Greece: VAT Reduction on Coffee and Beverages
On Monday the Finance Minister Katerina Papanatsiou declared that they would be introducing two separate VAT rates on coffee and other beverages in Greece. The value-added tax on coffee, tea and other beverages available on supermarket shelves is dropping from 24% to 13%. However, the VAT reduction is excluded from eateries and other food service operations, which will be charged at 24%.
Greece’s Finance Minister Euclid Tsakkalotos states “Unfortunately there is no fiscal space to reduce the VAT for served drinks in catering facilities”.
Germany’s Delivery Service Eatclever Expands to UK
Renowned Dutch food delivery service Eatclever is expanding its region. The start-up business is currently operating in over 60 cities across Germany and for the first time, the company is going overseas, making the UK its second international market. The company was founded by Mohamed Chain, Robin Himmels, and their co-founder Marco Langhoff who jointly set up Eatclever in 2015. Eatclever provides consumers with healthy nutritious dishes that are provided by nutrition experts and chefs and is delivered by local suppliers. The service is already available in Zurich, Switzerland, but with its expansion, to the UK, the company wants to stimulate growth. The business is set to operate in London with aims of targeting additional UK cities in the future.
AliExpress Introduces Pay Later Option to Customers in Europe
As from today, AliExpress customers across Netherlands, Germany, Finland and Austria can benefit from choosing when and how they wish to pay for their goods, thanks to AliExpress’s partnership with Klarna and AliExpress’payment service provider Ayden. The collaboration between all three companies will enable customers to pay for their products at a later date. According to all three payment companies, this is just the first phase of the partnership as they aim to target additional markets later this year.
Michael Ruse, CCO at Klarna say that he is happy with the partnership as it gives customers more control over how they wish to pay for their goods at the checkout. Moreover, he also adds that he is looking forward to expanding this partnership into different markets. Cheer Zhang of AliExpress, says that they are always looking for innovating ways to develop the customer experience.