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Strategic Tourism Investment on Crete Worth €408m Gets Green Light

A Greek committee that oversees "strategic investments" has approved a foreign direct investment worth 408 million euros planned for Agios Nikolaos on Crete.
Posted On 07 Aug 2017

University Of Aegean Announces Special Lectures For Greek Tourism Enterprises

The University of the Aegean in Greece has launched lectures for tourism professionals regarding the efficient use of water and energy in tourism enterprises (hotels, lodgings, restaurants etc).
Posted On 07 Oct 2014
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Reduced VAT Rate Begins 1 August, What Applies To Hotels

Value-added tax (VAT) on Greek food services will be set at 13 percent (from 23 percent) as of 1 August until 31 December, at restaurants, bars, taverns and hotels.
Posted On 31 Jul 2013
Olga Kefalogianni
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Kefalogianni Calls On Professionals To Cooperate So VAT Cut Becomes Permanent

“The VAT reduction is important for tourism because it strengthens our competitiveness, especially in a period when competitiveness is the main issue,” Greek Tourism Minister Olga Kefalogianni told the press on 17 July in regards to the recent reduction of the VAT rate in the...
Posted On 17 Jul 2013
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UPDATE: Greek PM Announces VAT Reduction In Food Service Sector

Greek Prime Minister Antonis Samaras announced on Wednesday 17 July that the VAT imposed on restaurants, hotel restaurants, cafeterias and bars will be reduced from 23 percent to 13 percent as of 1 August 2013.
Posted On 17 Jul 2013
Greek salad (www.traveljournals.net)
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VAT Cut For Greek Restaurants Not Certain

Greece's Finance Ministry will decide on a possible VAT decrease on food catering services in June only if Greece reaches its revenue targets, according to Greek Finance Minister Yannis Stournaras.
Posted On 09 May 2013

AIA Launches “Athenspotlighted” Program

Athens International Airport's (AIA) CEO Yiannis Paraschis presented the “athenspotlighted” program last month, an initiative that aims to boost the attractiveness of Athens as a city break destination.
Posted On 01 Dec 2011

Restaurant VAT Hike Causes Stir

“The increase of the VAT on food catering services will not affect the taxation of all-inclusive tourism packages sold abroad,” Finance Minister Evangelos Venizelos said during a press conference in late August. The Greek Government received criticism from restaurant owners and...
Posted On 01 Oct 2011

Hoteliers Criticize Restaurant VAT Hike

The increase of the VAT for restaurant services in Greek hotels from 13 to 23 percent (a 77 percent hike) would reduce the competitiveness of the country’s tourism product, the Hellenic Chamber of Hotels said recently in an announcement.
Posted On 01 Sep 2011

Greek Tourist Enterprises Enters New Phase

After sitting quietly since its inception some two years ago, the holding company formed to manage the Hellenic Tourism Organization's extensive list of properties seems ready to enter a new phase. At a recent press call to present the company's new chairman, Stefanos...

Greece Opens Entertainment Park

Just a few days before the start of the new millennium, the Village Entertainment Park opened its doors to the Greek public. Promoted as the largest such leisure park, not only in Greece but also in all of Europe, the 40-billion-drachma venture sports 20 cinema screens, 45...

Star City Project Begins Next Month

Construction on a major league tourism and recreation park in the Athens area gets underway next month. The 18-billion-drachma "Star City" venture covers some 278,000 square meters of beachfront property in the Athens suburb of Glyfada.

Strintzis Launches Blue Star I

Strintzis Lines launched the first of a new group of luxury passenger ferries recently at the Dutch shipyard van der Giessen-de Noord. After the ship received the blessings of a Greek Orthodox priest, Dutch Transport, Public Works and Water Management Minister Tiny Netelenbos...

Four New Superfast Ferries In The Baltic Sea In 2001

Superfast Ferries (Attica Enterprises) announced plans last month to deploy four brand new ultramodern car-passenger ferries - Superfast VII, VIII, IX and Χ - in the Baltic Sea in 2001.