High taxes on tourism sector hurt demand, says Development minister
The high taxation imposed on businesses in the tourism sector increases cost and has a negative effect on demand, Development and Competitiveness Minister Nikos Dendias said on Monday during the annual conference of Association of Hellenic Tourism Enterprises (SETE).
"The tourist product should be treated as the most exportable national product and, as such, it should be protected," Dendias said in his speech, adding: "The prime minister himself has pledged to set a unified tax rate of 15 percent for businesses, a promise which will be kept."
The minister also said Greece is considering making changes to the visa entry requirements, saying proposals made by SETE are in the right direction.
Discussing the real estate market, Dendias said property should be viewed as a modern form of investment. He noted that while property investment is widely developed abroad, "in Greece we are still reluctant, although property has a huge potential as a tool for growth."
Dendias also said the next batch of EU funds will focus on promoting quality tourism that combines nature and culture.
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