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Greek housing market at new juncture as Covid-19 shakes foundations
EconomyFeaturesby restrictions on international travel. While it is too early to assess the long-term prospects.... A long-term shift away from international travel will undoubtedly snuff out any recovery based on foreign... on international travel have prevented foreign buyers from completing the process. According to the China-Greece
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It's the hope that kills you
Agoraby more than 15 pct. Naturally, as travel came to a standstill across the globe tourism became... that Greece would be able to secure between 8 and 10 billion euros of the 18 billion in travel receipts... countries that Greece was expecting visitors from took longer to allow travel abroad. In general, Europe
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Current account deficit increases to 767.4 mln in Oct as service surplus shrinks
EconomyMacroeconomyto a surplus of 851.5 million, from 1.64 billion in the same period last year. The travel balance showed a surplus of 507.9 million, nearly one third of last year’s 1.44 billion. Travel receipts were 526.1 million, dropping last year’s 1.46 billion. Travel payments came to 53.9 million, from 259
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Newsletter 281 -22/01/2021
of 1.26 bln in Nov Travel balance falls by 62.9 pct in November Greece’s current account (C/A) balance... to 43.10 billion. In addition, Greece’s travel balance came to 40.4 million euros in November from... (YoY). Receipts came to 60.7 million euros for the month, falling by 80.8 percent YoY. Travel
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Turnover in tourism drops by 57.6 pct in Q4
EconomyMacroeconomy, Greece’s travel balance came to 778,000 euros in December from 28.6 million a year ago. This is equal... percent YoY. Travel payments decreased by 87.7 percent and came to 32.7 million euros. Foreign... trip dropped by 16.1 percent to 347.09 euros. Travel receipts from the 27 European Union countries
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Newsletter 294 - 23/04/2021
will not be allowed to travel outside their region for the traditional “Easter in the village”. Mitsotakis said... of schooling are due to return to the classrooms on May 10, while travel between regions... million, down by 40.5 percent YoY. The travel balance showed a surplus of 7.6 million, dropping
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Current account shows deficit of 1.34 bln in June as tourism begins to come back
EconomyMacroeconomy, up by 166.8 percent YoY. The travel balance showed a surplus of 650.9 million, a huge increase... million. Travel receipts came to 790.7 million, increasing by 851.9 percent, while travel payments came.... The travel surplus rose by 222 percent to 826.4 million. Travel receipts rose by 51 percent to 1.1 billion
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Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
EconomyMacroeconomyof services. The improved tourism season started to reflect on travel receipts and improved... and ships was 2.48 billion euros in deficit, from 1.66 billion euros in May 2021. The travel balance... of just 144.7 million euros, and just 12 million euros of May 2020 when the pandemic affected travel
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Tourism shrinks June current account deficit, but goods deficit shoots up in H1
EconomyMacroeconomystarted to reflect on travel receipts and improved the overall current account balance. The deficit..., from 1.77 billion euros in June last year. The travel balance started returning to normality... million euros of June 2020 when the pandemic affected travel. Travel receipts came to 2.62 billion
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomyby 87 million, the travel balance showed a small deficit of 5 million. This is due to higher travel spending by residents abroad compared to travel spending in Greece by non-residents, although... the travel balance to February remained positive, it dropped by 60 percent to 11 million primarily
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