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

22 October 2018
690 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

Confrontation between Dendias & Cavusoglu at the press conference
POLITICS
shares66 views
POLITICS
shares66 views

Confrontation between Dendias & Cavusoglu at the press conference

makis - Apr 15, 2021

Diplomatic etiquette was cast aside in an astonishing joint press conference between Greek Foreign minister Nios Dendias and his Turkish…

Russia suspends flights to Turkey
DEFENCE
shares49 views
DEFENCE
shares49 views

Russia suspends flights to Turkey

Panos - Apr 15, 2021

Russia will restrict flights to and from Turkey from April 15 to June 1 due to a rise in COVID-19…

EU member-states agree to issue Covid-19 travel certificate
GREECE
shares70 views
GREECE
shares70 views

EU member-states agree to issue Covid-19 travel certificate

Panos - Apr 15, 2021

European Union countries today formally agreed to issue Covid travel certificates as a step towards reopening tourism this summer with…

Leave a Comment

Your email address will not be published.