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

Greece’s Coveted Astir Palace Project Gets Green Light, Ready for Take-off

The Greek Council of State has approved amended plans for the sale of the historic coastal resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.

Application Process for Greek Business Funding Opens on Oct. 12

Professionals and business owners in Greece seeking grants for their enterprises can apply for government funding under the new development law as of October 12.

Piraeus Among World’s Top 30 Container Ports by 2018, Cosco Says

Chinese shipping giant Cosco has big plans for Piraeus aiming after its expansion to boost container volume by 35 percent by 2018.

Hellenikon Project in Greece Gets Parliament Go-ahead

An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a multi-purpose hub, was given the green light by majority vote in Greek parliament.

Hellenikon Project to Bring in €14.1bn in Tax Revenue, Report Says

The massive and highly anticipated Hellenikon project along the Athenian Riviera is expected to boost state coffers by some 14.1 billion euros in tax revenues between 2016 and 2041, according to the Athens-based Foundation for Economic and Industrial Reseaerch (IOBE).

First-half Turnover Tops for Astir Palace Group

The Astir Palace Group, owners of the Astir Palace Resort located in the southern Athens suburb of Vouliagmeni along the Athenian Riviera, has posted first-half turnover to the tune of 15.2 million euros, up by 42 percent compared to 10.7 million euros a year ago.

Greek Tourism Enterprise Body GEPOET Talks Business in China

In efforts to promote the interests of its members, the General Panhellenic Federation of Tourism Enterprises (GEPOET) explored the potential of working together with Chinese sector professionals during Greek Prime Minister Alexis Tsipras’ recent visit to China.

Tourism, Infrastructure Top Greece-China Team Work

Tourism and infrastructure will be at the top of the Greece-China agenda of collaborative efforts, Economy, Infrastructure, Shipping and Tourism Minister Giorgos Stathakis said during a business forum on shipping held in Beijing.

Cosco to Dish Out Extra €500m for Piraeus Investment

Chinese shipping giant Cosco will dish out some 500 million euros over and above the paying price for the port of Piraeus, its managing director, Xu Lirong, said this week during talks with Greek Prime Minister Alexis Tsipras, who is in China on an official five-day visit to...

Greece-China Shake Hands on Culture, Science, Exports & Tourism

With the sale of a majority stake in the Port of Piraeus to Chinese shipping giant Cosco at the center of talks, Greek Prime Minister Alexis Tsipras sealed on Monday a number of deals with Chinese officials during his five-day visit this week to Beijing and Shanghai, aiming to...

Athens Riviera Astir Palace Resort Sale Gets Green Light

The Greek Council of State has approved amended plans for the sale of the historic coastal hotel resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.

Cosco-OLP Deal Ratified Amid Blame-Game Over Changing Terms

The 300-member Greek parliament ratified by a 223-vote the sale of the Piraeus Port Authority (OLP) to Chinese shipping giant Cosco a day after the Hong-Kong based conglomerate said in letter that the terms for the deal submitted to parliament had been altered.

China, Crete Shake Hands on Tourism, Culture & Trade Exchange

Crete Governor Stavros Arnaoutakis and his Chinese counterpart from the region of Guangxi, Chen Wu, recently signed a treaty of friendship and cooperation.

Greece Development Law… Goes to Parliament

The Greek government’s new development bill, which foresees deductions and exemptions, leasing and interest subsidies, and a 12-year fixed tax framework, was tabled in Parliament on Tuesday, with deliberation set to begin Friday.

Crete’s Kastelli Airport Tender Extended to June 27

The bidding process for the financing, construction and operation of the new Kastelli airport project in Heraklion, Crete, has been extended until June 27, Infrastructure Minister Christos Spirtzis said, adding that six parties have thus far expressed interest.

SETE Says New Greek Incentives Law Complex, Unclear

The new Greek incentives law tabled earlier this month which foresees deductions and exemptions, leasing and interest subsidies, and a 12-year fixed tax framework, must be simple with clear guidelines and deadlines for potential investors, the Greek Tourism Confederation (SETE)...

New Greece Incentives Law Aims to Draw in Investment

Deductions and Exemptions, leasing and interest subsidies, and a 12-year fixed tax framework are part of a new incentives law tabled recently and set for vote by the end of the month, Economy, Development and Tourism Minister George Stathakis and Secretary General for Strategic...

Culture Ministry Doublespeak Leaves Afantou Rhodes Investment Up in the Air

The culture ministry and Rhodes authorities are at loggerheads over a decision by the former to initially declare the area of Afantou as an archaeological site despite official plans to create a golf course there and then to release a statement saying the investment can proceed...

Endeavor Greece Raises Bar, Pledges More Backing at Annual Event

International non-profit organization, Endeavor Greece, raised the bar during its annual event held at the Acropolis Museum recently, presenting its vision for a promising future of more jobs and steady growth.

Bidding Process for Crete’s Kastelli Airport Extended to May 6

The bidding process for the Kastelli airport project in Heraklion, Crete, has been extended until May 6, Infrastructure Minister Christos Spirtzis announced this week, citing the “complexity”of the project.