This summer saw the first wave of a fleet of generously subsidised yachts in Greece. This is the result of a highly controversial political choice by the previous government to include the yacht market in the National Strategic Reference Framework (ESPA) in times of economic crisis.

It is estimated that tens of millions of euros have been channelled to the purchase of sailboats built in foreign countries, that leave no added value in Greece, while chartered vessels have been favourably taxed.

This year more than 100 large vessels, mostly catamarans, have been added to the Greek fleet of professional yachts, while more and more are expected in the next years, due to the National Strategic Reference Framework named “Strengthening the establishment and operation of new tourist small and medium-sized vessels.”