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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeatureson domestic flights. Spending on hotel and resort stays is expected to fall by 79 percent. In addition.... Domestic flight spending is expected to drop by 79 percent and spending on hotel and resort stays is anticipated to fall by 87 percent. The USA contributed 6.5 percent of overall tourism revenue
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingthe sale and transfer of its 97.3 percent stake in Ionian Hotel, which owns Athens Hilton Hotel, to Home... family) and D-Marine Investment Holding. The latter is based in Amsterdam and operates as a subsidiary..., including the refinancing of Ionian Hotel’s existing debt of 67.2 million. According to Alpha
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Newsletter 253 -12/06/2020
. Regarding Greece, the OECD expects that GDP will fall by up to 8 percent in 2020 under a single-hit scenario..., Greece’s GDP is forecast to fall by 9.8 percent this year. However, the decline in output, job losses... consumption is expected to fall by 8 percent under the first scenario and by 9.8 percent under the second
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Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
EconomyMacroeconomyis the lowest reading since June 2014. The monthly movement is driven mostly by a fall in Emergency Liquidity... basis, Eurosystem funding dropped by 21.32 billion euros, driven mainly by a fall in ELA funding... programme was agreed, with the majority of this fall (55.91 billion) originating from lower reliance on ELA
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Newsletter 7 - 12/12/2014
of the presidential vote has two distinct advantages. By holding the ballots on December 17, 23 and 29, rather than... that cumulative collections stand at just 277 million so far. Those banks (six commercial and six... dilution of HFSF bank holdings. As a result, the HFSF currently holds a minority share in Eurobank (35.4
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Tourism could give economy annual 5 bln boost, NBG report finds
EconomyFeaturesseason between June to September resulted in annual Greek hotel occupancy rates of 27 percent... which manifested in a fall in the cost of holiday packages in 2016. The result was an overall 8... investments of around 1.2 billion are required annually. This would essentially return hotel investments
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Hoteliers staring at big drop in turnover as liquidity calls grow
EconomyFeaturesof the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown... to last year. Broken down, 96.9 percent of hotels that operate year-round expect turnover to fall... being a brake on hotel results.” He added that goal for 2020 now remained to salvage what could
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Stage set for censure motion as Parliament votes to review charges against deputy minister
PoliticsGreek Politicsfor interfering with the scene of the crash. The motion was carried with 277 votes in favour, 12 against... and have a three-day debate on the issue before holding a confidence vote, which the government
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Newsletter 190 -18/01/2018
represents a fall of 74.8 percent compared to 2014, when the amount of tax refunds totalled 3.10 billion... billion euros and was below target by 611 million. Monthly net revenues totalled 5.34 billion euros
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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomylargely by a 4.8 percent fall in income tax revenues, which came to 5.78 billion and was off target... under target by 47 million euros. Interest payments continued to fall for a sixth consecutive period... million. The corresponding expenditure stood at 277 million, under target by 78 million and leading
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