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

Greek Hotels Chamber: Alterations to Stayover Tax a Must

In order for the stayover tax on hotels and rooms-to-let to be effectively collected, a series of adjustments must be made, the Hellenic Chamber of Hotels says.

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.

Draft Bill Lays Out Framework for Greece Casino Operation, Taxation

A legal framework covering the licensing procedure and operation of casino ventures in Greece is up for discussion in an omnibus bill tabled in parliament.

Athens’ Academy Gardens Mall Gets Green Light

A mall budgeted at 350 million euros to be erected in the inner-city neighborhood of Akadimia Platonos, southwestern Athens, has received the go-ahead.

North Aegean Region Governor Calls for Island Stayover Tax Exemption

The governor of the North Aegean Region, Christiana Kalogirou, is urging the finance ministry to exclude the islands from the newly introduced stayover tax.

Greek Assets Fund Seeking Ways to Put 10 Ports to Good Use

Ten state-owned regional ports across Greece will soon be open to concessionaires wishing to tap into their potential.

Greek Omnibus Bill Revisions Aim to Facilitate Business Activity

In efforts to attract investments to Greece, the economy ministry has made five revisions to an omnibus bill set to be voted on in parliament on January 15.

Greek Tourism Sector to Shoulder Tax Burden in 2018

Greece’s tourism sector is set to bear the brunt of the country’s economic recovery according to the economy ministry’s latest set of measures set to take effect in 2018.

Greece’s Axed Special Island Tax Status Causes Stir

Greek tourism sector professionals are calling for the government to not abolish reduced VAT rates for a number of Greek islands as of January 1, 2018.

EBRD – Greek Real Estate Developer ‘Dimand’ Join Forces to Invest

The European Bank for Reconstruction and Development and real estate developer Dimand will invest in sustainable property models in Greece.

Greek Hotel Investments Set to Go Full Steam Ahead

Eight billion euros worth of hotel investments will be materializing in the coming years in Greece, on the back of soaring tourism arrivals.

Kos, Lesvos Tourism Professionals Urge Gov’t to Scrap ‘Stayover’ Tax

Tourism professionals on the islands of Kos and Lesvos are calling on the government to scrap an imminent “stayover" tax.

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”.

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.

Hellinikon Investor Lamda Calling for More Actions Fewer Words

Lamda Development is ready to launch works at Hellinikon, as long as the Greek government displays the political will for the project to materialize.

Athens’ Historic King George Hotel Goes to Lampsa SA

Eurobank has accepted the pre-emption right of Lampsa SA for the acquisition of the five-star King George Hotel for 43 million euros.

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 Finance Minister Eases Capital Controls

Individuals wishing to open a new bank account can now do so after a decision by Greek Finance Minister Euclid Tsakalotos to further ease capital controls.