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

Greece Tax-free Shopping Plummets in First 7 Months of 2016

Revenue in Greece from tax-free shopping in the first seven months of the year has dropped by 18.54 percent compared to the same period in 2015.

Thessaloniki Monopoly Debuts at TIF-Helexpo

The northern port city of Thessaloniki is finally getting its very own Monopoly board game set to make a debut at the 81st Thessaloniki International Fair (TIF).

Thessaloniki Expo Takes to the Skies with Hot Air Balloon Promo at 8 Greek Cities

The organizers of the Thessaloniki International Fair (TIF) are sending hot air balloons to eight cities in Northern Greece as part of a promotional strategy to attract all the more visitors to the 81st TIF event on September 10-18.

Greece Taxmen to Snoop through Social Media for Clues of Fraud

Greece’s tax inspectors my soon be probing social media accounts in efforts to track down tax evaders and untrustworthy tax payers.

XRTC Analysts Say Greek Ferry Shipping Facing Airline Competition

Considered by foreign banks as the “Greek Risk”, Greece’s ferry shipping industry is faced with little financial support, which in addition to a series of internal and external factors, is taking a toll on the sector’s performance, according to an annual report released by XRTC...

Stournaras: Tourism, Reforms, Key to Bringing Greece Out of the Tunnel

Tourism, reforms and privatizations are key to bringing Greece back into the game, Greek Central Bank Governor Yannis Stournaras said last week, expressing his optimism that faith is being restored in the Greek economy.

Audit Forces Pose as Mystery Guests at Greek Hotels to Nose Out Tax Evaders

Dozens of hotels across Greece will be “accommodating” a new team of so-called mystery guests on a mission to expose businesses that are tax evading.

Thessaloniki Trade Fair Marks 90 Years of Action with People’s Stories

The Thessaloniki International Fair (TIF) - HELEXPO will celebrate its 90th anniversary this year… going back in time with a series of events which will climax on October 3 with “your stories”.

Greek Tourism, Trade Sector Bodies Call for Turn to E-transactions

Greece’s tourism and trade sector bodies are calling on the government to push for the implementation of electronic transactions in efforts to cut operational costs for both businesses and government and to tackle tax evasion.

Greek Tourism Sector Needs €5.5bn in Investments to Keep Up Pace

Greece needs investments in tourism to the tune of some 5.5 billion euros between 2017 and 2023 if it wants to meet increasing demand from abroad and recover domestic demand, according to a National Bank of Greece (NBG) Economic Analysis Department study released recently.

Piraeus Chamber Wary of Brexit Backlash on Greek Tourism, Trade

The dwindling rate of the British pound and the possibility of imposed customs duties may impact foreign trade between Greece and the UK, leading to a potential loss of some 2.3 billion euros and of 2 billion euros in tourism, the Piraeus Chamber of Commerce and Industry (PPCI)...

Greece Development Law… Goes to Parliament

The Greek government’s new development bill, which foresees deductions and exemptions, leasing and interest subsidies, and a 12-year fixed tax framework, was tabled in Parliament on Tuesday, with deliberation set to begin Friday.

Greece Competitiveness Slumps in IMD 2016 Rankings

Greece’s competitiveness ranking plunged by six spots bringing it in the 56th position among a total of 61 countries, according to the International Institute for Management Development (IMD) yearbook 2016 results released on Monday.

ICAP: Crisis Takes Toll on Greek Business Activity, Tourism Resilient

The ongoing economic crisis in Greece has led to the decline of business activity in terms of figures and growth, business services group ICAP found in a report released on Wednesday.

SETE Says New Greek Incentives Law Complex, Unclear

The new Greek incentives law tabled earlier this month which foresees deductions and exemptions, leasing and interest subsidies, and a 12-year fixed tax framework, must be simple with clear guidelines and deadlines for potential investors, the Greek Tourism Confederation (SETE)...

New Greece Incentives Law Aims to Draw in Investment

Deductions and Exemptions, leasing and interest subsidies, and a 12-year fixed tax framework are part of a new incentives law tabled recently and set for vote by the end of the month, Economy, Development and Tourism Minister George Stathakis and Secretary General for Strategic...

Research Body Says New Tax Measures to Take Toll on Greek Economy

Stringent measures to secure the next installation of Greece’s 86-billion-euro bailout plan are bound to hit the Greek economy even more, the Foundation for Economic and Industrial Research (IOBE) said recently.

Extra ‘Sleep’ Tax Angers Greece Hoteliers

Weeks before the official launch of the summer tourism season, Greece’s hoteliers are furious over a proposed tax on accommodation which comes on top of other levies imposed last year.

Greece Hoteliers Up in Arms Over Cancellations Due to Refugee Crisis

Hoteliers associations across Greece, including on the islands and at border regions, are ringing alarm bells, calling on the government to take immediate measures as bookings to these destinations have dropped by as much as 90 percent in some cases due to the ever-growing...

Athens Airport Concession Deal Talks Kick Off

The board of the Athens International Airport (AIA) decided last week to launch negotiations for the 20-year extension of the concession contract for the management of the country's largest airport.