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Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
EconomyFeaturesand Bulgaria. Overnight stays increased by 10.2 percent YoY, and travel receipts came to 15.65 billion... and 52.2 percent of travel receipts. Just five regions attracted 81.9 percent of visits, 86.2 percent... with 549,000 visitors (+46.1 percent). Travel balance The latest travel balance from the Bank of Greece
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Current account lands on deficit of 673.4 mln in October, aggregate at deficit of 697.4 mln
EconomyMacroeconomy. The services balance dropped YoY by 126 million, reaching 1.63 billion euros in October. The travel balance.... However, travel receipts increased by 4.1 percent and non-residents’ arrivals rose by 1.9 percent... last year, a drop of 11 percent. As noted, travel receipts increased by 4.1 percent and stood at 1.44
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Newsletter 251 -22/05/2020
of products and services, including travel, restaurants and cinema The government is aiming to rescue.... As a result, they hope that a good chunk of the limited travel that will take place in Europe... impact of Covid-19 on trade & travel Greece’s current account (C/A) balance posted a deficit of 1.10
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyon direct travel from such countries. However, critics have noted that the ban is easily circumvented... in July, 196 cases related to travel were recorded out of 326 in total. This was more than 60 percent.... Staycations A study by the Institute of the Greek Tourism Confederation (INSETE) looked into the travel trends
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Greece among hardest hit in Covid-related drop for European arrivals
EconomyFeaturesThe European Travel Commission (ETC) has examined tourism trends in the light of the second... in Europe. The ETC noted that the lack of a unified European approach impacted travel patterns in Europe... throughout Europe regarding travel restrictions and quarantine measures has faced criticism from
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EU digital certificate seen as boost for tourism against backdrop of worsening pandemic
PoliticsGreek Politics” for travel has been welcomed by PM Kyriakos Mitsotakis as a potential boost for Greek tourism. Αside... of the health status certificate which promises to ease travel among EU countries, has been hailed... of an EU-wide travel document has achieved sufficient consensus among member states to be put
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Current account shows deficit of 1.4 bln in May as imports rise
EconomyMacroeconomymillion, down by 4.6 percent YoY. The travel balance showed a surplus of 112.1 million, an eightfold increase from last year, during the first lockdown, when it came to just 12 million. Travel receipts... percent. Travel payments came to 56.2 million, an increase of 77.7 percent. Total imports came to 4.97
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyto a 10.3 percent rise in the travel receipts stemming from a much higher increase in non-residents’ arrivals by 25 percent. The travel surplus stood at 2.98 billion, up 9 percent YoY. The BoG is due to release more detailed figures on the 8-month travel surplus on Wednesday. The contraction
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Greek current account surplus up to 1.6 bln in September after fourth straight rise
EconomyMacroeconomyin the travel receipts stemming from a 23 percent rise in non-residents’ arrivals. As a result, the travel... on the travel surplus on Friday. The reduction of the trade deficit by 15.1 percent primarily stems...’ surplus grew by 17.3 percent to 16.79 billion euros in the 9-month period largely due to higher travel
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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomyin the transport (sea and air) and other services balance. In contrast, the growth of travel receipts slowed to 4.6 percent, while travel surplus grew marginally by 0.4 percent to 824 million, despite soaring non-resident’ arrivals by 18.9 percent. BoG is due to release detailed figures on travel surplus
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