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EU Membership Implications for Tourism Sector in Greece

Explore the implications of EU membership on Greek tourism sector, investment opportunities, funding sources, administration procedures, and pros and cons for the industry. Learn about the impact of EU membership on pricing, taxation policies, and consumer behavior.

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EU Membership Implications for Tourism Sector in Greece

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  1. EU Membership and implications for Tourism sector Georgios Drakopoulos General Manager 4 December 2003, The Ritz Carlton Hotel, Istanbul

  2. To get the climate... • EU money • EU funds • Community Support Frameworks

  3. Characteristics of CSF • sector specific investment • Administration BBBBureaucracyyyy • Nationwide/Provinces • general infrastructure

  4. Characteristics of CSF Total Investment (100%) = Public Funds (20%) + EU Funds (30%) + Private Investment (50%) Procedure: you pay first, then wait...

  5. Easy going tips • Decrease level of bureaucracy • insure transparancy (avoid extra controls in future CSF) • participate in committees/ influence decisions • general infrastructure • prepare plans for sector specific investment

  6. Greek Tourism in CSF 1st CSF (1989 - 1993) • Tourism 86.5 mi ecu 1,6% • Primary Sector 619.0 mi ecu 11,4% • Industry 412.0 mi ecu 7,6%

  7. Greek Tourism in CSF 2nd CSF (1994-1999) • Tourism 184,3 mi ecu <1% • Primary Sector 2.0 bi ecu 9.9% • Industry 1188,0 mi ecu 5,6%

  8. Greek Tourism in CSF 3rd CSF (2000-2006) 800 mi Euro 0,7% of total ATTENTION! no balance transfer to future CSF!

  9. EU full membership - Implications for Tourism PROS • no currency exchange commission • price comparison • easy movements

  10. EU full membership - Implications for Tourism CONS • no use of exchange rate mechanism • strong Euro - less intra EU travel • no subsidies • harmonization of taxation policies general increase of prices!!!

  11. Stories & myths for transition period • Pricing • accounting • equipment - IT systems • special training • consumer behaviour • suppliers chain • personnel training

  12. SETE strongly supports Turkey’s european perspective and full membership, asap

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