of tax officials.