ECONOMY

Hoteliers look for investors from Russia

The owners of some 300 hotels in Greece are seeking investors in Russia to sell their units, Nikos Angelopoulos, the honorary president of the Association of Hellenic Tourism Enterprises (SETE), revealed on Thursday.

Angelopoulos added that the hotel owners have already sent the relevant information to the Russian Embassy in Athens.

He was speaking at a round-table discussion on tourism development that took place at a Thessaloniki hotel, organized by the German-Greek Chamber of Commerce and Industry.

Given the major difficulties hoteliers are facing, SETE President Andreas Andreadis will meet with top officials of banks and the Hellenic Bank Association in the coming days in a bid to find a solution to the cash flow problem in the tourism sector.