Author Archives: Santorini Hotels

«Hybrid» tolling system under development by Olympia Motorway in Greece

According to sources from the concession company of Olympia Motorway, «hybrid» tolls are under development promising to operate a proportional tolling system, available only to those with Olympia Motorway’s e-pass, ypodomes.com reports. The logic is simple: e-pass users will enter the Motorway and will be billed normally at toll stations. When they leave, they system will estimate the miles that have not been used (i.e. until the next toll station) and an amount of money will  be reimbursed to their accounts. For its part, Olympia Motorway sees a «fair» charging system that introduces the desired proportionality, without investing big funds. It is worth pointing out that, as secure sources report at ypodomes.com, the possibility of the development of «hybrid» tolls is provided by the Olympia Motorway’s concession contract amendment in 2013. This also makes it possible to be the very first motorway concession project that proceeds in this way and, if implemented satisfactorily, could be a benchmark for the rest of the country’s motorways. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tony esopi patra  Let's block ads! (Why?)

Latest police operation ends twin squats in downtown Athens

The latest high-profile police operation in downtown Athens to end building "squats" targeted two buildings - facing each other - with all of the occupants evacuated identified as third-country nationals, mostly from Syria and Afghanistan, and with the majority being women and minors, naftemporiki.gr reports. One of the two buildings is a neo-classical structure, the Tositseion School, which dates to the 19th century. It was designed by eminent German architect Ernst Ziller and used up until 2014 as a public school, but later left vacant. The other property is a narrow, five-story abandoned office building. A total of 269 foreign nationals were located, including 98 minors, many of whom are pre-teens and toddlers. Both properties are situated off central Acharnon Avenue. The entire group was transported by buses to police command center for identification, prior to being hosted at official migrant/refugee shelters. Α couple of handguns believed to be replicas and a few rounds of ammunition were also found during the raid. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Jebulon Let's block ads! (Why?)

Greek 10-year bond benchmark yield hits fresh all-time low

Greece’s benchmark 10-year bond yield continued its slide on Friday, hitting a fresh all-time low of 1.31 percent before rebounding to 1.35 a few hours later, ekathimerini.com reports. On Thursday it had closed at 1.38 percent, after the Greek stock market’s roadshow in London that reportedly generated considerable interest among investors. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Europa credito urgente Let's block ads! (Why?)

Greek PM applauds students’ climate change mobilization in Athens

Commenting on the students' climate change mobilization in central Athens on Friday, Prime Minister Kyriakos Mitsotakis noted that "protecting the environment is an issue which finds us united," in his post on Twitter, ANA reports. "We have so much to do: get rid of plastics and carbon, protect forests, switch to less harmful energy sources. I congratulate our students on today's mobilization," PM Mitsotakis wrote.  RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Let's block ads! (Why?)

Decision removing religion and nationality on school certificates signed in Greece

Education Minister Niki Kerameus on Friday signed the decision that removes all references to the religion and nationality of pupils on school certificates in Greece. The decision is expected to be published in the Government Gazette. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: GianniM Let's block ads! (Why?)

Greek language classes and book clubs at UCLA Stavros Niarchos Center

LOS ANGELES – The UCLA Stavros Niarchos Center for the Study of Hellenic Culture will welcome Valorie Kondos Field as its inaugural speaker for the 2019-2020 academic year. Field’s inspirational lecture, “Life is Short, Don’t Wait to Dance,” will be held on Sunday, October 6, 3 PM, in the Lenart Auditorium at UCLA’s Fowler Museum. The lecture is free and open to the community. A reception and book signing will follow on the museum’s Goldenberg Terrace. The lecture is co-sponsored by the newly formed Pacific Region of the Hellenic American Women’s Council. Valorie Kondos Field is the retired head coach of the seven-time NCAA Champion, 22-time Regional and 18-time Pac 12 Champion UCLA Women’s Gymnastics team. Inducted into the UCLA Athletic Hall of Fame in 2010, the four-time “National Coach of the Year” was recently named “West Region Coach” of the Year and Pac 12 “Coach of the Century” for her solid track record as a preeminent coach. Affectionately known by her gymnasts as “Miss Val,” her reputation is only one reason that 46 former U.S. National team members have come through her program and why half of the last two Olympic teams have committed to UCLA. Field’s coaching success is due to her extraordinary leadership and mentorship of young student-athletes, and the way in which she uses gymnastics as an avenue through which to teach valuable life lessons, while encouraging individuality and joy. Something Field learned from the late John Wooden, the legendary and most successful collegiate basketball coach of all time, who was one of her biggest inspirations, as well as a close mentor and friend. Field began her career as a professional ballet dancer and choreographer for the Washington, DC and Sacramento Ballet Companies. Although never a gymnast herself, she has transferred to her student-athletes all she learned in the world of classical dance. The result of which has been nearly three decades of coaching one of the premiere athletic programs in any sport, mentoring hundreds of elite athletes, including Olympic champions Simone Biles, Jordan Wieber, Kyla Ross, Madison Kocian, Laurie Hernandez, and Nastia Liukin. Also known as the nation’s foremost gymnastics choreographer, Miss Val’s many credits include choreographing and directing a myriad of live variety shows, such as the NCAA Opening Ceremonies for Women’s Basketball, a Kareem Abdul-Jabbar roast, CBS’s “Jump, Jive & Thrive” Breast Cancer Research Foundation benefit, and 26 years of cirque-type shows for SeaWorld’s Summer Nights, and Choreographer and Director for multiple shows for the San Diego Zoo from 2015 to the present featuring larger-than-life puppets, dancers, still walkers, musicians, and acrobats. Works include The Journey, JAMBO!, and Call of the Night. Current projects include additional live stage shows, TV specials, events, and the development of a theatrical musical. She is also a dynamic and charismatic speaker with an extensive schedule of corporate coaching events for national companies including JP Morgan Chase. As a recent breast cancer survivor, Field’s positive outlook and hope-filled message is impactful. She empowers her athletes to use their voices, to celebrate themselves, and to enjoy the elite sport that has damaged so many in the past. She is thrilled to have the opportunity to share motivating and inspirational messages with the world, with her book, “Life Is Short, Don’t Wait to Dance: Advice and Inspiration from the UCLA Athletic Hall of Fame Coach of 7 NCAA Championship Teams,” which was released in Fall 2018 by the Hachette Book Group. It expounds on her life philosophy: “Don’t wait to see what life is going to hand you, take control of your life and design-choreograph it exactly how you want it to turn out.” The UCLA Stavros Niarchos Center for the Study of Hellenic Culture supports lectures and performances that are free and open to the public. More information on this year’s schedule, including Modern Greek language classes and book clubs, is available online: hellenic.ucla.edu. Read more at thenationalherald.com RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Let's block ads! (Why?)

MG&E CEO reiterates casino operator’s interest in Helleniko license in Greece

The chief of Mohegan Gaming & Entertainment has reiterated the casino operator's interest in an international tender for an integrated resort casino at the Helleniko site, its president and CEO, Mario Kontomerkos, told reporters on the sidelines of the Thessaloniki International Fair (TIF), naftemporiki.gr. Mohegan is one of two multinationals, the other being Hard Rock International, that has pledged to submit binding offers for the gaming license. MG&E local partner in a consortium expected to bid for the license is ATHEX-listed GEK Terna. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Ralf Roletschek Let's block ads! (Why?)

Commission approves plan to protect Greek primary residences from loan default

The European Commission approved on Thursday the Greek Primary Protection Scheme for households unable to repay their mortgage loans and at risk of losing their primary residence, ANA reports. According to a press statement, the program has an annual budget of nearly 132 million euros and sets strict eligibility criteria along property value and borrower income lines.  Eligible borrowers will receive a grant corresponding to 20-50% of their monthly loan payment, depending on their income, provided that their loans are secured against their primary residence; and that they resume paying the residual part of their monthly payment.  RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: European Commission Let's block ads! (Why?)

Competitiveness of Austrian aviation critical for jobs and prosperity

Vienna –The International Air Transport Association (IATA) released analysis showing that a more competitive air transport sector in Austria could generate an additional 14,000 jobs and nearly €4 billion in extra GDP for the nation’s economy by 2037.  An IATA study, Austria Air Transport Regulatory Competitiveness Indicators, recommends that to maximize the employment and prosperity opportunities created by a successful air transport industry, Austria should: Fully abolish the Austrian Air Transport Levy tax. Ensure airport and air traffic control services are as cost effective as possible, and focus on airspace modernization, including promoting the Single European Sky. Adopt innovative technology and processes, harmonized with EU legislation, for passenger and cargo facilitation. The reduction in the Air Transport Levy in January 2018 was a positive step. Passenger growth of 9.9% in 2018, and increased competition at Vienna airport prove that, among other factors, the cutting of the tax has had a beneficial effect. It is also evidence that the economy could be boosted further by complete abolition of the tax: a PwC/A4E study estimated that Austrian GDP would be boosted by €320 million a year from this policy action alone.  Air transport’s contribution to the Austrian economy is significant. The industry at present supports nearly 95,00 jobs and contributes €7.6 billion to the economy, accounting for 2.1% of Austria’s GDP. If the government pursues an agenda for competitiveness, an extra 14,000 jobs and nearly €4 billion in additional GDP will be generated by 2037. In contrast, around 8,000 jobs could be lost over the same period if Austrian air transport competitiveness is not enhanced. The environment is a key challenge and the aviation industry is committed to reducing its carbon emissions to half of 2005 levels by 2050. Substantial progress has already been made: since 1990, CO2 emissions per passenger have been halved. Meeting the 2050 goal requires significant investment in sustainable aviation fuels and new hybrid-electric technologies. If the Austrian government were to encourage such investments, it would not only be demonstrating climate leadership, it would also open up new economic opportunities for the country.   “An agenda for aviation competitiveness can deliver exciting economic and environmental progress in Austria. If the government finishes what it has started, and abolishes the air transport levy, it will boost the economy. And if this is matched with strategic policy support for sustainable aviation fuels, carbon emissions can be cut faster,” said Rafael Schvartzman, IATA’s Regional Vice President for Europe. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Masakatsu Ukon Let's block ads! (Why?)

Greek telecom OTE’s 500 million bond coupon at historic lows of 0.875%

Hellenic Telecommunications Organisation S.A. (OTE) on Wednesday announced that OTE Group concluded on Tuesday, the bookbuilding process for the issuance of a 500 million euros 7-year bond in international debt capital markets, according to ANA.  The issuance was strongly oversubscribed enabling tight pricing. The coupon was set at 0.875 pct, the lowest ever achieved. OTE Group achieved significant improvement of its financial position through the extension of its debt maturity profile at very attractive rates. Deutsche Telekom AG participated in the issuance by covering 20 pct of the deal size, signaling its support to the sustainable development of the Group and its vote of confidence in the prospects of the Greek economy. RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Salonica84  Let's block ads! (Why?)