Greece’s First Travel Receipts of the Year Up by 309.8%

By admin 28 Μαρτίου 2022 No comment

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Travel receipts in Greece increased by 309.8 percent in the first month of the year generated by a 256.7 percent rise in inbound traveler flows, said the Bank of Greece releasing provisional data for January 2022. In the same month, the balance of travel services recorded a surplus of 60.8 million euros up from a […]

Crete Favorite 2022 Destination for TUI Customers

By admin 15 Μαρτίου 2022 No comment

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Knossos, Crete. Photo surce: @Visit Greece Greece is a favorite holiday destination this summer for the customers of global leisure travel giant TUI Group, who selected Crete as the most popular destination overall, the company said this week announcing the release of its “Holiday Atlas 2022”. Greece and Spain are the most popular holiday destinations for […]

Leisure Travel Giant TUI Expects ‘No Impact’ of Sanctions on Business

By admin 3 Μαρτίου 2022 No comment

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Holiday travel giant TUI Group said this week that sanctions on the company’s largest single shareholder, Russian billionaire Alexey Mordashov, as a result of the Russia-Ukraine crisis, will have no lasting impact on business, the company, customers and employees. “Our company is run by the executive board, like any German public limited company, and not by the

Greece Year-round Travel Flows Up by 99.4% in 2021

By admin 23 Φεβρουαρίου 2022 No comment

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Greece managed in 2021 to recover more than half of 2019 tourism revenues and double the number of arrivals by extending the tourism season past the traditional summer months and launching winter and city break campaigns despite the onset of the Omicron variant. According to the Bank of Greece (BoG) report for 2021, the number […]

BoG: Greece Travel Receipts Recoup 58.6% of Pre-pandemic Levels

By admin 21 Φεβρουαρίου 2022 No comment

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Acropolis Museum in Athens. Archive photo © Maria Theofanopoulou Tourism-related revenues in 2021 recovered 58.6 percent of pre-Covid-19 levels amounting to 10.6 billion euros, the Bank of Greece (BoG) said this week. More specifically, according to the country’s central bank, the rise in the services surplus is almost “exclusively attributable to an improvement in the

Greece Sees High Investment Interest Through Golden Visa Program

By admin 31 Ιανουαρίου 2022 No comment

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Photo source: @Athens Attica Greece’s golden visa program, which grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros, is attracting more buyers due to political and economic instability in their countries, Greek newspaper Kathimerini reports. Residents of Turkey, Lebanon, India, Iran and Russia are

Covid-19 Cripples Greece’s Food and Drink Industry

By admin 10 Ιανουαρίου 2022 No comment

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Greece’s food and drink operations are still trying to recover from Covid-19, which has led to a 50 percent decline in turnover in the 2020-2021 period and brought more businesses closer to the risk of closure. In an interview to Greek daily Naftemporiki, Hellenic Confederation of Professionals, Craftsmen, and Merchants (GSEVEE) President Giorgos Kavvathas said […]

Greece Submits €3.6bn RRF Payment Request to European Commission

By admin 4 Ιανουαρίου 2022 No comment

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Photo source: European Parliament / ©BELGA/AFP/L.Gouliamaki The European Commission said this week it would be assessing in the next two months a request made by Greece for the disbursement of 3.6 billion euros in financial support under the EU’s post-Covid-19 Recovery and Resilience Facility (RRF). Greece submitted the request for the first pre-financing payment –

TUI Chief Sees Reason to Be Positive in 2022

By admin 30 Δεκεμβρίου 2021 No comment

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Friedrich Joussen, the head of one of the world’s largest leisure travel operators TUI said there was good reason to be optimistic in 2022 and that travel demand was focused more on the Mediterranean. “Looking ahead to the 2022 summer season, we are positive,” said Joussen in an interview published on the group’s website. The company’s […]

TUI Group Sees Recovery, Normal Booking Levels in 2022

By admin 13 Δεκεμβρίου 2021 No comment

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Global leisure travel giant TUI Group said bookings for 2022 are “encouraging” and that it expects in summer 2022 to recover booking levels, adding that it has so far achieved 69 percent of pre-crisis level bookings. Announcing its fourth financial quarter results for 2021, the global tour operator said it was “taking another step out […]