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Tourism
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EconomyFeatures
Tourism industry braces for outcome of gloomy Covid-19 scenarios As the impact from the coronavirus spreads across Europe, the consequences are already being felt across Greece’s vital tourism sector with fears growing that the summer season could be lost.
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EconomyMacroeconomy
Travel balance surplus up by 27 pct in January to 80.2 mln Greece’s travel balance rose to a surplus of 80.2 million euros in January according to Bank of Greece (BoG) data released on Monday, representing a rise of 27 percent year-on-year (YoY).
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EconomyFeatures
Greek hotel industry reports COVID-19 related losses of half a billion to date The Hellenic Chamber of Hotels (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due to the coronavirus epidemic.
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Economy
More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth The government is lining up more fiscal measures to prop up the economy as forecasters becoming increasingly gloomy about the impact of the coronavirus.
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EconomyMacroeconomy
Turnover in tourism rises by 4.8 pct in Q4 The turnover index in accommodation and food services rose by 4.8 percent year-on-year (YoY) in the fourth quarter (Q4), slowing from an increase of 6.1 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
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Economy
Gathering signs of coronavirus impact on growth expectations The Hellenic Fiscal Council (HFC) has warned that the Greek economy could be threatened by the spread of the coronavirus in the eurozone.
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PoliticsGreek Politics
Greece braces for potential impact of coronavirus on key economic sectors Key sectors of the Greek economy are expected to suffer the effects of reduced travel and trade due to the spread of the coronavirus.
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EconomyMacroeconomy
Travel balance surplus up by 10.9 pct in 2019 as 31.3 mln visitors roll in Greece’s travel balance rose to a surplus of 42.7 million euros in December according to Bank of Greece (BoG) data released on Friday, representing a rise of 84.6 percent compared to the same time last year.
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EconomyFeatures
Hotel industry sees investment in high-end units, but hampered by seasonality The Greek hotel sector reported strong performance in 2019 with revenues rising by 7.3 percent year-on-year (YoY) according to data presented by the Hellenic Chamber of Hotels (HCH).
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EconomyMacroeconomy
November travel receipts drop by 42.9 pct on lower French receipts Greece’s travel balance fell to a surplus of 87.4 million euros in November according to Bank of Greece (BoG) data released on Tuesday, a decline of 42.9 percent compared to the same time last year.