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Turnover in tourism sector up 7 pct in Q4, increasing by 9.9 pct in 2017
EconomyMacroeconomypercent (803.1 million). The most recent figures released by the Greek Tourism Confederation (SETE) showed international arrivals at the main airports rose by 5.3 percent in December, pushing the aggregate... arrivals. Average expenditure per trip in 2017 rose by 1.4 percent to 521.1 euros compared to 514.1 euros
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Parties gear up for clash over escalating migration challenge
PoliticsGreek Politics, undermining the Greek government’s efforts to decongest the Moria centre on Lesvos in particular... camp on Lesvos, where a recent upsurge in arrivals has been accompanied by fatal accidents involving... greater licence now as the government tries to avoid being blamed for the rising arrivals
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Hotel industry sees investment in high-end units, but hampered by seasonality
EconomyFeaturesThe Greek hotel sector reported strong performance in 2019 as revenues rose by 7.3 percent year... that last year overall was a solid year for the tourism industry, with international tourism arrivals up by 4 percent around the globe. Broken down by geographic areas, overseas tourist arrivals in 2019
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Snap elections in Greece bring state's liquidity constraints into focus
Economyinto sharp focus the issue of what liquidity is available to the Greek state and any government... with the troika, it is obvious that Greek banks would be forced to fund both the T-Bill rollover... figures, T-Bills stood at 13 billion euros at the end of October. The bulk of these are held by Greek
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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek PoliticsAfter a troubling first few days in office, the new Greek government appeared to get a better grip... with the eurozone. The frosty handshake between Greek Finance Minister Yanis Varoufakis and Eurogroup President... another bailout tranche would be perpetuating Greece’s problem. The Greek minister also set out his
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Tsipras heads for Russia with specific aims, including halting speculation
PoliticsForeign PolicyGreek Prime Minister Alexis Tsipras is preparing for his two-day visit to Moscow, which begins....” Deciphering this message from the Greek side helps dispel some of the myths surrounding the purpose... for the Greek state. Athens has taken on board the lessons from Cyprus’s failed last-minute attempt to get
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Tsipras makes his point in Moscow but leaves with nothing tangible
PoliticsGreek PoliticsThe meeting between Greek Prime Minister Alexis Tsipras and Russian President Vladimir Putin... that there is no Greek request for a loan from Russia, Putin indicated that Moscow would consider investments... at this stage to lift the embargo on Greek agricultural imports, underlining that he could not make
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Newsletter 82 - 15/07/2016
by the institutions to the Greek authorities was unveiled last week with lenders’ detailed proposals... an update on banks’ loan quality. In specific, Stournaras revealed that the Greek authorities have..., the extension In March the non-performing exposure ratio in the Greek banking market edged up to 45
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Greece treads carefully, hoping to avoid blowback from failed coup in Turkey
PoliticsForeign Policyissues between the two countries, the Greek government was given an extra cause to worry about when... in the northeastern Greek city of Alexandroupolis on Saturday and then appealed for political asylum... the officers to be in a position to claim their human rights have been neglected by the Greek state
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Greece sets up working group to monitor implications of Brexit
PoliticsForeign PolicyThe Greek Foreign Ministry has decided to monitor closely European developments linked... within the framework of the Scientific Centre of Analysis and Planning of the Greek Foreign Ministry...” and Northern England and Wales, which voted in favor of “Leave”. According to Greek diplomats
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