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Greek State Will Own Taxi Licenses

Taxi licenses will consist state property upon the application of the new law bill on the liberalization of the sector.
Information indicate that the new bill, which would most likely be table in consultation this week- will provide the full liberalization of the profession, while there would be special provision for municipalities with population of less than 70,000 inhabitants.
Those who meet specific criteria, such as expertise and foreign language, would gain access.
In order to tackle black market there would be a provision of a kind of “tax allowance”, which would be funded by the fines of those who sold a taxi license and did not declare the price of the transaction.
35,000 licenses have been traded in the last 10 years, with a total value of €5 billion, according to Infrastructure and Transport Ministry.
The licenses would be renewed every 3-5 years and would be returned to the state when they expire or when the owner retires.
(source: capital)

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