Covid-19: Greek Regional Airport Passenger Numbers Take a Dive

By admin 12 Αυγούστου 2020 No comment

Skiathos Airport. Greece’s regional airports are feeling the impact of the coronavirus (Covid-19) pandemic as they handled 75.1 percent fewer passengers in July compared to the same month in 2019, Fraport Greece, the managing company said recently. More specifically, according to Fraport Greece, when the first international flights came to Greece (from June 15) passenger

Study Reveals Covid-19 Impact on Greece’s Source Markets

By admin 4 Αυγούστου 2020 No comment

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A recently released study by SETE Intelligence (INSETE) reveals the impact of the coronavirus (Covid-19) pandemic on Greece’s source markets and the rollover effect on tourism. More specifically, according to INSETE, the research department of the Greek Tourism Confederation (SETE), the economies of all source markets have been hit by Covid-19 and are now faced […]

Cyprus to Request Covid-19 Test Results from Greek Travelers

By admin 3 Αυγούστου 2020 No comment

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Archive photo: @Cyprus Aeropolis Due to a recent rise in coronavirus cases in Greece, Greeks traveling to Cyprus will be required as of Thursday (August 6) to have undergone Covid-19 testing 72 hours prior to departure and to produce a negative PCR result on arrival or to undergo screening at the airport on arrival. The […]

European Commission: Long Road Ahead for EU Recovery

By admin 23 Ιουλίου 2020 No comment

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European Commission President Ursula von der Leyen Two days after EU leaders agreed on a much-needed rescue fund to address the Covid-19 backlash, European Commission President Ursula von der Leyen said planned cuts in the Union’s upcoming long-term budget will be a “difficult pill to swallow”. Presenting the conclusions of the four-day leaders’ summit to […]

Study: Greek Economy to Face New Test When State Covid-19 Support Stops

By admin 23 Ιουλίου 2020 No comment

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Hellenic Parliament, Athens. Photo Source: GTP The Greek economy is set to suffer another setback once the government’s Covid-19 lifeline to businesses stops, a new report released this week by research consultants Capital Economics found. More specifically, the study, which is based on Bank of Greece data released on Tuesday, reveals that Greece’s economy may […]

OECD: Covid-19 Shock Adds to Greece’s Challenges

By admin 22 Ιουλίου 2020 No comment

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Despite its swift and effective response to the coronavirus pandemic, Greece must bolster its economy with added measures, the Organization for Economic Co-operation and Development (OECD) said this week, urging at the same time the introduction of employment enhancement measures, increasing productivity growth, addressing banking system needs, and ensuring fairness and

Greece’s Tourism Receipts in May Suffer Covid-19 Blow

By admin 22 Ιουλίου 2020 No comment

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Greek tourism revenue suffered a massive blow in May 2020 – the first month of the tourism season – due to the outbreak of Covid-19 with travel receipts plummeting by 99.2 percent to 13 million euros from 1.56 billion euros in May last year, according to tentative data released by the Bank of Greece (BoG) […]

PM: Greece Gets €70bn in EU Covid-19 Recovery Funding

By admin 21 Ιουλίου 2020 No comment

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Greek Prime Minister Kyriakos Mitsotakis. Photo source: @primeminstergr Greece secured at least 70 billion euros in EU rescue funds to address the repercussions of the coronavirus pandemic from a 750-billion-euro recovery plan agreed on in Brussels on Tuesday. Greece secured 70 billion euros in EU rescue funds to address the repercussions of the coronavirus pandemic […]

IOBE: Covid-19 Sends Greece Tourism Revenue Downward

By admin 20 Ιουλίου 2020 No comment

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Covid-19 is expected to lead to a 20 percent reduction in Greece’s tourism revenue this year compared to 18-19 billion euros in 2019, according to Nikos Vettas, head of the country’s leading think-tank, the Foundation of Economic and Industrial Research (IOBE). Addressing the “Post-Pandemic Recovery of Black Sea Economies” webinar organized last week by the […]

Greek Hoteliers Expect 67% Drop in 2020 Turnover

By admin 16 Ιουλίου 2020 No comment

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Dmitry Kalinovsky / Shutterstock.com Greek hoteliers are expecting to see their turnover drop by 67 percent this year with 6.4 percent opting to remain closed due to lagging demand and lack of liquidity, as a result of the Covid-19 crisis, the fourth study in series carried out by the Institute for Tourism Research and Forecasts […]