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Greece's latest tourism industry news by Greek Travel Pages (gtp)

Greece Allocates €33.7m to Coastal Shipping, Island Entrepreneurship

The Greek Shipping Ministry will allocate 33.7 million euros to support island entrepreneurship and coastal shipping in the aftermath of the Covid-19 pandemic.

Greek Islands Want Return to Lower VAT Rates in View of Covid-19 Damage

South Aegean island authorities are calling on the Greek government to reinstate previously reduced VAT rates in order to mitigate the adverse economic effects of the Covid-19 pandemic.

OECD: Covid-19 Effect on Tourism to Last Throughout 2020

The impact of the coronavirus health emergency on global tourism is expected to last throughout the year, according to a study by the OECD.

Vernicos Yachts Marks 45 Years with Call for Marine Tourism Development

Vernicos Yachts recently celebrated 45 years of activity with the company's president, George Vernicos, calling for actions that must be taken for Greece to maintain its leading role in marine tourism.

Greek Business Body Calling for More Investments

More investment activity is required for Greece to move full speed ahead towards economic recovery, the Hellenic Federation of Enterprises (SEV) says.

SEV Sees Greece Economic Slowdown in H1 2019

The Greek economy appears to be slowing down, says the H1 2019 “Economics and Business” bulletin of the Hellenic Federation of Enterprises (SEV).

SEV: Production, Employment Hinge on Moderate Taxation

High taxation on households and businesses cannot drive growth and is putting a brake on Greece’s prospects, according to the Hellenic Federation of Enterprises (SEV).

EY: Greeks Continue to Face Tax Challenges in 2019

Uncertainty in the global tax environment set to continue into the year is expected to perpetuate tax challenges in Greece, according to London-based services firm Ernst & Young (EY).

Greek Island Residents Can Now Claim Air Transport Discounts

Discounts for island residents, under the so-called "transport equivalent” program - known as “metaforiko isodynamo” (MI) - have now been extended to air travel.

Small Number of Greece’s Businesses Bearing the Tax Burden, Says Grant Thornton

A mere 10 percent of Greece’s businesses are paying 88 percent of total taxes, according to a study presented by Grant Thornton.

Greek Gov’t Plans to Extend Remote Island Discounts to Air Transport

Air travel will be included in Greece's transport equivalent program, which offers special discounts for the transportation of goods and people to/from 49 remote Greek islands.

Study Reveals how Greece can Attract Foreign Direct Investment

Greece can achieve growth by tapping into the manufacture of aircraft and ships - areas that attract foreign direct investment, according to a study carried out by IHS Markit.

Greece Tourism, Business Bodies Say Reduced Taxation Must Follow Basic Wage Rise

In response to the Greek government's decision to increase the minimum wage by 11 percent, SETE and SEV are calling for a decrease in taxation and social insurance contributions.

OECD: Steep Taxation Taking Toll on Greece’s Growth

Heavy taxation continues to be the leading obstacle to growth in Greece, according to data released by the Organization for Economic Cooperation and Development (OECD).

Transport Discounts Now Applicable on All Greek Islands

All Greek island residents can now claim transportation discounts as part of the “transport equivalent” measure, according to an announcement by the shipping ministry.

Shipping Minister: Corfu-Othoni Islands Ferry Link Set for 2019

Greek Shipping Minister Fotis Kouvelis announced that a ferry route linking the Ionian island of Corfu with the Othoni islands would launch at the start of 2019.

Greek Islanders Can Now Claim Transport Discounts

Residents of 49 Greek islands can now claim transportation discounts as announced earlier this year, by registering on the newly launched "Metaforiko Isodynamo" platform.

Tax, Labor Squads Target Greek Tourism Businesses for Violations

Tax and labor officials have stepped up inspections at accommodation and F&B services across Greece, with a primary focus on popular tourist destinations.

Tax Breaks Can Ensure Year-round Tourism for Greece, Says Aegean Airlines Head

In order to ensure tourism all year round, enterprises must be relieved of tax burdens, Aegean Airlines President Eftychios Vassilakis said during SETE's 26th General Assembly.

DiaNEOsis-IOBE Study: Heavy Taxation Tops Greeks’ Worries

Greece’s taxpayers are concerned about their ability to pay up, with direct taxes over the 2008-2016 period having increased by 94 percent, a study by IOBE and diaNEOsis reveals.