SETE: Negligible danger of Greek hotels passing into foreign hands
- Written by E.Tsiliopoulos
The danger of Greek hotels passing into foreign hands is very small, the president of the Greek Tourism Confederation (SETE) Andreas Andreadis said in statements to the press.
Andreadis' term as president of the tourism confederation will end in May.
Referring to hotel lending, he stressed that the total debt is 7.2 billion euros, 3.6 billion euros of which are "bad loans". He added, however, that 600 million euro loans out of the 3.6 million euro loans have already been settled.
Moreover, he underlined that the tourism sector is not considered overborrowed compared to the 13 billion euro revenue of the sector and its contribution to the Greek economy. He also stated that tourism is now recognized by society as the most potent pillar of the Greek economy.
Related items
-
Greece moves to become Southeast Europe’s first carbon storage hub
-
Giannis Antetokounmpo says Heat provide best route to another NBA title
-
Mitsotakis says under-15s should be banned from major social media platforms, warns of AI's "extreme" risks
-
Marco Rubio made a reference to the murder of Vagia Nestora - "She was executed because her daughter dared to run for public office"
-
Greek banks have liquidity ready to fuel economic growth
Latest from E.Tsiliopoulos
- Greece moves to become Southeast Europe’s first carbon storage hub
- Giannis Antetokounmpo says Heat provide best route to another NBA title
- Mitsotakis says under-15s should be banned from major social media platforms, warns of AI's "extreme" risks
- Marco Rubio made a reference to the murder of Vagia Nestora - "She was executed because her daughter dared to run for public office"
- Greek banks have liquidity ready to fuel economic growth