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Travel & Tourism industry news by Greek Travel Pages (gtp)

Special VAT Rate on Five Greek Islands Extended Until End of 2019

The reduced VAT regime for five Aegean islands in Greece – Leros, Lesvos, Kos, Samos and Chios – has once again received a six-month extension.

EIB ‘Committed to Unlocking Priority Investment in Greece’

The European Investment Bank (EIB) in 2018 financed a record number of projects in Greece, making it the largest beneficiary of EIB Group financing in Europe.

Athens Airport Concession Deal Near Completion

The finalization of the 20-year extension of the Athens International Airport (AIA) concession agreement is nearing completion.

Lower VAT on Five Greek Islands Extended for Six Months

The five islands in Greece that continue to receive refugee flows will maintain their special VAT status - 30 percent discount on rates - until June 30, 2019.

Revision to Greek Casino Law Paves Way for Hellinikon Project, Minister Says

An amendment to a law on the licensing terms for casino operations in Greece is expected to set the Hellinikon development project into action.

Greek PM Announces Government Reshuffle

Greece's Prime Minister Alexis Tsipras on Tuesday announced a cabinet reshuffle, keeping key members of the government in place while adding 13 new faces.

Minister Calls on Moscovici to Include Greek Tourism in EU Budget Planning

Tourism Minister Elena Kountoura called on European Commissioner Pierre Moscovici to include Greek tourism in the planning of the EU budget beyond 2020.

Greece Gets Eurogroup Green Light to Exit Debt Program

Greece will receive its final 15-billion-euro bailout tranche after successfully completing its fourth assessment and will exit its nearly eight-year-long aid program on August 20.

Moscovici: No More Bailout Plans for Greece, Just Supervision

Greece will leave bailout programs behind and move ahead with growth under surveillance, according to European Economic and Monetary Affairs Commissioner Pierre Moscovici.

Greece to Launch Hellinikon Casino Licensing Tender in Fall

The Hellenic Gaming Commission is set to announce an international tender for a casino license, paving the way for the Hellinikon project to get underway.

Greek Casino Law Causes Commotion

Authorities on Santorini and Mykonos have expressed their opposition over revisions to a legal framework, covering the licensing procedures and operation of casino ventures.

‘Greek Day’ at New York Stock Exchange

The New York Stock Exchange and Capital Link recently organized the “Greek Day at NYSE”, a special ceremony in honor of Greece.

Tsipras, Kountoura, Tsakalotos Invite US Investors to Bet on Greece

Greek Prime Minister Alexis Tsipras invited investors to bet on Greece describing the country as a “land of opportunity”.

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.

Piraeus Bank Backs SMEs with €700m, EIB Opens New Athens Office

Small and medium-sized businesses in Greece will be able to tap into a total of 700 million euros of funding by EIB, EIF and EBRD, through local Piraeus Bank.

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.

Economist Summit: Greece Can Grow Financially Strong in Next Decade

Greece can achieve investments of 55 billion euros in the next eight years, according to George Tsopelas senior partner and MD at McKinsey & Co Greece & Cyprus.

Greek Hoteliers Want Rules for Airbnb-type Rentals to Come into Force

The Hellenic Hotel Federation is requesting for the law containing rules for Airbnb-type rentals to finally come into effect in Greece.

Greece’s Short-term Rentals Bill Raises Professional Concerns

Hospitality professionals in Greece have expressed their concerns over an adjusted bill set to regulate an ever-growing shadow economy in the country.

Passenger Fee at Greek Regional Airports to Increase

A fee imposed on passengers departing from any of the 14 Greek regional airports undertaken by German operator Fraport will be revised to 13 euros.
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