Avis Hellas in Hands of Avis Europe – Turkey’s Otokoc
Avis Hellas will pass into the ownership of Avis Europe Holdings and Turkey’s Otokoc in a 318.1 million-euro deal, according to main shareholder Piraeus Bank....
View ArticleLinking Agri-food and Tourism Set to Make Greece Stronger
Bringing together the country’s primary and secondary sectors can generate multiple economic benefits for Greece, it was concluded during a workshop in Athens....
View ArticleTourism, Fiber Optics Projects for Skorpios Islet OKed by Greek Gov’t
Dozens of luxury villas and restaurants as well as a fiber optics network will be constructed on the Ionian islet of Skorpios....
View ArticleStudy: Greek Hospitality Sector Shows Signs of Financial Health
The Greek hospitality industry is leaving the crisis years behind, as it increased earnings by 3.6 percent and gross profits by 44.4 percent in 2016....
View ArticleLower Purchase Limits Boost Tax Free Shopping in Greece by 12%
Tax free shopping picked up pace in Greece over the last 12 months marking a 63 percent increase in sales and a 12 percent rise in purchase value....
View ArticleTsipras, Kountoura, Tsakalotos Invite US Investors to Bet on Greece
Greek Prime Minister Alexis Tsipras invited investors to bet on Greece describing the country as a “land of opportunity”....
View ArticleGreek 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...
View ArticlePiraeus 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...
View ArticleGreece 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...
View ArticleGreece 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...
View ArticleICAP: 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....
View ArticleSETE 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...
View ArticleNew 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,...
View ArticleResearch 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...
View ArticleExtra ‘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....
View ArticleAthens 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....
View ArticleGreece 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...
View ArticleMajor 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....
View ArticleExperts 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...
View ArticleGreece’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...
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