ILIAS BELLOS

Tourism mission accomplished

Greece has achieved its national targets for tourism this year, with arrivals and revenues reaching 50% of those in record year 2019, sector insiders and government sources agree.

Accor, Fosun expand presence in Greece

The Greek hotel market is proving particularly attractive for foreign companies wishing to expand in the sector, French multinational Accor and China’s Fosun Tourism Group set to start operating new units as of 2022. The latter has bought out the activities of Thomas Cook in the sector.

16.09.2021 / 22:12

At least four competitive bids expected for port of Iraklio

A minimum of four bidders are expected to submit offers for 67% of the Iraklio Port Authority by Friday’s deadline, set by state asset utilization fund TAIPED.

13.09.2021 / 16:30

Tourist destinations overwhelmed

The large number of visitors in Greece’s most popular tourist destinations is usually considered a blessing. But the crowds that gathered in some Aegean islands this summer have tested their infrastructure to the limit.

09.09.2021 / 04:00

Flow of US arrivals continues

Tourism Minister Vassilis Kikilias has sent a personal letter to the managers of the three biggest US airlines (American, Delta and United), which this year have scheduled seven daily flights to Athens between them, assuring them that Greece will not change its policy regarding the acceptance of vaccinated visitors from the US.

07.09.2021 / 11:59

Tourism keeps up momentum

European tourism giant TUI is recording strong demand for holidays in Greece in September and October, based on data from the first few days of this month.

07.09.2021 / 01:00

Crisis forces Celestyal Cruises to sell one of its vessels

Nicosia-listed Louis plc, the parent company of Celestyal Cruises, has resorted to the sale of its Celestyal Experience cruise liner in order to ensure adequate liquidity and continue operating amid the pandemic.

05.09.2021 / 20:38

Bill is set to slash tax on donations

A new Interior Ministry bill on donations to charities will include significant tax breaks reaching up to 40%.

03.09.2021 / 15:08

Hellenic Post employs robotics to save time and money

Hellenic Post (ELTA) is making swift moves in adopting new technologies that can improve its services while cutting costs.

25.08.2021 / 22:15

Greek-owned shipping fleet worth $132 billion

The value of the Greek-owned merchant shipping fleet grew over 32% in the past three years and now stands at $132.58 billion, data from consultancy VesselsValue show.

24.08.2021 / 13:43

Tourism data confirm 2021 recovery

Tourism had a positive impact on Greece’s balance of payments for services in June, Bank of Greece data show, putting it even further in the black.

23.08.2021 / 23:40

United Group has plans for Nova, Wind

United Group has big plans for its recent acquisitions, telecom company Wind and subscription TV platform Nova.

20.08.2021 / 19:39

Cosco’s Piraeus Port stake rises to 67%

The Court of Audit has approved the sale of another 16% stake in Piraeus Port Authority (OLP) to Cosco Shipping and a five-year extension for the company to complete the investments it has undertaken to make.

19.08.2021 / 13:58

Tourist traffic going well, so far

Tourist arrivals up until mid-August look like they will achieve the goal of recovering 40% of pre-pandemic volume

18.08.2021 / 17:29

Transport costs shooting up

Soaring transport costs not only threaten the profit margins of companies dependent on imported products, parts and raw materials, but could also rekindle inflation.