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Attica Beach Properties Ready For Modern Development Projects

Most of the organized beach properties in the Athens region are soon to be leased to the private sector for development and management. So far, 10-year lease agreements have been signed for the beach properties at Alimos and Vouliagmenis between Hellenic Tourism Properties and a...

Greek Marinas Go Private

0 0 0 0 00sharesThree of the Greek capital’s most popular marinas are about to go private.  Last month, just two days after it handed over the operation and upgrading of five state-owned beaches in the Attica basin to the private sector, Hellenic Tourism Properties (ETA),...

60 Business Groups Bid for Parnitha Casino

Owners of the profitable Parnitha Casino, Hellenic Tourism Properties, have called for bids of interest from international investors interested in taking over the management of the casino on Mount Parnes. So far, some 60 company groups have expressed initial interest.

Afantou Golf Expansion Planned

Between 30 billion and 40 billion drachmas worth of expansion projects are planned for the Afantou area on the island of Rodos. Proposed projects include a 3-lane golf course, a hotel and auxiliary lodgings, commercial units, and a hotel marina.

Clean Greek Coastline Cost 18.7 Billion Drachmas

Kostas Laliotis, environment and public works minister, announced the completion of a 7-year cleanup program for Greek coastlines that cost some 18.7 billion drachmas.

International Advisor To Apply Greek Hotel Star System

The long awaited star system for Greek hotels may finally get off the ground later this year. The Hellenic Tourism Organization has called for an international advisor to assist in the implementation of hotel categorization through an international star system it has partially...

First Batch Of Promotional Funds Handed Over To EOT

Hellenic Tourism Properties handed over some two billion drachmas to the Hellenic Tourism Organization (EOT) recently as the first payment for the organization's tourism advertising campaigns abroad, which covers the majority of debt owed for same. As well, it's now official:...

Hellenic Tourism Properties Heads For Bourse

Along with the privatization of its casinos, Hellenic Tourism Properties will privatize itself. The first step was taken last month with the sale of convertible privatization bonds, or pre-stock (prometoxa), worth 800 million euros (272.6 billion drachmas), which is about a 25%...

SETE Questions Government’s Tourism Data And Methods

A delegation from the Association of Greek Tourism Enterprises (SETE) met with Prime Minister Costas Simitis last month, at his request, where the tourism professionals expressed their belief that the government has failed to take tourism seriously.

Airline Specialist Takes Over Tourism General Secretariat

Demetris Georgarakis, an electronic engineer with some 20 years experience in the airline sector (Olympic Airways) has been appointed to head the newly created tourism general secretariat, which is directly under the development ministry.

Rodos Golf Course Up For Long-term Lease

Owner of the Afantou Golf course on Rodos, Hellenic Tourism Properties, says it has completed studies for the development of the course and that before the beginning of August it will call for expressions of interest from the international community. It expects to have completed...

Tourism Continues To Outperform All Other Sectors

Travel and tourism is expected to generate 207 million jobs worldwide in 2001 with 53 million potential new jobs by 2011, probably outperforming all other economic sectors during this period, according to the latest report from the World Travel & Tourism Council (WTTC).

Offers In For Attica Beach Properties

Hellenic Tourism Properties called on the three consortiums that had bid for 10-year concession contracts for five state-run Athens beaches to improve their offers, both in the line of the lease fees and improvement works promised.

Athens Airport Defends Pricing Policies

The Athens Skal Club called on top-level executives from the new Athens international airport to join members for the monthly luncheon and explain why the airport charges are so high. The club's president, Makis Fokas, welcomed two executives and explained the problems the travel...

Travel Agents Blame Government For Tourism Arrival Decrease

Because government employees can not do their job properly and because government is unable or unwilling to give the proper incentive or education to rectify the matter, Greece loses billions of drachmas in precious tourism foreign exchange, says Yiannis Evangelou, president of...

Greece Lacks Long-term Tourism Strategy And Policy

The biggest problem facing Greek tourism is the lack of a long-term strategy and policy, said Spyros Kokotos, president of the Association of Greek Tourist Enterprises, during the 16th Philoxenia tourism fair. Mr. Kokotos added that the present government has failed to...

Venizelos New Culture Minister

Evangelos Venizelos is the country's new culture minister. Greek Prime Minister Costas Simitis replaced Culture Minster Theodoros Pangalos on November 19, the same day as a front-page interview by the latter expressed disagreement with certain government policies, including labor...

New Athens Airport Turned Over To Management Company

Athens's new Eleftherios Venizelos airport at Spata, 13 kilometers out of the capital, last month was handed over by the Hochtief-led consortium that built it in just over four years to the company that will undertake the management until 2030 (The Greek state has a 55-percent...

Tourist Enterprises Get EU Funding For Modernization

A total of 596.5 billion drachmas will be absorbed by the Greek tourism sector over the next five years with help from the Third EU Structural Fund and corresponding private investment, says Development Minister Nikos Christodoulakis. Much of the funds will aim at bringing these...

A Four-year Cultural Plan Announced

Greece's cultural ministry recently announced four-year cultural activity plan in view of 2004 Athens Olympics. The project is called the Cultural Olympiad and will include large-scale events. The cultural ministry has formulated a budget of some 35 billion drachmas for the...