Port of Piraeus’ competitiveness boosted after revenues authority eliminates VAT on certain services, goods

22 October 2018
147 Views

The port of Piraeus’ competitiveness edge as a transport hub and cargo handler got a distinct boost this month with a decision by the independent public revenues authority allowing for VAT-free warehouse services and purchase of spare parts for ocean-going vessels docking at Greece’s biggest and busiest port.

In statements to “N” this week, Piraeus chamber officials said the decision by the revenues authority allows major overseas shipping companies to purchase parts and materials from Greece-based suppliers at the port of Piraeus without much of the bureaucratic “red tape” and added costs entailed in the previous “free trade zone” regime.

Storage of cargo emanating from third countries and set for export to European and Asian markets by international shippers is also made easier and cheaper.

You may be interested

Turkey: “We will continue to protect the ‘Turkish minority’ in western Thrace”
WORLD
shares47 views
WORLD
shares47 views

Turkey: “We will continue to protect the ‘Turkish minority’ in western Thrace”

makis - Jan 18, 2019

Turkey’s Foreign Ministry spokesman stated in a press conference on Friday regarding the “Turkish minority” in western Thrace in Greece,…

Government plans to transfer Knossos and Leonidas’s tomb to Private Fund, archaeologists say
GREECE
shares31 views
GREECE
shares31 views

Government plans to transfer Knossos and Leonidas’s tomb to Private Fund, archaeologists say

makis - Jan 18, 2019

The Greek government plans to transfer 587 monuments and cultural buildings in 37 provinces across the country to the Hellenic…

Things to do with kids in Greece: Athens and the Greek Islands
GREECE
shares789 views
GREECE
shares789 views

Things to do with kids in Greece: Athens and the Greek Islands

Panos - Jan 18, 2019

With a rich history about one of the greatest civilizations on earth and a Mediterranean coast that draws attention to…

Leave a Comment

Your email address will not be published.