ECONOMY

VAT cut in food service sector would boost Greek tourism, argues minister

A reduction of VAT at restaurants and cafes would for Greece’s tourism sector to become more competitive, Tourism Minister Olga Kefaloyianni said on Monday.

In an interview with the Athens-Macedonia News Agency, Kefaloyianni admitted that there had been no progress in talks with the troika over VAT in the food service sector being reduced from 23 percent but insisted such a move would help Greek tourism.

“It would be the best way for us to have a competitive product,” she said

Kefaloyianni called on tourism businesses to rein in prices and keep the quality of services as high as possible.