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Greece to Invest 500 million Euros Annually in Tourism

Greece to Invest 500 million Euros Annually in Tourism

The number of foreign tourists in Greece could rise by 50 percent in the next decade, exceeding 30 million visitors per year. This was the main message from the Prime Minister mr. Antonis Samaras in his speech  during the annual general meeting of the Association of Hellenic Tourism Enterprises (SETE) at the Athens Concert Hall on April 30.
P.M.  also announced governments plans to invest 500 million Euro per year over the next five to six years in tourism infrastructure and similar activities, while the private sector will invest at an additional annual rate of 3 billion Euro.
“Such investment rates are necessary for our investment plan and are seen by the tourism sector as being feasible,” he said. As far as taxation in the sector is concerned, Prime Minister mr. Samaras said “we will gradually head toward lower tax rates,” adding that “this will be as slow as required in order to avoid a return to deficits.”

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