As easing of lockdown begins, government looks to salvage economyPoliticsGreek Politics
The first stage of relaxing the lockdown imposed in March was launched on Monday, with the government hoping that Covid-19 will not flare up again and that Greece will be in a position to resume normal economic activity in the coming weeks, including welcoming at least some tourists during the summer.
Travel balance more than double in Feb as arrivals increase by 24.6 pctEconomyMacroeconomy
Greece’s travel balance rose to 73.7 million euros in February from 33.4 million a year ago, Bank of Greece (BoG) data has shown.
Covid-19 impact on tourism sector set to be extensive, report suggestsEconomyFeatures
The research arm of the Association of Greek Tourism Enterprises (INSETE) has conducted a study to estimate the impact of the coronavirus on the country’s vital tourism industry.
Tourism industry braces for outcome of gloomy Covid-19 scenariosEconomyFeatures
As the impact from the coronavirus spreads across Europe, the consequences are already being felt across Greece’s vital tourism sector with fears growing that the summer season could be lost.
Travel balance surplus up by 27 pct in January to 80.2 mlnEconomyMacroeconomy
Greece’s travel balance rose to a surplus of 80.2 million euros in January according to Bank of Greece (BoG) data released on Monday, representing a rise of 27 percent year-on-year (YoY).
Greek hotel industry reports COVID-19 related losses of half a billion to dateEconomyFeatures
The Hellenic Chamber of Hotels (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due to the coronavirus epidemic.
More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growthEconomy
The government is lining up more fiscal measures to prop up the economy as forecasters becoming increasingly gloomy about the impact of the coronavirus.
Turnover in tourism rises by 4.8 pct in Q4EconomyMacroeconomy
The turnover index in accommodation and food services rose by 4.8 percent year-on-year (YoY) in the fourth quarter (Q4), slowing from an increase of 6.1 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Gathering signs of coronavirus impact on growth expectationsEconomy
The Hellenic Fiscal Council (HFC) has warned that the Greek economy could be threatened by the spread of the coronavirus in the eurozone.
Greece braces for potential impact of coronavirus on key economic sectorsPoliticsGreek Politics
Key sectors of the Greek economy are expected to suffer the effects of reduced travel and trade due to the spread of the coronavirus.