The Greek government has put a 1.2 billion euro deal with Frankfurt-based transport company Fraport for the management of 14 regional airports on hold, citing the need to re-examine the terms and conditions of the agreement.
Procedures for the sale of a 51 percent stake in the Piraeus Port Authority (OLP) are scheduled to move ahead in May, the country’s privatization fund, TAIPED (Hellenic Republic Asset and Development Fund) said.
Travel and tourism is the driving force of investment and economic growth for local economies but countries set to see an increase in visitors must ensure that infrastructure is in place if they wish to tap into the benefits, a World Travel & Tourism Council (WTTC) report...
Kasteli airport, to be constructed on the island of Crete, will be on the agenda of talks in the coming days between Economy Minister Giorgos Stathakis and a delegation from China’s State Construction Engineering Corporation (CSCEC).
After posting losses due to bureaucratic delays in its Greek five-star-plus project to be developed on the island of Crete, Minoan Group, active in travel and leisure, announced plans to expand its Stewart Travel services across the UK.
The Greek Council of State, the highest court in Greece, has approved the draft presidential decree which refers to the development plan and strategic environmental impact study of a major tourism project on Crete.
Greece’s privatization fund, known as TAIPED (Hellenic Republic Asset and Development Fund), will be replaced by the Public Wealth Fund following a decision on Tuesday, by Deputy Finance Minister Nadia Valavani.
The Greek government is expected to stick to its commitment to its international lenders and go ahead with privatization projects already underway, which includes renegotiating the agreement with Frankfurt-based transport company Fraport to run 14 regional airports.
A construction magnate from the southwestern province of Yunnan has bought a Greek island for 4.8 million yuan (about $770,000) following an auction on Taobao, China's largest online-shopping platform.
Five major tourism projects in Ithaki, Viotia, Chios, central Greece and Crete, are awaiting the green light under the country’s “Fast Track” law, which accelerates the licensing procedures for private-public investments.
Hotel group Vita Hotels has added two new accommodation investments on the island of Crete to its portfolio, striking a deal, in the meantime, with UK travel providers Thomas Cook for exclusive services.