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Foreign arrivals push travel surplus up by 6.6 pct in July, average expenditure falls
EconomyMacroeconomyGreece’s travel receipts increased by 5.3 percent in July, slowing from the increase of 14.2... in July, while payments fell by 9.8 percent to 190.2 million. This pushed the travel surplus... which stood at 578.4 euros. The figure for this June was 589 euros. During the month of July, travel
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Travel balance up by 18.5 pct in August as foreign arrivals increase
EconomyMacroeconomyGreece’s travel receipts increased by 16.4 percent in August compared to the 5.3 percent increase... in August, while payments fell by 14.3 percent to 165.7 million. This led to the travel surplus to 3.36... euros. During August, travel receipts from the 28 European Union (EU) countries rose by 38.6
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Travel balance surplus up by 29 pct in Q1 to reach 165 mln
EconomyMacroeconomyThe balance of travel services came to a surplus of 165 million euros for the first quarter (Q1.... The rise was driven largely by a 34.8 percent increase in travel receipts which offset a rise of 36.4 percent in travel payments. Foreign visitors were up by 7 percent year-on-year, which was the main
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Travel balance falls by 53.6 pct in March
EconomyMacroeconomyGreece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank...). Receipts came to 92.1 million euros for the month, falling by 71 percent YoY. Travel payments also... to 216.50 euros. Travel receipts from the 27 European Union (EU 27) countries fell by 67.2 percent YoY
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Travel balance falls by 97.8 pct in April
EconomyMacroeconomyGreece’s travel balance fell to 4.6 million euros in April from 31.6 million a year ago, Bank... came to 7.3 million euros for the month, falling by 89.7 percent YoY. Travel payments also... euros. Travel receipts from the 27 European Union (EU 27) countries fell by 98.7 percent YoY
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomyGreece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank... came to 13.1 million euros for the month, falling by 99.2 percent YoY. Travel payments also decreased... euros. Travel receipts from the 27 European Union (EU 27) countries fell by 99.5 percent YoY and stood
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Travel balance falls by 85.1 pct in July
EconomyMacroeconomyGreece’s travel balance came to 516.4 million euros in July from 3.47 billion a year ago, Bank...). Receipts came to 577 million euros for the month, falling by 84.4 percent YoY. Travel payments also... to 696.70 euros. Travel receipts from the 27 European Union (EU 27) countries fell by 76.6 percent YoY
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Travel surplus up to Oct down by 78.2 pct as receipts plummet
EconomyMacroeconomyGreece’s travel balance in October came to a surplus of 472.2 million euros from a surplus of 1.2... by a sharp rise in Covid-19 cases, October is de facto the end of the season for the travel industry in Greece. Receipts were 526.1 million euros, falling by 64 percent YoY. Travel payments also decreased
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesin recent years, heavy taxation, especially VAT, remains a problem. In October 2015, a new rate of hotel VAT... hotel buildings that have not been used before. In the case of a transfer, a 2.4 percent stamp duty... duty, etc) may be due for the foreign investor. Greece’s hotel industry has been voicing concern
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Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
EconomyMacroeconomyGreece's travel receipts rose by 7.3 percent in August, more than double the previous month’s rate... travel receipts stood at 3.4 billion in August with the corresponding payment up 10 percent to 214 million. As a result, the travel surplus improved by 7.1 percent reaching 3.18 billion in August from
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