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Greek hotel industry reports COVID-19 related losses of half a billion to date
EconomyFeatureshotels had been pressured to drop prices by tour operators, with an average reduction of 30 percent... hotels estimated that their turnover would drop by 51 percent in 2020 based on room rates... hirings with an average drop of 48 percent anticipated. The survey highlighted that the coronavirus
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeaturesMcKinsey, Germans are expected that this year their expenditure on international flights will drop... are expected to drop by 82 percent. In 2019, BoG figures showed that visitors from the UK generated 14.1... estimates that spending on international flights is expected to drop by 88 percent for the British market
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Industrial turnover drops by 35.4 pct in April, hitting series low
EconomyMacroeconomyGreece’s industrial turnover fell by 35.4 percent year-on-year (YoY) in April compared to a drop... percent noted in January 2009. The monthly performance was led by a 35.5 percent drop in manufacturing... percent. The drop in the domestic market was driven by a fall in manufacturing of 35.4 percent, while
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Industrial turnover drops by 15.1 pct in August as manufacturing slows
EconomyMacroeconomyto a sharper drop of 16.2 percent in July, Hellenic Statistical Authority (ELSTAT) data published on Tuesday... performance was led by a 15.3 percent drop in the manufacturing index. The turnover index in mining... the turnover in the domestic market fell at a sharper rate by 18.8 percent. The drop in the domestic
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Newsletter 281 -22/01/2021
was partly offset by a 4.2 billion drop in the balance of goods deficit, along with a slight improvement... in the current aggregate period compared to last year. Payments also recorded a drop of 70.4 percent to 733.4... to 2.4 million. In total, arrivals showed a drop of 76.3 percent in the first eleven months
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Newsletter 294 - 23/04/2021
. Reducing the tax advance and tax rates will cost the budget 900 million this year and will drop... in February was led by a 18 percent drop in the mining and quarrying index The reading is the 13th straight... percent from a year earlier in February, compared with a revised drop of 12.3 percent in January
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Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
EconomyMacroeconomyto the Hellenic Statistical Authority (ELSTAT). The monthly drop in the respective surface and volume... with the highest decline in 2013 are those of Ionian Islands and Epirus recording a drop of 39 and 37.5... to 22 percent. The rate of drop in the Attica region (Athens, Piraeus and suburbs), accounting
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Industrial Production Index in negative territory for the year, at -2.2 pct in April
EconomyMacroeconomy2.7 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT... and February, the 4-month index shows a marginal drop of 0.3 percent compared to -2.6 percent... sections showed a slight drop ranging from 0.1 to 0.6 percent. The main industrial groupings showed
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Greek deposit and loan rates slide in September
EconomyMacroeconomyin September, according to the Bank of Greece (BoG). This was the lowest month on month drop since... a sharper drop in excess of 200 bps. The deviation between the rate of contraction of time deposit..., with the year to date drop at almost 50 bps. On the loan front, the most significant movements
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Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
EconomyMacroeconomyshowing an increase of 0.7 percent YoY. Nevertheless, the drop of 4 and 3.9 percent YoY in the preceding...) indicated that the largest drop in the third quarter economic activity was posted in 2010 (-7.5 percent), followed by a drop of 6.7 percent in 2011 and 6.3 percent in 2012. The detailed breakdown
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