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

Greek Gov’t Examines Funding Increase for Remote Island Ferry Services

The Greek Shipping Ministry is looking into ways to boost funding for remote island ferry services and ship lease, following problems on the Samothrace – Alexandroupolis route.

Tenders Kick Off for Remote Island Ferry Services in Greece

The Greek Shipping and Island Policy Ministry recently announced the launch of tenders to secure exclusive three-year contracts for 93 remote island ferry routes.

Airlines Serving Remote Greek Islands Get 6-month Extension to Contracts

A six-month extension has been given to airline companies serving remote Greek islands whose contracts expire next month, Infrastructure Minister Christos Spirtzis said this week.

Greek Gov’t to Cut Some ‘Remote’ Island Air Routes

The government is considering to abolish some state-subsidized airline routes to remote Greek islands, Infrastructure and Transports Minister Christos Spirtzis said this week.

ESM Approves Third Bailout for Greece

The European Stability Mechanism’s (ESM) board of governors approved Greece's 86 billion euro bailout program on Wednesday.

Greece’s Airport Deal with Fraport Sparks Reactions

The Greek government's decision to privatize four airports in the Ionian region, has sparked angry reaction from regional and local authorities.

OSYPA to Hold Web Press Conference to Explain Negative Effects of Privatization of Greek Airports

The Federation οf Associations οf Hellenic Civil Aviation Authority (OSYPA) has announced that it will present the negative impact the privatization of Greece’s 14 regional airports will have on the country's economy, society and sovereignty during a live web press conference...

Bids for Privatization of 14 Greek Airports to Open

The binding offers for the right to manage and operate 14 Greek regional airports will be opened next week.

Finance Minister To “Mamma Mia” Director: “We Are Not Privatizing The Greek Coastline”

"Let me assure you that we are not privatizing our coastline," Greek Finance Minister Gikas Hardouvelis wrote to the director of the "Mamma Mia!" movie, Phyllida Lloyd.
Thessaloniki International Airport
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Tender For Greek Regional Airports Still Pending

The Greek Government will divide the country’s regional airports into three groups based on geographical criteria prior to inviting private investors to submit expressions of interest for their operation, the Greek media recently reported.

State Casinos Up For Sale Post Increased Profits

The state-owned casinos at Parnitha and on Corfu are expected to enrich state coffers by some 15 billion drachmas this year, Hellenic Tourist Properties said last month. The optimistic projection came after the casinos released eight-month results showing growth in both customers...

Olympic Airways Sale On Hold

Recent events have created new conditions under which the privatization of Olympic Airways must be carried out. Although the Greek government gave the green light to privatization advisers Credit Suisse First Boston to continue negotiations with Axon Airlines until October 17 -a...

Alitalia Joins SkyTeam Alliance

One of the last big independent names in air travel, Alitalia, signed an agreement recently with the global alliance SkyTeam. Members include Air France, Delta Airlines, Korean Airlines, Aeromexico and CSA Czech Airlines. CSA's international hub in Prague strengthens Skyteam's...

Greek Marinas Go Private

Three 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), announced plans...

Axon Takes Delivery Of Five New Aircraft As It Bids For Olympic Airways

With or without Olympic Airways, Axon Airlines, which has emerged as the frontrunner in a privatization tender for Olympic Airways, intends to grow by leaps and bounds. The two-year-old airline last month took formal delivery of five new aircraft - two Boeing 737-400s and three...

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%...