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Egyptian-Greek maritime network agreement
Tuesday, June 14, 2005
Dr. Essam Sharaf the Minister of Transport signed an Egyptian-Greek memorandum of understanding with the Greek Commercial Maritime Minister and the Greek Transport Minister.

Dr. Essam discussed with his counterpart the Egyptian-Greek maritime relations concerning transportation, commerce, tourism, investment and maritime training.

The memorandum of understanding included the maritime network between the two countries which will develop the commercial and economic cooperation, enhance the transport maritime network with the European network and facilitate passengers and commodities transportation between Egyptian and Italian ports.

It also included the toursit cruise under Egyptian and Greek flags so that the ships can pass through Egyptian or Greek ports.

The two ministers discussed all issues related to the air links between the two countries and establishing an Egyptian-Greek tourist package to lure tourist coming from the Far East and finding all ways for developing the Egyptian-Greek tourism.
Theodore Koumelis - Tuesday, June 14, 2005
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How will the currently developing financial crisis and oil prices rally affect the tourism industry?.

they will have temporary and minimal effect and the situation will stabilize in a year or two

we should be looking at a restructuring in the international tourism movements and trends

it is still too early to access the impact on world tourism, medium or long term

we will see more tourism closer to home, and less international travel

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