ALL SEGMENTS WITH POSITIVE OPERATING DEVELOPMENT, HOTELS & RESORTS ABOVE PRE-CRISIS LEVEL FOR THE FIFTH CONSECUTIVE QUARTER – BOOKING LEVELS FOR THE SUMMER REMAIN STRONG – GROUP CONFIRMS EXPECTATION OF SIGNIFICANT INCREASE IN UNDERLYING EBIT FOR THE FULL YEAR -TUI back in profit in Q3 for the first time since the start of the pandemic: […]
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Τhe Hellenic Republic Asset Development Fund (HRAF), a member company of GROWTHFUND – The National Fund of Greece, received today, Monday, April 24, 2023, two (2) offers for the acquisition of a majority stake of at least 67% of the share capital of the company “Heraklion Port Authority” (HPA S.A.). Offers were submitted by the […]
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Almost one year after Russia launched its war of aggression against Ukraine, the EU economy entered 2023 on a better footing than projected in autumn. The Winter interim Forecast lifts the growth outlook for this year to 0.8% in the EU and 0.9% in the euro area. Both areas are now set to narrowly avoid […]
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Zagreb (Croatia) and Ljubljana (Slovenia) lead the ranking of cities with a higher degree of visitor satisfaction. The large European capitals drop positions due to their high hotel prices and due to a low value placed by visitors on the tourist offer in the destinations. The study analyzes air connectivity, the average hotel price, and […]
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TUI continues to execute its goal of rapidly deleveraging the Group, reducing interest costs and further reducing Corona state aid. The Corona state aid received in the pandemic is to be returned as quickly as possible and in sequence. TUI’s Executive Board and Supervisory Board have therefore today resolved to launch a capital increase against […]
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The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index. Frankfurt, Toronto, and Hong Kong […]
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The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, announces that nine Interested Parties have submitted an Expression of Interest for the acquisition of a majority stake of at least 67% of the “Heraklion Port Authority” (HPA S.A.). Expressions of Interest were submitted by the following Interested Parties (in alphabetical order): […]
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The European Commission has today disbursed €14.137 billion to 12 EU Member States in the seventh instalment of financial support under the SURE instrument. As part of today’s operations, Belgium has received €2 billion, Bulgaria €511 million, Cyprus €124 million, Greece €2.54 billion, Spain €3.37 billion, Italy €751 million, Lithuania €355 million, Latvia €113 million, […]
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As a result of an ongoing dialogue, the Independent Authority for Public Revenue of Greece initiated a best practice example within the European Union with a Memorandum of Understanding regarding the registration compliance procedure of Short-Term Rental Registry, signed by Airbnb, Booking.com and VRBO, Expedia Group’s Vacation Rental brand. The Registry is maintained on IAPR’s […]
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The European Commission has approved a €21 million Greek scheme to support operators of tourist buses and trains affected by the coronavirus outbreak. The measure was approved under the State aid Temporary Framework. The support, which will take form of direct grants, is intended to mitigate the impact on the beneficiaries of the restrictive measures […]
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