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Travel & Tourism industry news by Greek Travel Pages (gtp)
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Greek Hotel Profits Hit By Domestic Tourism Plunge

The target of 17 million tourists is achievable for this summer season but Greek tourism will continue to face serious problems and declining revenue as a result of hotel discounts and the “overpricing regime,” the president of the Hellenic Federation of Hoteliers, Yiannis...
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VAT Cut For Restaurants Planned For Next Year

In 2013, the reduction of the VAT rate on food catering services, from 23 percent it stands today to 13 percent, will be one of the Greek Tourism Ministry’s targeted actions to boost the competitiveness of Greece’s tourism product, the country's Tourism Minister Olga Kefalogianni...

EU Task Force Head Discusses Greek Tourism

The extension of the Greek tourism season was one of the main issues discussed yesterday, 24 October, by Greek Tourism Minister Olga Kefalogianni and Horst Reichenbach, head of the Task Force of the European Commission in charge of providing technical assistance to Greece.

VAT Cut For Restaurants Not Possible This Year

“The VAT rate on food catering services will not be reduced this year even though it was it was a commitment of the government,” Tourism Minister Olga Kefalogianni said last month. The VAT cut on food catering services was one of the government’s pre-election promises.

Government Stalls VAT Reduction On Food Catering Services

The VAT rate on food catering services will be reduced once the Greek economy's fiscal sector is stabilized, Deputy Finance Minister George Mavraganis said in Parliament on Friday, 31 August.

VAT Cut On Restaurants Considered

Greece’s Economy Ministry is considering slashing taxes to enable national economic development, press reports said last month.