Think-tank Expects 4% Growth for Greece in 2022

By admin 25 Οκτωβρίου 2021 No comment

Syntagma Square, Athens. Photo © GNTO/Y Skoulas The Greek economy is slated to grow at a rate of 4 percent in 2022, according to a quarterly review released by the Foundation of Economic and Industrial Research (IOBE). The IOBE, which forecast growth for 2021 at a rate of 8-8.5 percent, also said that its baseline scenario […]

Delta Variant Puts Pressure on Greek Tourism

By admin 8 Ιουλίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Greece tourism professionals are once again revising downwards their projects for 2021 in view of an imminent fourth wave of the Covid-19 pandemic. Industry insiders now say that recovering 50 percent or approximately 9.1 billion euros of 2019 tourism activity – the government’s target – is near to impossible. In view of the uncertainty surrounding […]

Commission Revises Upward Greek Economy Growth Outlook for 2021-22

By admin 7 Ιουλίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

The Greek economy is expected to expand by 4.3 percent this year and 6 percent in 2022, according to the European Commission’s Summer 2021 Economic Forecast released on Wednesday. In its 2021 interim report, the Commission revised upward its outlook for Greece compared to May, when it forecast 4 percent growth in 2021 and the […]

Report: Slow Vaccination May Impact Tourism to Greece

By admin 5 Φεβρουαρίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

New strains of Covid-19 and slow vaccination in Europe may impact tourism to Greece serving a blow to the Greek economy, according to a report released this week by Capital Economics. Thursday’s European Economics update found that Greece together with Spain and Portugal – leading European travel destinations – may lose one more tourism season […]

Greek Think-tank Sees Slower Growth, Tourism in 2021

By admin 4 Φεβρουαρίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Athens, Syntagma square. Photo: Visit Greece / Y. Skoulas Greece’s leading think-tank the Foundation of Economic and Industrial Research (IOBE) revised downward this week Greek government forecasts for a 4.8 percent rebound in 2021 lowering the projection to a 4-4.3 percent rate in its baseline scenario. The forecast, presented in the IOBE’s quarterly report, is […]

Greek Coastal Shipping Sector Sees Challenging Year Ahead

By admin 13 Ιανουαρίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Photo Source: GTP Improving port infrastructure, complying with international environmental regulations and accelerating fleet renewal are some of the challenges the Greek coastal shipping sector is up against, ahead of the 2021 tourism season and amid concerns for the development of the coronavirus (Covid-19) pandemic. A recent survey conducted by the Foundation of

Greece’s Passenger Shipping Sector Sees Heavy Revenue Loss in 2020

By admin 12 Ιανουαρίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Greece’s passenger shipping sector has been severely affected by the coronavirus (Covid-19) pandemic and its repercussions on travel & tourism, with lost revenue expected to exceed 300 million euros in 2020. Research conducted by the Foundation of Economic and Industrial Research (IOBE) shows that the significant drop of tourism arrivals during the third quarter of

Greek Consumer Confidence Picks Up Marginally in December

By admin 8 Ιανουαρίου 2021 No comment

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Syntagma Square, Athens © Maria Theofanopoulou Greek consumer confidence appears to have picked up slightly in December after five months of continuous decline due to Covid-19 lockdown restrictions, according to the Foundation of Economic and Industrial Research (IOBE). More specifically, according to the influential think tank’s latest bulletin, the economic climate

IOBE: 2021 Greek Economy Rebound Hinges on Covid-19 Vaccine

By admin 27 Οκτωβρίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

The Greek economy is expected to shrink by 8.0 percent this year due to the Covid-19 shock and by 10 percent if a new lockdown is imposed, putting hundreds of jobs at risk once relief measures are stopped, the Foundation of Economic and Industrial Research (IOBE) said recently. The country’s top think tank said on […]

IOBE: Covid-19 Sends Greece Tourism Revenue Downward

By admin 20 Ιουλίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

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 […]