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Ferry fares for passengers up 10 pct from Monday

Ferry fares for passengers up 10 pct from Monday

Ferry companies on Monday announced a 10 pct hike in all ferry fares for passengers, while fares for vehicles are to remain the same. The hike was imposed after passenger fares were moved from the 13 pct VAT category to the highest 23 pct VAT category. Taxes and...
Greece Becomes More and More  Expensive …

Greece Becomes More and More Expensive …

Greece becomes more expensive as of July 20, as higher value added tax rates go into effect. The new VAT rates are part of the requirements set by creditors in order for Greece to get a third bailout package and avoid bankruptcy. The government aims at generating 2...
Greece Takes 42nd Place Among Richest Countries in the World

Greece Takes 42nd Place Among Richest Countries in the World

A recent analysis released by Global Finance Magazine “the most commonly accepted method of determining the wealth of countries and comparing generalized differences in living standards on a whole between nations is to use GDP per capita on a purchasing power parity...
60,000 Greek Businesses Requested Move to Bulgaria

60,000 Greek Businesses Requested Move to Bulgaria

The National Confederation of Hellenic Commerce PresidentVasilis Korkidis in an interview with SKAI TV said that 60,000 companies have submitted requests to move their headquarters to Bulgaria due to the capital controls that have been imposed in Greece since June 28....
Warren Buffett and Alessandro Proto Reportedly Buy Greek Island

Warren Buffett and Alessandro Proto Reportedly Buy Greek Island

American billionaire investor Warren Buffett and Italian Alessandro Proto have reportedly bought the island of Agios Thomas for 15 million euros, according to Proto Thema. Agios Thomas is located to the northwest of the island of Aegina in the Saronic Gulf of the...
Deal or not, Greek islands brace for more pain

Deal or not, Greek islands brace for more pain

Sitting in his cool, wood-panelled office, George Koukoudakis is watched over by a dozen oil portraits of extravagantly whiskered admirals and naval captains – all heroes of Greece’s 19th century war of independence against the Ottoman Turks. But the mayor of Hydra,...
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