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  1. October C/A deficit drops to 351 mln, down 39.1 pct over year

    EconomyMacroeconomy

    travel receipts, and an improvement in the balance of current transfers by 84 million. Despite.... The already evident strong tourism season sparked an increase in travel spending by non-residents... in non-residents’ arrivals by 15.5 percent. Overall, the travel surplus to October soared by 17.9

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  2. Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    and most notably in Q3. The World Travel and Tourism Council report on Greece showed the total contribution of travel and tourism to GDP stood at 16.3 percent in 2013. In addition, international tourist arrivals and travel receipts surged 18.7 and 16.4 percent respectively in 2013, according

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  3. Current account deficit widens to 404 mln in March

    EconomyMacroeconomy

    construction, financial services and sea transport services. In contrast, the travel surplus improved... receipts. On the other side of the spectrum, travel surplus rose by 22.6 percent to 69.1 million... on the evolution of Q1 travel receipts and arrivals on Monday. The breakdown of the other key C/A components

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  4. Current account in surplus for 2nd straight month in June but down 20 pct on 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    to lower net receipts from transport and other services. In contrast, the travel surplus slightly improved by 1.9 percent to 1.72 billion arising from a broadly similar rise in travel receipts by 1.2... than offsetting a drop in the relevant travel spending per trip. The substantial deterioration

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  5. Turnover in tourism sector increases by 9.9 pct in Q3
    Photo by MacroPolis

    EconomyMacroeconomy

    that travel receipts increased by 4.7 percent to 12.57 billion euros. This reflected a rise... from Russia plunged 62.1 percent. The respective travel receipts by visitors’ country of origin... respectively. Travel receipts from Germany and France recorded single-digit rises of 7.4 and 3.1 percent

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  6. Greek tourism: Hopeful yet uncertain for 2016
    Photo by MacroPolis

    EconomyFeatures

    to data from the Bank of Greece in December 2015. A report in April by the World Travel and Tourism... in passengers. The Bank of Greece reported in February that Greece's travel receipts fell..., corresponding payments slipped 1.4 percent to 137.5 million euros. This resulted in a travel balance

    9%

  7. Current account deficit widens to 412 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    sea transport receipts. In addition, travel receipts fell 10.4 percent to 1.1 billion in May despite a rise in non-residents’ arrivals by 4.4 percent. As a result, travel surplus retreated 11.3... to capital controls. Moreover, travel receipts decreased 6.2 percent to 2.08 billion in the 5-month period

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  8. Current account surplus almost doubles to 1 bln in June
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    transport receipts, while travel receipts also fell by 5.4 percent to 1.85 billion. According to BoG... trip has also reduced in June. As a result, travel surplus retreated by 3.6 percent to 1.72 billion... reflects lower net transport receipt mostly attributed to capital controls. In addition, travel

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  9. Newsletter 86 - 26/08/2016

    Newsletters

    in 2015. The Bank of Greece said on Monday that travel receipts fell by 5.4 percent to 1.85 billion... a similar trend, with travel receipts down 5.8 percent to 3.93 billion as the inbound traveller flow...’ ability to engage in travel and recreation. In 2009, almost 4 million Greeks took a trip of four days

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  10. Turnover in tourism sector edges down 1.1 pct in Q2

    EconomyMacroeconomy

    of the year, travel receipts dropped by 5.4 percent to 3.93 billion euros, reflecting a decrease... expenditure per trip by 4.9 percent to 507 euros. The breakdown showed that travel receipts from eurozone... travel revenues to rise by 6.4 percent to 14.55 billion euros for the whole year, also incorporating

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