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Eight out of ten restaurants, "ate up" the reduction of VAT

19 August 2013 / 15:08:56  GRReporter
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"They can reduce prices by at least 5%. For example, for sandwiches, the price could fall by 0.10 euro to 0.15 euro. On the one hand, it is important for the customer, and on the other hand, businesses can bear it," he said, stressing that time will work in favour of the measure, but so far there is no information among owners of eateries.

President of the Society of Restaurateurs in Thessaloniki Panagiotis Gofas

Transfer of responsibility to suppliers

Representatives of the restaurant industry in Thessaloniki have transferred the responsibility for failing to cut prices to suppliers. "How can we reduce prices when suppliers do not do so? We cannot afford more price reductions, because this will make a mess of our accounts. Traders buy beef from the slaughterhouse for 4 euro/kg, and I buy it for 7-8 euro/kg. If I bought it for 5.5 euro/kg or 6 euro/kg, I could sell cheaper steaks and other dishes of veal," Panos Dimitriou, who owns a restaurant in Ladadika told Ethnos. He also noted that prices are already very low, and owners of eateries have not increased them, despite the VAT increase two years ago.

Tags: restaurants VAT reduction Federation of professional traders and industrialists in Greece
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