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Turnover in tourism sector up 1 pct in Q1 for third straight quarterly rise
EconomyMacroeconomyto 513.2 million euros in Q1 on the back of a drop in the average expenditure per trip by 3.2... attributed to a decline in the average expenditure per trip by 11.3 percent to 514 euros, while foreign... spending per trip, lower receipts last year also reflect a decrease in the average stay duration from
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The conundrum of Greek olive oil exports
EconomyFeaturesto the Bank of Greece (BoG), only around 27 percent of the 300,000-plus tonnes which Greece exports per annum... demand for olive oil because the local cost of production is relatively high at 1 euro per kilogram... per cent higher than 2014).” Their report highlights that a more vertically integrated production
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Greek household expenditure falls by another 2.5 pct in 2016
Societyto 1,392.03 euros, down by 2 percent or 28.97 euros compared to 2015’s figure. The average expenditure per month per person came to 538.94 euros in 2016, down by 2 percent or 11.24 euros compared to 2015... per month than the average for the country, while for households with three children or more up to 16
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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyeuros to 20,000 euros per customer per day. Relevant supporting documents and declarations... was changed from a lump sum of 840 euros every two weeks to 1,800 euros per calendar month
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturessurveyed at 75 percent. The survey found that in 2016, euro area consumers made 1.6 payments per day on average, equalling nearly 11 payments per week. Of these, the average in the euro area was 1.2 payments in cash and 0.3 by card. Greek consumers carried out around 1.6 transactions per day in cash
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Grand projects and even loftier ambitions drive Greece's energy project bonanza
EconomyFeaturesan overall import capacity of 11.3 billion cubic metres per annum (bcm/y) through three entry points... in 2020, it will have an initial capacity to deliver 10 bcm of Caspian gas per year... metres per year. The project passed a technical feasibility study in 2016, and was ratified
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Lenders set ambitious e-auction targets for Athens
EconomyProgrammeonline auctions per month, reaching 2,000 auctions per month in the last quarter of 2018. Between 2019 and 2021, auctions should further rise to 40,000 auctions per year. An encouraging early sign
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Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
EconomyMacroeconomyexpenditure per trip also rose by 10.7 percent, or 56 euros per trip. Receipts from residents... euros in average expenditure per trip. In the five-month period, revenues from EU28 rose by 35
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Newsletter 172 -27/07/2018
of 2.45 million visitors for the month. The average expenditure per trip also rose by 10.7 percent, or 56 euros per trip. Receipts from residents in the EU28 increased in May by close to 54 percent... in the period was up by 5.4 percent, or 24 euros in average expenditure per trip. In the five-month
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Travel balance increases by 16 pct in June and 19.5 pct in first half of year
EconomyMacroeconomy. The average expenditure per trip dipped by 4.7 percent to come to 553.4 euros per trip compared... expenditure per trip edged up by 0.6 percent to 498 euros compared to 495 euros for the same period
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