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XRTC Report: VAT Hike on Greek Coastal Shipping to Have Opposite Effect

According to the 14th XRTC report, a tax increase translates into higher travel costs, inevitably leading to a drop in demand and thus directly affecting companies’ revenue and ability to operate, with a potential “grexit” still looming.

Parties Fail to See Eye to Eye, Greek Polls Next Month

Greece’s President Prokopis Pavlopoulos is expected on Friday, to officially announce elections to be held next month as parties failed to form a coalition government.

Rent a Home Legal in Greece

Greek homeowners can now rent out their houses for temporary use without being required to obtain a special operations label following an amendment made to the law last month abolishing rental terms.

Greece Draft Law: Hefty Fines for Illegal Home Rentals to Tourists

According to a draft law currently being examined at the Greek finance ministry, individuals found renting properties to tourists illegally will be subject to hefty fines.

Greek Property Owners Prefer Tourists to Tenants

At the prospect of making an added 50 or 60 euros a day, Greek property owners are preferring to lease to tourists instead of long-term tenants as more and more are joining sharing economy platforms.

Greece Sharing Economy Bill Set for Parliament

A bill expected - once passed into law - to regulate an ever-growing shadow economy in Greece, is set to be tabled in parliament in the upcoming period.

Bill for Short-term Rentals Goes to Greek Parliament

A bill set to regulate an ever-growing shadow economy in Greece, resulting from short-term rentals of residential properties, was tabled in parliament.

SETE Chief Says Greece Tourism Revenue May Rise by 9% in 2017

Greece may see its revenue rise by as much as 1 billion euros in 2017, according to Andreas Andreadis, the president of the country’s tourism body, SETE.

Fraport Steps in as Manager at 14 Greek Airports

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.

IOBE Trims Greece’s Growth Forecast Due to Lagging Bailout Progress

The Greek economy will grow by up to 1.5 percent in 2017, below January forecasts, as the lingering bailout negotiation process continues to fuel uncertainty.

Greek Gov’t Can Collect Up to €48m in 2018 by Taxing Airbnb-style Rentals

A total of 48 million euros is estimated to go into Greek state coffers in 2018 according to a document released, revealing a set of 140 EU requirements Greece must implement.

Levy on Short-term Rentals to Boost Greek State Coffers by €48 million

Annual income earned from Airbnb-style rentals is set to be taxed up to 45 percent, boosting state coffers by some 48 million euros in 2018.

Greek Deposit Inflows Slowly Picking Up Pace

Private sector deposits at Greek banks picked up pace in the summer months on back of improved tourism figures and following the third bailout deal.

Fraport Greece Airports Boost Parent Company Profits

Fraport Greece has boosted German operator Fraport’s turnover by approximately 181.4 million euros since April, when it took over 14 Greek regional airports.

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.

Greece is an Attractive Investment Destination, Says PM Tsipras

Greece is returning to growth and has become an attractive investment destination, according to Prime Minister Alexis Tsipras.

Greek Taxmen May Pose as Tourists to Worm Out Illegal Airbnb Rentals

Greek taxmen may go undercover as tourists and conduct on-the-spot checks to ferret out sharing economy lodgings that are operating illegally.

Amsterdam to Impose 30-day Limit on Airbnb-style Rentals

In efforts to rein in short-term home rentals, officials in Amsterdam said the city would be imposing a cap of 30 nights per year as of 2019.

Privatizations Set to Boost Greek State Coffers by €2bn

Greece’s international lenders and the government are estimating that privatization projects will boost state coffers by some 2 billion euros this year.

UBS: Greece Set for Bailout Exit ‘Healthier’ than Expected

Greece is set to exit its bailout program and move towards growth in 2018 and 2019, according to a report by Swiss financial services provider UBS.