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EconomyMacroeconomy
Receipt losses near 5 bln in first six months as June tourism figures disappoint Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY).
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PoliticsGreek Politics
Pandemic's growing economic impact warrants extra support measures, funded by cash buffer Greece is going to tap into its considerable cash reserves to fund some of the economic support measures the government will roll out this autumn as New Democracy tries to avoid increasing the country’s public debt further.
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PoliticsGreek Politics
Officials order wider use of masks as upward trend for Covid-19 cases continues The use of face masks for debates in Parliament became compulsory on Wednesday as Greek authorities try to re-instill a sense of caution in the public after seeing the number of coronavirus cases rise significantly this week.
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EconomyFeatures
Tourism numbers continue to worsen as worries grow over second Covid-19 wave As Greece moves into its summer high tourism season, the industry continues to warn of a lost summer in terms of revenue, as cautious tourists stay away.
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EconomyMacroeconomy
Travel balance falls by 99.3 pct in May Greece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY).
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EconomyFeatures
Hoteliers staring at big drop in turnover as liquidity calls grow The Hellenic Chamber of Hotels (HCH) has released its latest survey regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown little sign of recovery as the summer begins.
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PoliticsGreek Politics
Development model questioned again amid reaction to luxury resort go-ahead The construction of a large resort complex in Corfu on land ceded as part of Greece’s privatisation programme has ignited tension between the government and the local community.
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EconomyMacroeconomy
Summer season looks under threat as revenues fail to materialise Greece’s efforts to restart its vital tourism sector and capture revenues from the peak which usually takes place between June to September appear to be faltering according to the latest data.
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PoliticsGreek Politics
Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals Prime Minister Kyriakos Mitsotakis is due to chair a meeting with key ministers and aides on Monday to discuss the latest developments on the coronavirus front as concern grows in Greece about the coronavirus flaring up in the coming weeks.
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PoliticsGreek Politics
Rise in "imported" Covid-19 cases a source of jitters for tourism industry While reopening Greece to tourism was eagerly anticipated as a potential remedy for some of the economic impact of the pandemic, the realities of managing inflows of visitors safely are slowly becoming apparent as the number of coronavirus cases in the country rises.