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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.
Posted On 19 Jul 2016
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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”.
Posted On 19 Jul 2016
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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.
Posted On 04 Jul 2016
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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.
Posted On 29 Jun 2016
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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)...
Posted On 27 Jun 2016
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Photo © Hellenic Parliament / Aliki Eleftheriou
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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.
Posted On 01 Jun 2016
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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.
Posted On 31 May 2016
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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.
Posted On 19 May 2016
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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)...
Posted On 18 May 2016
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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...
Posted On 06 May 2016
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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.
Posted On 15 Apr 2016
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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.
Posted On 12 Apr 2016
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A group of Syrian refugees arrive on the island of Lesbos after traveling in an inflatable raft from Turkey, near Skala Sykaminias, Greece.
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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...
Posted On 29 Feb 2016
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Air traffic
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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.
Posted On 29 Feb 2016
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Major Corfu Tourism Unit Gets Go-ahead

A massive tourism complex including a five-star hotel, bungalows and holiday lodgings on the Ionian island of Corfu has received the go-ahead from the culture ministry.
Posted On 26 Feb 2016
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Experts to Share Outlook for Greece at Delphi Economic Forum

Some of the world's finest academics, scientists and experts will be sharing their "Outlook for Greece and the Region Vision 2020-2030” at this year’s Delphi Economic Forum, which kicked off at the European Cultural Centre of Delphi and runs through to February 28.
Posted On 25 Feb 2016
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Greece’s New Investment Incentives Law to Spur Tourism

Aiming to stimulate tourism initiatives, the Greek government’s new development law paves the way for the creation, expansion and upgrade of three star-plus hotel units as well as the re-operation of accommodation facilities that have been out of business.
Posted On 27 Jan 2016
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Greece Best ‘User’ of NSRF Funds

Greece is among the EU countries with the highest absorption rates of National Strategic Reference Framework (NSRF) funds for the 2007-2013 period.
Posted On 22 Dec 2015
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EIB Boosts Presence in Greece, Launches Investment Team

The European Investment Bank (EIB) is serious about getting down to business in Greece, and is currently in the process of renovating its central Athens headquarters and appointing a task force that will focus on investments in efforts to support sustainable economic recovery and...
Posted On 22 Dec 2015
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Greek Tourism Minister Says 3rd Bailout Plan Offers ‘Milder Adjustment’

A third bailout for Greece, valued at 86 billion euros, seems to be in the works, the Greek government said on Tuesday, but European officials are still not clarifying whether the deal will go through.
Posted On 12 Aug 2015
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