BALKANTOURIST AWARDED FOR ITS GOOD IMAGE
Balkantourist has been granted the prestigious international award for the best image in leisure industry and trade - Europe 2002 - of the Spanish specialized magazine Actualidad. The company's Executive Director Nelly Sandalska specified that the award was granted to the holding on June 29, 2002 in Madrid. The choice between companies was made by a committee, headed by the President of the publishing house Publicaciones de Comertio International, on the grounds of their profitability and conribution to the overall economic tability and growth in the respective country, insiders explained. Ms. Sandalska announced that by the year 2004 Balkantourist will make large-scale investments - exceeding EUR40MN - in Doubrovnik where the holding ahd purchased two hotels.