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Hellenic Tourism Properties Heads for Bourse

The government will float 25 percent of Hellenic Tourism Properties (ETA) by November as part of its state asset sales agenda to reduce debt, eying proceeds of about 150 million euros, ETA officials said during a press conference last month. "The flotation will take place in...
Posted On 01 Aug 2003

Albania, Greece’s Newest Tourism Competitor

According to recent press reports, the Albanian government has launched a radical drive to attract a thriving international tourist trade by bulldozing hundreds of kiosks, shops and hotels along the best sandy beaches in the country. All the buildings were illegally erected and...
Posted On 01 Aug 2003

Olympic Saga to Finish This Fall

One way or another, the government here says a permanent solution to long-lasting problems with state-owned Olympic Airways will be found and implemented before this winter rolls in. So far, according to a business plan leaked to Greek media, a new company, to be named New...
Posted On 01 Aug 2003

S.E. European Tourism Ministers Agree to Unite

Tourism ministers from Southeastern Europe met in Athens recently under the initiative of Greece's development minister, Akis Tsohatzopoulos, to sign a tourism cooperation agreement. This followed close on the heels of an agreement signed during the Panorama tourism exhibition by...
Posted On 01 Jul 2003

Korean Air To Purchase 17 New Aircraft

Korean Air has signed a memorandum of understanding with Airbus and Boeing respectively to purchase a total of 17 aircraft. The deal includes eight A380s from Airbus, and seven B777s, and two B747-400ERFs from Boeing.
Posted On 01 Jul 2003

Finally, New Offices for Hellenic Tourism Organization

After numerous decades at its offices in downtown Athens on Amerikis Street, the 52-year-old Hellenic Tourism Organization last month moved to bright, new, modern quarters. It now takes up all seven floors of space within a modern office building on Tshoha Street not far from the...
Posted On 01 Jul 2003

Six New Tourism Promotion Programs Announced

The Hellenic Tourism Organization announced six tourism promotional programs worth five million euros where, for the first time, the private sector is invited to participate. Five of the programs, announced earlier this year, are worth 1.5 million euros and will center on...
Posted On 01 Jul 2003

Hellas Jet Gets Operator’s License

Cyprus Airways subsidiary, Hellas Jet, picked up an air operator's license for Greece but is still waiting on a commercial license. Although the airline had hoped to begin flights on June 23, as we go to press there has been no further announcements as to when flights will begin.
Posted On 01 Jul 2003

Aegean Celebrates Fourth Anniversary

Greece's number one private carrier, Aegean Airlines, celebrated its fourth anniversary recently and its 9,000,000th passenger. The airline began scheduled flights at the end of May in 1999 with two aircraft and four Greek destinations. Today, its 17 passenger aircraft executes...
Posted On 01 Jul 2003

A Gem Hidden in the Center of Athens

Dionysis Bozikis, a cardiologist by profession, has created a little lodging gem hidden in the center of downtown Athens. His "Magna Graecia Suites" hotel was created from a three-story building designed and built by the German architect Ernst Ziller in 1898. This exemplary...
Posted On 01 Jul 2003

Dora Stratou Performances Underway

In the idyllic surroundings of Philopappou Hill, opposite the Acropolis, in the Dora Stratou garden-theatre, regional cultures come to life during the warm Athenian summer nights.
Posted On 01 Jul 2003

New Crete Golf Course Opens July 5

Greece's newest golf course opens this month on the island of Crete. Owners say it is the most challenging golf course in Greece and one that will be meticulously maintained. The course takes in the typical ancient landscape of Crete and will host many of the visitors that come...
Posted On 01 Jul 2003

Grecotel Kos Imperial Thalasso Complete

Greece's biggest hotel chain, Grecotel with 24 Grecotel Resorts and affiliated City hotels, placed the finishing touches on its Grecotel Kos Imperial Thalasso luxury resort complex recently.
Posted On 01 Jul 2003

Athens One of World’s Most Expensive Cities

Athens ranks as the 71st most expensive city worldwide, according to the Mercer Human Resource Consulting's first cost of living survey for 2003, against a placing of 111th last year. Using New York as a base measure of 100, the semi-annual survey, which covers 144 cities,...
Posted On 01 Jul 2003

Europe Gets Ready To Fly

The European Commission won the right on June 5 to start talks with the United States on airport landing rights, in a move destined to lead to a wholesale shake-up of transatlantic aviation.
Posted On 01 Jul 2003

Emirates Orders 71 New Passenger Jets

International press coverage of a record order of 71 new passenger jets by Emirates centered on the airline's attempt to rescue the airline industry as it did in 2001 with a $15 billion order for new jets. Yet, despite this widespread view of the new $19-billion-order, industry...
Posted On 01 Jul 2003

Another Record Year for Blue Flag Awards

Two recent very notable announcements allow Greece to boast as perhaps being the country with the world's best and cleanest swimming waters in the world. It began last month when the country was awarded a record 373 Blue Flags this year for its clean beaches and safe swimming...
Posted On 01 Jul 2003

New Low-cost Carrier from Athens and Thessaloniki

Germany's low-cost carrier "germanwings" now flies out of Athens to Cologne four times a week and out of Thessaloniki three times a week with a ticket price of 19 euros, and that includes all taxes. That price, however, is for anywhere from 15 to 20% of all available seats. As...
Posted On 01 Jul 2003

Low Cost Carriers Not Necessarily Cheap

A Carlson Wagonlit Travel study showed that potential cost savings on low-cost carriers (LCCs) for large multinationals are, in at least half the cases, just 10% off normal costs. Carlson said effective marketing of low price offers by these carriers often leads multinationals to...
Posted On 01 Jul 2003

Over-reaction to SARS Outbreak

The impact of the Severe Acute Respiratory Syndrome (SARS) outbreak on many tourism destinations is already greater than last year's terrorist attack on Bali, while airlines have been hit harder than they were by the war in Iraq, says World Tourism Organization Secretary-General...
Posted On 01 Jun 2003