That was the holiday

The Orbis hotel and tourist group announced it would welcome the New Year with a €32.5 million package of investments to upgrade guest facilities. The group is also assembling a €115 million package to pick off credit card clearance house Hekkon. Orbis profits over the first three quarters of 2002 fell almost 50% on the previous year to €7 million, reflecting the market downturn in the sector. Hence the projected sideways shift away from core activities, reinforced by plans to buy leading coach company Pekaes Bus.