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Study Shows Greeks Still Distrust Banking System

More than half of all Greeks distrust the banking system according to a study focusing on capital restrictions, conducted by business consultants Alvarez & Marsal.

Greece’s Travel Balance Up 8.5% in January-June

Greece's balance of travel services in January-June 2017 posted a surplus of 3,147 million euros, 8.5 percent more compared to the same period in 2016.
Posted On 10 Oct 2017

Bank of Greece: Tourism Performance on the Rise in July

Greece in July saw a 5.3 percent rise in tourism-related revenue and a 10.2 percent increase in the number of incoming travelers, compared to the same month last year.

Greek Deposit Inflows Slowly Picking Up Pace

Private sector deposits at Greek banks picked up pace in the summer months on back of improved tourism figures and following the third bailout deal.
Posted On 28 Aug 2017

How Deep do Europeans Dig in their Pockets for Travel

Luxembourgish residents spent the most per holiday trip in 2015, followed by residents of Austria and Malta, according to data released by Eurostat.
Posted On 18 Aug 2017

Greece Jan-March Travel Receipts Down by 9.2%

Travel receipts came to 489 million euros in January-March 2017, down by 9.2 percent compared to the same period in 2016, according to the Bank of Greece.

Greece Tourism Revenues Still Lagging Despite More Visitors

A Bank of Greece survey urges tourism sector stakeholders to focus more on attracting additional overnight stays rather than increasing foreign visitor arrivals. 
Posted On 03 Jul 2017

Bank of Greece Sees 1.6% GDP Growth, Lower than Expected

The Bank of Greece cut its annual growth forecast, as it estimates the economy to grow by 1.6% percent, which is lower than the 2.5% previously expected.

Greece’s Inbound Visitors Grow 3.2% in First Four Months of 2017

The number of inbound visitors to Greece during the January-April 2017 period increased by 3.2 percent, according to the Bank of Greece
Posted On 21 Jun 2017

Five Regions Collect Most 2016 Travel Receipts in Greece

Five out of 13 regions in Greece accounted for the better part (87.5 percent) of the 12,749 million euros in travel revenue for 2016.

Greece Sees Decline in 2016 Tourism Revenue, Despite Arrivals Increase

Tourism revenue in Greece dropped by 6.5% in 2016, although international arrivals saw an increase, according to final data of the Bank of Greece.
Posted On 12 Apr 2017

Mission of Experts from Abroad to ‘Count’ Greece’s Tourism Receipts

The UNWTO will send a mission of experts to Greece to examine the discrepancy between the country's international arrivals and tourism earnings in 2016.
Posted On 03 Mar 2017

Travel Receipts in Greece Drop 6.6% in Jan-Nov 2016

Travel receipts in Greece dropped 6.6 percent during January-November 2016, compared to the same period a year before, according to the Bank of Greece.
Posted On 23 Jan 2017

Bank of Greece: Foreign Visitors Up, Travel Receipts Down in Jan-Sep 2016

The number of non-resident inbound visitors to Greece increased by 6.1 percent but travel receipts decreased by 7.9 percent, according to Bank of Greece data concerning the developments in the balance of travel services for January-September 2016.
Posted On 16 Jan 2017

Greece’s 9-month Tourism Revenues Down by 5.5%

Revenue from Greece’s travel services dropped by 703 million euros in the first nine months of the year with the travel trade balance recording a 7.1 percent decline at 10.472 billion euros against 11.269 billion euros in 2015, according to tentative data released by the Bank of...
Posted On 23 Nov 2016

Weak Spending, Last Minute Bookings Take Toll on Greek Tourism

Last-minute reservations and decreased spending combined with an onslaught of taxes are cited by the Greek Tourism Confederation (SETE) as the reason behind declining revenues from tourism this year.
Posted On 01 Nov 2016

SEV Report Says Tax Evasion Behind Tourism Figure Variations

The recent discrepancies in foreign travel receipts between the Bank of Greece and the Tourism Ministry are in great part due to tax evasion and reflect the impact of tax policies, according to the Hellenic Federation of Enterprises (SEV).
Posted On 27 Oct 2016

Greek Ministry, Central Bank Differ on Tourism Revenue Figures

Alternate Tourism Minister Elena Kountoura recently expressed her concern over figures released by the Bank of Greece that appear to be different to the ministry's findings.
Posted On 26 Oct 2016

Tourists Not Spending Enough Money in Greece

The average spending of tourists in Greece dropped by 8.9 percent at 597.9 euros per trip in July, according to data released by the Bank of Greece.
Posted On 22 Sep 2016

July 2016 Tourism Revenue for Greece Disappoints

Despite promising arrival figures to Greece, tourists are not digging into their pockets, according to Bank of Greece data release on Tuesday, indicating a 3.5 percent drop in travel receipts, down by 100 million euros, for July compared to the same month in 2015.