Albanian tourism generates EUR 754 mln of incomes in 9-mo

In 2007, tourism represented the activity with the highest currency flows in the Albanian economy. According to assessments of Bank of Albania, export in tourism has generated around EUR 754 mln of incomes, over the first ... More

IHRA Association to bring hotel chains to Serbia

Abraham Rozental, Manager of IHRA, the World Association that gathers half million hotel managers, says that our country is on the turning point and that he offered assistance to the Ministry of Economy and REgional ... More

Bulgarian Victoria Group to build 5-star hotel in Elenite resort

The local Victoria Group, owned by Bulgarian businessman Vetko Arabadjiev, said it will build a five-star hotel in company-owned Black Sea resort Elenite. The year-round complex, which will cater to wealthy Bulgarian and ... More

Turkey Aims to host 25m tourists in 2008

Turkey aims to host 25 million tourists in 2008, Turkish Culture and Tourism Minister Ertugrul Günay said during the opening of World Travel Market, the world's third largest tourism fair, in London. Günay, who held a ... More

Privatisation of Brezovica

We are pleased to note that the KTA is continuing to seek investors and expressions of interest in the Brezovica Ski resort. We expect to attract serious investors over the next 2 to 3 months with a formal tender date being set ... More

KTA promote the privatisation of ski resort

In an event organized by the Economic Initiative for Kosova (ECIKS), representing the Investment Promotion Agency of Kosovo (IPAK) in German-speaking region, representatives of ECIKS and Kosovo Trust Agency (KTA) have promoted ... More

Hotel operator to build hotel in FYRMacedonia border

Turkish hotel operator Princess plans to build a hotel under the world-renowned brand Sheraton at the Bogorodica check point between FYROM and Greece. The investor has secured a building permit and awarded the construction works ... More

Bulgaria hotel market welcomes new local chain

Local businessman Stefan Sharlopov plans to merge all of his hotel assets and guest houses into a new hotel chain under the brand Sharlopov Hotels. At the moment, the chain comprises nine local hotels. It will start branching ... More

7 bln Euro turnover from 2007 season

The expected turnover from the summer tourist season is some seven billion euro, Croatian Ministry of Tourism said. The 2007 summer season is the second consecutive record-breaking season. The number of arrivals grew by 8% and ... More

Tour operators doing good business in Bulgaria

'Challenging but ultimately successful', is how the 2007 tourist season will go down for local resort operator Albena AD, said investor relations officer Yovka Strashilova. Net profit rose to 23.346 mln levs in ... More

Tourist arrivals to rise by 6.0 pct this year

Greek tourism foreign exchange revenues are expected to rise by 3-3.5 percent this year, while tourist arrivals are expected to rise by 5.5-6.0 percent over the same period, Stavros Andreadis, president of the Association of ... More

220 companies from 17 countries exhibit at Tourism Fair

2007 has been a good year for the tourism business with growth reported in all fields less the incoming segment, President of the National Association of Travel Agencies of Romania (ANAT) Dragos Anastasiu stated in the opening of ... More

USD 500mn from Serbian tourism

Minister for Economy Mlađan Dinkić says that Serbia expects to collect some USD 500mn from tourism by the end of this year. He said the ministry with jurisdiction in the sector provided a blueprint to double tourist ... More

New horizons for Greek tourism

The head of the Hotel Chamber of Greece on September 27 urged the government and the tourism industry to work together to form a new vision for tourism development of the country. Gerasimos Fokas, speaking to reporters in Ancient ... More

EBRD lends EUR 24.4 mn to Jadranka

Jadranka and the European Bank for Reconstruction and Development (EBRD) have signed a letter of intent for financing the company’s reconstruction of hotels, Erste Securities reports. The project is estimated to cost EUR ... More

Bulgarian tourism on the rise thanks to Romanians

The largest share of foreign tourists in Bulgaria were Romanians – 540,000 in the first eight months of the year, up 120 per cent as against the corresponding period of last year, Rompres reports. Second came Greece with ... More

Germany's Neckermann opts out of Bulgarian sea resort Albena

Albena will not feature in next year's Neckermann holidays catalogue after the German tour operator, part of the Thomas Cook group, decided not to renew its business relations with the Bulgarian Black Sea resort. The pullout ... More

Kosovo's skiing resort attracts Italian investors

The Italian company LegaCoop FVG expressed the interest to buy Brezovica complex. The deputy president of the company LegaCoop FVG, Loris Asqunini, said that the company is a big group of shareholders in Italy and is very ... More

Indian co's in talks to buy hotels in Bulgaria

Two Indian corporations are in negotiations to acquire hotel properties in Bulgaria, said Poli Karastoianova, executive director of the National Tourism Board. She did not name the companies, saying that more details will be ... More

Tourism Master Plan stipulates priority promotion markets

Romania’s tourism brand must be reconsidered and promoted primarily in Germany, Italy, France, USA, Hungary, UK, along with a radical change in the employee training system in this sector. This is what the tourism ... More