Tag Archives: revenues

Revenues from Greek tourism have already exceeded 18 billion euros this year, Tourism Minister Vassilis Kikilias told reporters on Friday, on the sidelines of the annual meeting of the presidents of the Hellenic Hoteliers’ Federation held in Thessaloniki on the occasion of the 37th Philoxenia exhibition. “The Bank of Greece …

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Revenue from tourism this past June exceeded 2019 levels and has boosted predictions of a record year for the sector as far as receipts are concerned. While arrivals from abroad in June stood at 89% of those in 2019, the last full season before the coronavirus pandemic, revenue reached €2.62 …

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The Greek state budget revenue exceeded targets in 2021, totaling 59.24 billion euros, up 2.1% from targets, while budget spending was down by 420 million euros compared with 2020, the finance ministry said on Monday. In a report on provisional budget execution data, the ministry said that tax revenue was …

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The balance of travel services posted a surplus of 689 million euros in June 2021 and a surplus of 826 million euros in January-June 2021, the Bank of Greece (BoG) said in a report on Monday. BoG said that travel receipts rose by 851.8% to 791 million euros in June …

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Tourism revenues in Greece went down by 78% and arrivals recorded a decline of 77.2%, the Bank of Greece said in a report about the performance in the first nine months of 2020. This is practically the performance of the whole year as there is no tourism traffic due to …

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Most European sovereigns, including Greece, can weather a prolonged tourism slump, Moody’s said in a statement on Monday. The decline in tourism in the countries of the European South is likely to last beyond 2020, but they can weather a prolonged tourism slump thanks to the adjustment they have made …

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Tourism revenues plunged to 7 million euros in April 2020 from 544 million in the same month last year as  the sector was hit by the impact of a lockdown to contain the spread of the new coronavirus, the Bank of Greece said on Friday. According to the press released …

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Greeks pay more than 100 million euros per month to the banks in form of fees and commissions the lenders institutes charge for all possible kinds of services. According to published data of the four systemic banks (National, Piraeus, Eurobank and Alpha Bank) in the first half of the year, …

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The 2020 draft budget was submitted to the Greek Parliament by the Finance Minister, Christos Staikouras, on Monday. The draft foresees an economic growth of 2.8% and a primary surplus of 3.56% of GDP. Key points of the draft budget 2020: It  envisages a reduction in the unemployment rate to …

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The Supreme Constitutional Court in Italy has ruled that a Greek survivor from Distomo massacre can claim German reparations from the Italian Railways Company to which Germany is the main shareholder. The unprecedented decision comes into effect after the court dismissed the appeal of the German Railway Company that the …

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The Greek economy benefited from Airbnb by 1.4 billion US dollars in 2018, the online rentals platform said in a press release. Airbnb released statistics for over 30 countries about the “direct economic impact” of the platform. The data are based on host income and estimated guest spending- in USD …

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33 million tourists visited Greece in 2018 creating 16 billion revenues, the Bank of Greece said in its report published on Wednesday. The report includes detailed data on balance of travel services, travel receipts, inbound traveller flows, overnight stays, cruises and travel services by region. Five regions accounted for the …

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Athens International Airport (AIA) SA paid the full amount agreed for the extension of the Athens “Eleftherios Venizelos” airport concession by 20 years. The payment of €1.403 billion, including VAT, concludes the process for extending the concession contract. According to estimates, the total amount that the Greek state stands to …

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Short-term lease via the platform Airbnb is spreading in Greece as more and more apartment and home owners prefer to lease to tourists and visitors. However, they are surprised to see that the revenues they were anticipated to earn are decreasing. Reason for this is the plethora of offer that …

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Greece’s sovereign debt stood at €323.378 billion at the end of the second quarter of  2018, from €309.091 billion in the corresponding quarter last year., according to ELSTAT’s quarterly non-financial general government accounts. The Hellenic Statistical Authority (ELSTAT)  announced the quarterly non-financial accounts of General Government for the second  quarter of …

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Greece’s state budget showed a primary surplus of 3.157 billion euros in the January-August period, down from a primary surplus of 3.544 billion euros in the same period last year, but up from a budget target for a surplus of 917 million euros. The Finance Ministry, in an announcement, said …

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Tourism, one of the locomotives of Greece’s economy shows impressive growth to in 2017-2018, however, the growth does not translate into increased revenues for the tourism industry, a study conducted by the Institute INEMY of the Hellenic Confederation of Commerce and Entrepreneurship ESEE has found. For the period 2017-2018, the …

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The Greek state budget showed a primary surplus of 617 million euros in the January-June period, up from a budget target for a surplus of 465 million euros, but down from a surplus of 1.936 billion euros in the corresponding period last year. The Finance Ministry, in a report on …

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The usage of plastic bags has sharply fallen in the last months mainly due to the charge on plastic bags but also due to several campaigns. The measure not only brought extra revenues for the government through the Value Added Tax, totaling one million euros from January to March 2018. …

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Greece is considering further easing of capital controls with the increase of  the cap for cash withdrawing and limiting restrictions to businesses.  The new measures could be implemented as soon as 1. June, that is on the third year the restrictions were imposed. According to media reports, the new measures …

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