Zoning issues concern tourism investors

Dozens of tourism investments are under threat due to the lack of zoning plans, while overtaxation is putting the future course of the sector at risk according to data and estimates presented during Thursday's annual general meeting of the Greek Tourism Confederation (SETE).

Yiannis Retsos, who has taken over from Andreas Andreadis, SETE's president for the last six years, stressed that investment plans threatened by any recourse to the Council of State due to the absence of zoning plans that would include specific land use provisions and secure investors the unhindered progress of their investment.

Andreadis stressed that while tourism enterprises are already being asphyxiated by high taxation, the short-term lease market operates at the expense of organized accommodation without having to pay a single euro in taxes, creating the most unfair competition seen in the...