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Travel & Tourism industry news by Greek Travel Pages (gtp)

Time Is Running Out For Olympic Airways

Last month, the European Commission requested the European Court to impose penalties on Greece for non-compliance with the Commission's 2005 ruling that Olympic must repay illegal government subsidies of 161 million euros received from 1998 to 2002.

Government Expands Ties with Asia

Boosting tourism and trade with Asia was a key theme last month, with the government signing agreements with South Korea and Thailand. Progress also was made on direct flights to Beijing.

Neorion Holdings May Construct New Ships for EasyCruise

EasyGroup, the holding company of Greek entrepreneur Stelios Haji-Ioannou, signed a letter of intent with the Greek shipyard, Neorion Holdings, for the construction of as many as four cruise ships for use by its low-cost cruise business easyCruise. The new 500-passenger cruise...

Tourism Enterprises Eligible for Subsidies

Tourism enterprises eligible for the Third Community Support Framework subsidy cycle include small to mid-sized C, D and E class hotels, as well as B class hotels with a capacity of up to 125 beds. Also eligible are C and D class camping grounds, and furnished rooms, apartments...

Draft Bill Gives OA Six-month Reprieve

The government drafted a bill last month that protects Olympic Airlines (OA) from its creditors and thus guarantees the airline's smooth operation for at least another six months. The draft amendment bars current or future creditors from taking any action against OA until the end...

Greek Prime Minister Kostas Karamanlis Announces Tourism Development Policies

Greece's Premier outlined numerous development strategies, many of which center on the tourism sector, in his speech at the Thessaloniki International Fair last month. He said his government would give first priority to policies that concern the countryside, and mountain and...

New Incentives to Foster Tourism Investment

Red tape, leading to delays and the disappointment of investors, has lead to less-than-expected investment in the Greek tourism sector over the past years. But now Economy and Finance Minister Giorgos Alogoskoufis and Tourism Development Minister Dimitris Avramopoulos, say the...

Hellenic Tourism Properties Remains Public Property

Government last month decided to suspend the listing of Hellenic Tourism Properties (ETA) on the Athens Stock Exchange.The company is a state-controlled one that leases property owned by the Hellenic Tourism Organization, including beaches,marinas, casinos and hotels, to private...

Tourism Sector Gets Promised Ministry

As promised, the new government has created a Greek tourism ministry. The newly appointed minister, Dimitris Avramopoulos, and his deputy, Anastassios Liaskos, for the moment are the "guests" of Development Minister Dimitris Sioufas until appropriate tourism ministry offices are...