High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
International tourist arrivals soared by 18.7 percent to 20.11 million in 2013, while travel receipts increased by 16.4 percent to 12.15 billion euros, according to the Bank of Greece’s (BoG) final data.
Excluding cruises, arrivals surged by 15.5 percent to 17.92 million and receipts by 16.8 percent to 11.71 billion euros. Both figures beat the Association of Greek Tourism Enterprises (SETE) targets of 17 million arrivals and 11.5 billion receipts.
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