Liberal democracies

High VAT harms competitiveness of Greek coastal shipping firms

The reduction of value-added tax on ferry tickets would give the Greek islands an economic boost without provoking a negative fiscal impact, the Foundation for Economic and Industrial Research (IOBE) argues in a study titled "The Contribution of Passenger Shipping to the Greek Economy."

Government sets up team to monitor Agrokor crisis

The Serbian government on Thursday set up a ministerial team to "analyze and monitor" the situation in Serbia related to problems in operations of Agrokor.

The team will also monitor the situation on the domestic market when it comes to companies linked to the troubled Croatian giant that are doing business in Serbia.

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