Travel balance falls by 85.1 pct in JulyEconomyMacroeconomy
Greece’s travel balance came to 516.4 million euros in July from 3.47 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 85.1 percent year-on-year (YoY).
Accommodation and food services turnover collapses by 84.6 pct in Q2EconomyMacroeconomy
The turnover index in accommodation and food services collapsed by 84.6 percent year-on-year (YoY) in the second quarter (Q2) of the year, following a downward revised drop of 7.2 percent YoY in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Greece grapples with second Covid-19 wave as cases soarSociety
Greece marked a sombre new record on Sunday, August 23 with 283 new cases of coronavirus noted in 24 hours.
Receipt losses near 5 bln in first six months as June tourism figures disappointEconomyMacroeconomy
Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY).
Pandemic's growing economic impact warrants extra support measures, funded by cash bufferPoliticsGreek Politics
Greece is going to tap into its considerable cash reserves to fund some of the economic support measures the government will roll out this autumn as New Democracy tries to avoid increasing the country’s public debt further.
Officials order wider use of masks as upward trend for Covid-19 cases continuesPoliticsGreek Politics
The use of face masks for debates in Parliament became compulsory on Wednesday as Greek authorities try to re-instill a sense of caution in the public after seeing the number of coronavirus cases rise significantly this week.
Tourism numbers continue to worsen as worries grow over second Covid-19 waveEconomyFeatures
As Greece moves into its summer high tourism season, the industry continues to warn of a lost summer in terms of revenue, as cautious tourists stay away.
Travel balance falls by 99.3 pct in MayEconomyMacroeconomy
Greece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 99.3 percent year-on-year (YoY).
Hoteliers staring at big drop in turnover as liquidity calls growEconomyFeatures
The Hellenic Chamber of Hotels (HCH) has released its latest survey regarding the impact of the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown little sign of recovery as the summer begins.
Development model questioned again amid reaction to luxury resort go-aheadPoliticsGreek Politics
The construction of a large resort complex in Corfu on land ceded as part of Greece’s privatisation programme has ignited tension between the government and the local community.