connect with us
Travel & Tourism industry news by Greek Travel Pages (gtp)

EIB, Greek Banks Launch Infrastructure Fund to Back Business

EIB and four Greek banks will participate in a 650-million-euro infrastructure program, aimed at identifying new high-impact investment projects in Greece.

EIB: €500m Backing for Businesses in Greece that Support Women, Youth Employment

The EIB will provide loans for companies in Greece that support youth employment and the empowerment of women in the workplace.

Full Speed Ahead in 2018 for Avis Hellas with Record Sales

Car rental company Avis Hellas broke all records in 2018, announcing 180 million euros in sales and 82.05 million euros in EBITDA profits.

Thomas Cook Secures Funding for Hotel Investments in Greece

Thomas Cook Hotel Investments (TCHI), a joint venture between Thomas Cook and LMEY Investments, has secured the sum of 40 million euros to invest in hotels in Greece and other Mediterranean destinations.

Avis Greece Acquisition Process Completed

Avis Budget Group, a leading global provider of vehicle rental services, has completed the acquisition of Olympic Commercial & Tourist Enterprises, which trades as Avis Greece, from Piraeus Bank.

Avis Hellas in Hands of Avis Europe – Turkey’s Otokoc

Avis Hellas will pass into the ownership of Avis Europe Holdings and Turkey’s Otokoc in a 318.1 million-euro deal, according to main shareholder Piraeus Bank.

Piraeus Bank Backs SMEs with €700m, EIB Opens New Athens Office

Small and medium-sized businesses in Greece will be able to tap into a total of 700 million euros of funding by EIB, EIF and EBRD, through local Piraeus Bank.

Piraeus Bank Approves Sale of Avis, Budget, Payless Car Rental Franchises

Piraeus Bank has approved the sale of its subsidiary "Olympic", which is the holder of the master franchises for Greece of Avis, Budget and Payless.

Attica Group to Acquire 50.3 Percent of Hellenic Seaways

Attica Group has reached a tentative agreement to acquire the majority of stakes, 50.3 percent, of Hellenic Seaways for 30.61 million euros.

EU Funds to Boost 2,000 Greek Businesses

A total of 420 million euros in funding is intended for some 2,000 Greek SMEs as part of the European Commission’s Investment Plan for Europe.

EU Bank Launches Credit Line for Agriculture, Tourism, Manufacturing in Greece

The European Investment Bank (EIB) announced on Thursday the launch of a 1 billion euro "Loans for SMEs and MidCaps" credit line to Greek banks.

Hellenic Seaways Up for Grabs, Let the Bidding Begin

A 40.4 percent stake in ferry services provider Hellenic Seaways (HSW) is up for sale after Piraeus Bank launched an open international tender for the company this week.

Avis Celebrates 55th Anniversary in Greece with Record Year

Car rental company Avis recently celebrated its 55th year anniversary in Greece by reporting record earnings and growth.

Piraeus-MIG Deal: Changes Expected In Greek Coastal Shipping Sector

The recent strategic cooperation deal between Piraeus Bank and Marfin Investment Group (MIG) is expected to lead to significant developments in the Greek coastal shipping sector.

Lufthansa Welcomes New General Manager

Paulo Yoshikawa is Lufthansa's new general manager for Greece and Cyprus. The Japanese-Brazilian national began his career with Lufthansa in Sao Paulo, Brazil in 1975 and has been with the German carrier ever since. Before coming to Athens, Mr. Yoshikawa was based in Madrid,...

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...

Bumper Year For Greek Casinos

The privatization of the Mont Parnes Casino is entering its final stage. Hyatt Regency together with construction company Hellenic Technodomiki have submitted one of the offers, while another bid came from the group of Club Hotel Loutraki, Piraeus Bank, the construction companies...