According to news from Minoan Group, the resort development project is a step closer to getting approval for building on the Cavo Sidero peninsula. After several years of red tape dealings, the Chairman of Minoan says signatures for a needed presidential decree may be forthcoming. Stocks in the company surged on the news.
Travel planning site Hipmunk has just received 15 million USD in its second round of investment led by led by Institutional Venture Partners (IVP).
Albania is confident of securing greater investment from the Middle East, following the successful visit of a high level delegation from the Al-Imtiaz Investment Group in Kuwait, which travelled to the Balkan country as special guests of Albanian President Dr. Bamir Topi.
In travel technology news today, Concur, an integrated travel and expense management company, announced a $5 million dollar investment in the Yapta airfare and hotel rate tracking service. Accordingly, Cloncur will now use Yapta exclusively for their TripIt Pro user accounts.