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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 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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Turnover in tourism drops by 62.6 pct in Q3
EconomyMacroeconomy’s travel balance came to 776.5 million euros in September from 2.67 billion. This is equal..., falling by 71.4 percent YoY. Travel payments also decreased by 77.1 percent and came to 49 million.... The average expenditure per trip rose by 12.1 percent to 618.4 euros. Travel receipts from the 27
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Current account shows deficit of 436 mln in January
EconomyMacroeconomyto a surplus of 277.1 million, down by 30.9 percent YoY. The travel balance showed a surplus of 2.4 million, dropping by 97.6 percent YoY. The travel balance for last year came to 97.7 million, meaning that in January this year around 95.4 million euros is missing from the travel balance
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Govt in tight spot as opposition questions lockdown easing priorities
PoliticsGreek Politics, as comments from government and church officials suggest that travel between regions... the bad news on Easter travel more unequivocally than any official government source has done..., albeit with scaled-down outdoor services. Easter travel is perhaps the biggest political hurdle
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Summer optimism undermined by uptick in Covid-19 indicators and subdued expectations for tourism
PoliticsGreek Politicsof the first week of reopening bars and restaurants and relaxing the rules for domestic travel and retail... revised down its expectations for travel receipts from its initial forecast of 50-50 pct of 2019... across Europe, which is not allowing the kind of uninterrupted travel the government had hoped
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Current account deficit widens to 780.8 mln in Oct, led by deterioration in goods balance
EconomyMacroeconomyto 3.64 billion euros, from 2.51 billion in October 2020. The travel balance showed a surplus of 1.27... in line with the 1.2 billion euros seen in October 2019, a record year for travel receipts. Travel... euros, from 6.64 billion euros last year. The travel surplus came to 9.3 billion euros, from 3.49
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Worsening goods balance pushes current account deficit to 2.52 bln in Nov, highest since 2011
EconomyMacroeconomybillion in November 2020. The travel balance showed a surplus of 173.8 million euros, nearly five... seen in November 2019, a record year for travel receipts. Travel receipts came to 286.8 million euros... last year. The travel surplus came to 9.47 billion euros, from 3.52 billion last year and 15.41
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