Prime Minister of Greece, Antonis Samaras has announced Greece will invest €500 million euru in tourism infrastructure per year over the next six years. Last month, at the 22nd annual general assembly of the Association of Greek Tourism Enterprises (SETE), Samaras outlined the funds from the National Strategic Reference Framework (NSRF), as well as private sector investment.
Russian travelers
Russian Travelers Fuel Increase of Cyprus Tourism Revenues
An increase in tourist arrivals from Russia has powered an increase in Cyprus’ tourism revenue. After a constant increase throughout 2012, revenues are expected to reach 2 billion euros by the end of the year, closing at a 10% increase from last year’s figures, according to the Cyprus Tourism Organistion (CTO).