Travel Agency Body Fed HATTA Seeks Solutions to Liquidity Issues

Capital controls implemented in Greece in the last month as well as the resulting lack of liquidity have led to a delay in the payment of insurance contributions by local travel agencies, the Federation of Greek Travel Agencies (Fed HATTA) said on Wednesday.

Representing Greek tour operators, Fed HATTA is calling on relevant officials to facilitate the payment of contributions to the sector’s insurance bodies: Shipping & Tourism Agents Insurance Section (TANTP) and the Tourism Insurance Fund, which expires on Friday, July 31.

In a press statement, the federation underlines that due to lack of liquidity, many tour agents will not be able to meet their insurance obligations by Friday, particularly in view of the fact that they can only do so through the National Bank of Greece.

Fed HATTA has been working together with sector professionals, mediating to facilitate procedures and resolve problems arising from the recent banking limitations.

The federation is currently looking into ways to ensure money transfers abroad in order to meet tour agents’ needs.