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Economy
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.
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EconomyMacroeconomy
Q3 unemployment in Greece still at 27 pct despite strong tourism season The non-seasonally-adjusted unemployment rate eased for the second straight quarter in Q3, falling to 27 percent from 27.1 percent in Q2 and 27.4 percent in Q1, according to data released by the Hellenic Statistical Authority (ELSTAT).
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EconomyMacroeconomy
Tourism turnover index slows but signs remain positive Turnover Index in Accommodation and Food Services rose 1.2 percent in the third quarter 2013, decelerating from the 5.2 percent posted in the second quarter, according to Hellenic Statistical Authority (ELSTAT). The improvement - one again - confirms the strong tourism season in Greece this year.
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EconomyMacroeconomy![en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/10/10/unemployment_1000_myrto_1010-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Unemployment creeps up to 27.6 pct in July; little tourism boost evident The seasonally adjusted unemployment rate in July edged marginally higher to 27.6 percent from 27.5 percent in June, according to data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
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EconomyMacroeconomy
Greek C/A deficit to July narrowed to just 156 mln with boost from tourism The July current account (C/A) balance showed a surplus of 2.73 billion euros from 510 million euros last year, according to the Bank of Greece (BoG). The significant increase mainly reflects a jump in the current transfers’ surplus to 1.86 billion, from just 100 million last year, owing to an inflow of 1.5 billion related to SMP income.