Fraport

The European Bank for Reconstruction and Development (EBRD) is providing a 500-million-euro financing to support the regions affected by last year's devastating earthquakes.

The agreement regarding the new financing was signed between the Treasury and Finance Ministry and the development bank.

Germany was plunged into disarray on Thursday as strikes erupted across multiple fronts, disrupting travel plans for millions and compounding the economic challenges of a nation already mired in recession.

The islands of Mykonos and Santorini, historically the flagships of Greek tourism, are now paying the price for their overexploitation, without the upgrading of their key infrastructures, in order to manage the large number of visitors.

Bulgaria's major airports, including Sofia, Varna, Burgas, and Plovdiv, have confirmed their readiness for Bulgaria's upcoming inclusion in the Schengen area by air, slated for March 31. These airports anticipate a seamless transition, assuring improved passenger processing and reduced wait times for travelers to and from Schengen member states.

Exciting news for travel enthusiasts and vacation planners as Varna Airport gears up to introduce regular flights to Paris starting from April 12, 2024. This seasonal flight route will operate every Friday, spanning until September 27, offering a convenient link between Varna and the heart of France at Orly Airport.

At least one person has died in eastern Greece after torrential rains hit the country, already ravaged for weeks by devastating wildfires, authorities said on Tuesday.

However, officials said firefighters had brought under control the blaze burning for weeks in Dadia national park.

Fraport Greece, which manages the country's 14 largest regional airports, saw its first-half turnover increase 37.4%, to €191 million, compared to the same period in 2022.

Operating profit (EBITDA) rose 25.3%, to €73 million. Passengers reached 11.8 million, of which 73% were international departures and arrivals.

Frankfurt Airpor operator Fraport on Tuesday said its 2023 core profit would hit the upper half of its forecast range after second-quarter earnings were boosted by strong travel demand. Among Fraport's international portfolio, its 14 regional airports in Greece benefited the most from holiday demand.

Passenger traffic posted a major increase across the country's airports during the year's first five months, according to data from the Civil Aviation Authority.

Passenger traffic at the 14 largest airports outside of Athens - operated by Fraport Greece - showed a slight decrease in the first quarter of this year compared to the corresponding period in 2019.