From the first of September another increase in the VAT rate from 13% (low) to 23% (standard) will be introduced in three versions for the tourist sector and in two versions for commercial sites (eg, taverns, supermarkets).
Panic on the Athens Stock Exchange for a seventh day in a row, the shares of local financial institutions reached a 20-year low record, the stock exchange members have asked the government to intervene
About this and other problems arising in the European area as a result of the Greek crisis GRReporter talks with the Professor of European Politics and Economics at the University of Athens, George Pagoulatos.
The Deputy Minister of Development, Competitiveness and Shipping Harris Pamboukis voluntarily left his post, disagreing with the chaos in one of the most profitable sectors of the Greek economy - shipping.
However, the country ranks first in the imports of this healthy oriduct in countries like USA, Russia and China. Local producers are willing to fight for bigger share in countries with high purchasing capacity.