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March current account deficit at 955.8 mln on improvement in goods balance
EconomyMacroeconomymillion euros, mainly driven by lower net services and travel receipts. Travel receipts rose by 28.2.... The rise in receipts offset a rise in travel payments by 20.7 percent to 173.1 million, leading to a travel services surplus of 79.1 million, compared to a surplus of 53.4 million euros for the same
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May current account shows surplus of 191.5 million as underlying indicators improve
EconomyMacroeconomyincreased by 356.3 million euros, driven largely by an improvement in the travel balance. Travel... arrivals. The rise in receipts comfortably offset a rise in travel payments, which increased by 16 percent to 201.5 million euros. This brought the travel surplus to 1.27 billion, growing strongly by 38.2
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Calls for measures to lessen impact of Thomas Cook collapse in Greece
EconomyFeaturesThe collapse of British travel firm Thomas Cook on Monday left around 50,000 tourists stranded... largest companies and the world’s oldest travel companies impacted an estimated 500,000 holidaymakers... with the travel giant will be hit particularly hard. One of Thomas Cook’s policies was to pay hotels
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Newsletter 229 -22/11/2019
to take place before Christmas. Budget primary surplus at 5.76 bln in October September travel balance... travel balance rose to 2.63 billion euros in September from 2.28 billion a year ago, Bank of Greece (BoG... to 2.85 billion euros for the month, increasing by 16 percent YoY. Travel payments also increased
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Turnover in tourism rises by 4.8 pct in Q4
EconomyMacroeconomyof Greece, Greece’s travel balance rose to 42.7 million euros in December, representing a rise of 84.6... percent year-on-year (YoY). Travel payments fell by 1.2 percent to 246.3 million euros. Foreign... trip edged up by a slight 0.7 percent. Travel receipts from the 28 European Union (EU 28) countries
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A sudden turnaround that could lead to sharp shock
Agoraimporter of Greek goods. Looking at the 2019 balance of payments data from Bank of Greece, travel and sea... receipts in Q2 and close to 88 pct in Q3. Travel peaks in Q3 due to the high seasonality, representing 65..., city hotels and seasonal resorts were forced to close and travel came to a halt as countries shut
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeaturesCrisis Readiness report, following the SARS crisis, the World Travel and Tourism Council (WTTC..., allowing visitors to travel to Greece as early as September, possibly saving the final quarter. However... of July. According to the latest estimates by the WTTC, the travel industry will lose 75 million
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Newsletter 248 -24/04/2020
of managerial competence. Digital investments could provide GDP boost Travel balance more than... with the business sector. In addition, Greece’s travel balance rose to 73.7 million euros in February from... percent YoY. Travel payments also increased by 1 percent and came to 166.7 million. Foreign arrivals
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Newsletter 249 -08/05/2020
to remove this restriction from May 18. The next major step will be to allow free travel... quarantine-free travel between participating countries. All the evidence points to a very limited 2020... of the year, Greece receives 70 percent of its travel revenues during the summer and, as restrictions
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Greece plans tourism reopening while waiting for EU guidelines
EconomyFeatures, Athens is calling for the lifting of travel restrictions within the bloc where possible by June 15. The paper said that the Greek government’s objective was to work towards restarting travel flows... of the tourism services.” Greece proposed a negative coronavirus test 72 hours before travel
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