Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost

EconomyMacroeconomy Tags: BoG, Tourism
Photo by MacroPolis
Photo by MacroPolis

Greece’s travel balance rose sharply by 38.2 percent in May, recovering strongly from April’s decline of 29 percent, Bank of Greece (BoG) data revealed on Tuesday.

Receipts came to 1.47 billion euros for the month, an increase of 34.7 percent. Travel payments increased at a slower pace of 16 percent to 201.5 million.

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