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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,...
VAT hikes to take effect on July 20

VAT hikes to take effect on July 20

The Finance ministry  announced that the new increases in VAT will be implemented from July 20 (Monday) to ensure the smooth transition to the new rate. The change will affect products and services which are transferred to the higher rate (from 13 pct to 23 pct), such...
South Aegean Prefect Slams Government for VAT Rate on Greek Islands

South Aegean Prefect Slams Government for VAT Rate on Greek Islands

In a statement sent to the media, the South Aegean Prefect  George Hatzimarkos  slammed the government for agreeing to axe the reduced value-added-tax (VAT) rates that apply on the Greek islands. “From the dawn of Thursday, July 16, 2015, the special tax status of the...
Guardian. Matthew Kneale: Postcard from Patmos.

Guardian. Matthew Kneale: Postcard from Patmos.

In Patmos you would hardly know there was a crisis. Everything seems just as normal. I have been here for four days with my family, and my Canadian in-laws, and we’ve all had a wonderful time, delighting in the beauty of the island, the delicious food and the warm...
Fancy a Greek vacation? Here are some survival tips

Fancy a Greek vacation? Here are some survival tips

Clear blue skies and turquoise seas have made Greece a popular vacation destination for decades. But a backdrop of financial crisis, political uncertainty and capital controls means a trip to the country right now can be far from idyllic. Although Greece is close to...
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