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

Greece’s ‘Cosmopolitan Islands’ May Lose Special Tax Status

The reduced Value Added Tax (VAT) rates that apply on the Greek islands of Mykonos and Santorini may possibly be axed, according to statements made today by Alternate Finance Minister Nadia Valavani.

Greece’s New State Assets Body to Fund Social Security, Not Debt

Greece’s privatization fund, known as TAIPED (Hellenic Republic Asset and Development Fund), will be replaced by the Public Wealth Fund following a decision on Tuesday, by Deputy Finance Minister Nadia Valavani.