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  1. Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
    Photo by MacroPolis

    EconomyMacroeconomy

    as soon as possible.” On travel receipts, which contributed 8 percent of GDP last year, the BoG.... As a result, travel receipts from the UK made up less than 12 percent of total travel revenues

    9%

  2. Turnover in tourism sector rebounds 2.6 pct in Q3
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    travel receipts fell by 5.5 percent to 12.08 billion euros in the 9-month period fully attributed... by 3.5 percent to 21.34 million. The breakdown displayed showed that travel receipts from EU countries.... Although all estimates and figures point to a positive volume growth for the whole year, travel receipts

    9%

  3. Newsletter 122 - 09/06/2017

    Newsletters

    data showed. Bank of Greece (BoG) figures showed that travel receipts fell by 4.8 percent to 513.2... by 1.2 million to 26 million in 2017, while travel receipts are projected to rise by at least 1 billion and range between 14.2-14.5 billion. Travel receipts fell by 4.8 percent in Q1, on the back

    9%

  4. Newsletter 137 -27/10/2017

    Newsletters

    to 3.83 billion euros. The main driver behind this was the travel balance, which grew by 18.5 percent to 3.36 billion euros. The growth stemmed from a rise in travel receipts by 16.4 percent to 3.52 billion, while travel payments fell by 14.3 percent to 165.7 million. On an aggregate basis, the C

    9%

  5. Turnover in tourism sector up 13.9 pct in Q3, positive for fifth consecutive quarter
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    that travel receipts rose by 6.2 percent in the first half (H1) of the year, driven by an increase... euros year-on-year. In 2016, travel revenues decreased by 6.4 percent to 13.22 billion, fully... to 26 million in 2017. Furthermore, travel receipts are foreseen to increase by at least 1 billion

    9%

  6. Newsletter 147 -19/01/2018

    Newsletters

    for the management of the facilities. The balance of travel services came to a surplus of 11.57 billion... year. The rise was driven largely by a 10.5 percent increase (1.24 billion euros) in travel receipts, compared to travel payments which fell by 4.8 percent to 74 million. Foreign visitors were up by 8

    9%

  7. January current account deficit at 585.8 mln as goods balance worsens
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    . This was mainly caused by lower net services and travel receipts. Travel receipts fell by 3 percent to 153.1.... Travel payments also fell by 3.6 percent, leading to a services balance of 13.8 million, which

    9%

  8. Tourism accounts for 27.3 pct of Greek GDP in total, study shows

    EconomyFeatures

    to 44.8 percent of all employment. Travel receipts generated in 2017 covered around 80 percent of the balance of the trade deficit, or 14.7 billion out of 18.4 billion euros. Travel receipts made up 74... method of travel was by road (8.3 million, up by 8.7 percent) while arrivals by sea reflected a drop

    9%

  9. Newsletter 175 -21/09/2018

    Newsletters

    in the services surplus which offset a deepening of the balance of goods deficit. The travel balance came to a surplus of 3.22 billion in July, rising by 15.9 percent YoY. Travel receipts rose by 14.4 percent... came to 16.54 billion from 14.73 billion a year ago, with the travel balance up by 17.8 percent

    9%

  10. January current account deficit at 1.18 bln as underlying components deteriorate
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    by 22.9 percent. Travel receipts rose by 53.2 percent to 232.4 million in January, driven by a 9.4 percent increase in international arrivals during the month. Travel payments also rose by 20.4 percent, leading to a travel balance of 66 million, a strong increase against the balance for last year which

    9%