Thomas Cook

The Finance Ministry announced on Tuesday that it has prepared a legislative act for the exemption of all Greek hotels suffering consequences due to the sudden the collapse of UK tour operator Thomas Cook from the so-called "stay-over tax" for the period from September 23 to October 10.

A UK government program to help travelers stranded in Greece and other countries after the collapse of travel firm Thomas Cook get back home is under way, British Ambassador to Greece Kate Smith said on Twitter on Tuesday.

The economic losses for Greek businesses in the tourism industry from the collapse of British travel firm Thomas Cook are estimated between 250 to 500 million euros, the country's tourism confederation SETE said on Monday night.

Holidaymakers hit by the collapse of Thomas Cook, the world's oldest tourist firm, desperately scrambled for information on Monday on how to get home, as Britain mounted its largest repatriation effort since World War Two.

The blow dealt by the bankruptcy of UK tour operator Thomas Cook to the Greek economy was too big for traders at the local stock market to ignore on Monday, leading to significant losses for many stocks, albeit on rather low turnover.

The Greek government is set to announce measures to support the local tourism industry, which has been dealt a major blow by the collapse late on Sunday of British tour company Thomas Cook.

An emergency meeting has been scheduled for Monday evening (7 p.m.) at the Greek finance ministry to coordinate actions and measures to mitigate the consequences of the collapse of British travel firm Thomas Cook.

The British tour operator, Thomas Cook, declared bankruptcy today after failing to find the money needed to continue its operations and launching liquidation proceedings. This was reported by world agencies quoted by BTA.

About 50,000 tourists are stranded in Greece and mainly on island resorts after British travel firm Thomas Cook collapsed, the tourism minister said on Monday as extra flights were booked to ease their return home.

About 50,000 tourists are stranded in Greece, mainly on islands, as a result of British travel firm Thomas Cook's collapse, a Greek tourism ministry official told Reuters on Monday.

The tourists, mainly British, were vacationing in the islands of Zakynthos, Kos, Corfu, Skiathos and Crete, the official said.