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Tourism
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EconomyMacroeconomy
Accommodation and food services turnover collapses by 84.6 pct in Q2 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.
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Society
Greece grapples with second Covid-19 wave as cases soar Greece marked a sombre new record on Sunday, August 23 with 283 new cases of coronavirus noted in 24 hours.
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EconomyMacroeconomy
Receipt losses near 5 bln in first six months as June tourism figures disappoint 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).
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PoliticsGreek Politics
Pandemic's growing economic impact warrants extra support measures, funded by cash buffer 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.
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PoliticsGreek Politics
Officials order wider use of masks as upward trend for Covid-19 cases continues 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.
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EconomyFeatures
Tourism numbers continue to worsen as worries grow over second Covid-19 wave 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.
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EconomyMacroeconomy
Travel balance falls by 99.3 pct in May 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).
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EconomyFeatures
Hoteliers staring at big drop in turnover as liquidity calls grow 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.
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PoliticsGreek Politics
Development model questioned again amid reaction to luxury resort go-ahead 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.
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EconomyMacroeconomy
Summer season looks under threat as revenues fail to materialise Greece’s efforts to restart its vital tourism sector and capture revenues from the peak which usually takes place between June to September appear to be faltering according to the latest data.