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Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln

Fri, 22 Apr 2016 06:53:00 GMT

Greece'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

Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

Wed, 24 Mar 2021 15:25:00 GMT

Greece 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

First challenges for tourism plan, as public relaxes approach to virus

Thu, 04 Jun 2020 09:08:00 GMT

and locals. Challenges One of the practical challenges of opening up air travel to Greece... for coronavirus, the biggest cluster of travel-related cases since March. The affected passengers originated from... to the country. The Greek ambassador to Australia conceded that travel to Greece for tourism would

Helped by trading gains, Eurobank posts 305 mln in Q1 profits

Thu, 26 May 2022 11:44:00 GMT

Eurobank 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

Are Chinese investments starting to hit a wall in Germany?

Fri, 01 Mar 2019 07:57:00 GMT

to allow privately-owned Huawei equipment to be used in its forthcoming mobile telephony 5G wireless... of Vodafone and Telefónica O2 operating in Germany have built the 4G network with Huawei infrastructure equipment. All three companies have long-term strategic partnerships with Huawei. The transfer

Newsletter 253 -05/06/2020

Fri, 05 Jun 2020 07:17:00 GMT

up air travel to Greece was illustrated on Tuesday, when a dozen passengers on a flight from Doha in Qatar tested positive for coronavirus, the biggest cluster of travel-related cases since March... by the EU’s Aviation Safety Agency EASA, and would be under constant review. Theoharis stressed

Newsletter 247 -10/04/2020

Fri, 10 Apr 2020 08:07:00 GMT

-time countryside and island residents will be allowed to travel. The penalty for anyone found... at Malakasa 100 staff and residents have been tested. The government unveiled a strategy – dubbed... organised camps like Malakasa and Ritsona. The government is also under pressure to improve the public

Hotel industry sees investment in high-end units, but hampered by seasonality

Fri, 21 Feb 2020 11:24:00 GMT

, for example, four and five star hotels made up 5.8 percent and 25.3 percent of all hotels, respectively. By 2019, this had risen to 27.8 percent for four star and 20.7 percent for five-star units. Seasonality still continues to heavily influence travel to Greece, with the majority of hotel stays

Despite speculation, post-MoU credit line seems unlikely

Wed, 17 Jan 2018 12:50:00 GMT

Bank Association, the four systemic lenders and Bank of Greece governor Yannis Stournaras travel..., which would no longer be eligible if the waver is lost. For these reasons, there is currently very

Current account surplus at 1.21 bln in September on services balance growth

Mon, 20 Nov 2017 11:29:00 GMT

billion euros. The primary factor behind the improvement was the travel balance which increased by 17.2 percent to 2.30 billion euros. This was driven by travel receipts rising by 15.5 percent to 2.47 billion, while travel payments declined by 3 percent to 173.5 million. BoG cited an 11.8 percent rise