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Car hire firms growing rapidly

Car hire agencies are expanding at a rapid rate, according to a report from the Athens-based Research Institute…

Car hire agencies are expanding at a rapid rate, according to a report from the Athens-based Research Institute, ICAP<.>.

ICAP`s third report on the car hire industry states that, in Greece, there are around 2,500 such companies whose main problems include the existence of a black market in car hire, unpaid traffic violations (on the part of clients) and the banning by law of hiring out cars with a driver as well as light trucks and mini-buses.

Between 1995 and 1999, the Greek car hire industry grew at a constant rate – 26% on average per year.

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