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Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
EconomyMacroeconomyGreece's travel receipts fell for the second straight month in February, when they declined by 3.8... the February travel balance to a deficit of 3.8 million from a surplus of 3.8 million last year. The decline in travel receipts is entirely attributed to a 14.9 percent decrease in non-residents’ arrivals
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Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence
AgoraGreece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern
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Helped by trading gains, Eurobank posts 305 mln in Q1 profits
EconomyBankingEurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent year-on-year (YoY) in Q1 to 240.4 million euros, with 62.1 million euros of loan loss provisions
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Greece's relations with neighbours in Western Balkans becoming more complex
PoliticsForeign Policyfor their independent policies and to put additional pressure on the issue related to Kosovo... intention to visit Athens through his close aide, Endri Fuga, who was in Greece a few days ago. The Foreign Ministry informed Fuga that, due to the pre-election period, it would be preferable to postpone
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European Commission's travel guidance brings some optimism for Greek tourism sector
PoliticsGreek PoliticsGreece has welcomed the European Commission’s guidance on travel and tourism as a first step... not adopt all the proposals put forward by Athens, the issuing of a coordinated position on key aspects of travel was greeted with relief by the government and representatives of the tourism industry
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Travel balance falls by 53.6 pct in March
EconomyMacroeconomyvisitors fell by 62.1 percent to 6.1 million. BoG noted that due to travel suspensions put in place...Greece’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
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Newsletter 286 - 26/02/2021
Lockdown relaxation put on hold Covid-19 data cancels retail opening plans as parties clash over.... The travel surplus dropped by 77.2 percent to 3.51 billion. Travel receipts fell by 76.5 percent to 4.28... was negative with a 305 million-euro drop in lending, compared to an increase of 1.65 billion euros
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Travel balance for nine-month period shows surplus of 11.57 bln
EconomyMacroeconomyThe balance of travel services came to a surplus of 11.57 billion euros for the nine months of 2017... by a 10.5 percent increase (1.24 billion) in travel receipts, compared to travel payments which.... Receipts Travel receipts in the nine-month period came to 13.02 billion, an increase of 10.5 percent
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Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
EconomyMacroeconomyYoY to stand at 386.3 million euros in April. The travel balance showed a very slight surplus of 4.6 million, dropping by 97.8 percent against last year’s figure of 211.1 million. Travel receipts came to 7.3 million, dropping by 98.7 percent as foreign visitor arrivals dropped by 96.2 percent. Travel
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Current account shows deficit of 913.9 mln in May as travel receipts evaporate
EconomyMacroeconomyare due to the travel restrictions put in place in Greece and elsewhere to contain the coronavirus...). The services balance shrank by 81.7 percent YoY to stand at 328.2 million euros in May. The travel balance... billion. Travel receipts came to 13.1 million, falling by 99.2 percent as foreign visitor arrivals
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