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revenues

Greece's Tourism Revenues Plunge Due to Lockdown

The coronavirus lockdown has hit tourism revenues hard, according to data published on Friday by the Bank of Greece. In the four months between January and April of 2020, the number of tourist arrivals was reduced by 36.1 percent --...

South Aegean Islands Gain Most from Lucrative Greek Tourist Trade in 2019

Tourist arrivals to the islands of the South Aegean region of Greece reached new and historic levels in 2019, surpassing the record performance of 2018, the South Aegean Regional Administration said in an announcement on Wednesday. The announcement, citing official...

Revenues at Greek Museums and Archaeological Sites Continues to Rise

The number of visitors to Greek museums recorded an increase of 2.5 percent and there was a 12.3 percent rise in visits to the country's many archaeological sites in September of 2019 compared to the same period in 2018. These very encouraging figures...

Greece's Tourism Revenues Up by 13.6% So Far in 2019

According to Bank of Greece data on the country's current account balance between January and August of 2019, revenues from tourism rose by an impressive 13.6 percent compared to the same period last year. There was also a 3.6 percent increase...

Aegean Airlines Revenues Up By 30% During Second Quarter of 2019

Aegean Airlines, Greece's flagship carrier, announced on Monday that the number of its passengers grew by 20 percent and its net profits saw an enormous increase of 30 percent during the second quarter of 2019. In an announcement issued on...

Greek Budget Revenues Exceed Targets by €287 Million in August

A positive surprise for Greece's public finances came to light on Monday, as according to the latest official data, the country's revenues were €287 million higher than expected in August, despite recently-introduced tax cuts. More specifically, between August 1 and 31,...

€7.4 Billion in VAT Revenue Lost in Greece in 2017; €137 Billion Lost EU-Wide

According to the latest data published by the European Commission on Thursday, the nation of Greece lost €7.4 billion in revenues from Value-Added Tax (VAT) that was not collected during 2017. The extent of the practice of tax evasion across...

Tourism Now Generates Over One Quarter of Greece’s GDP

The Greek tourism industry’s direct monetary contribution to the country’s GDP came to 21.6 billion euros, or 11.7 percent, in 2018 according to data released this week by INSETE, the research department of the Greek Tourism Confederation. This represents an...

Athens' Metro Revenues Up By 12 pct After e-Ticketing Introduction

Athens' Metro revenues have been rising at the rate of 10 percent-12.5 percent per month since the introduction of e-tickets, Urban Rail Transport's (STA.SY.) CEO Giorgos Thomopoulos told the Athens News Agency (A.M.N.A.). STA.SY. is the organization that manages the...

Greece’s Budget Primary Surplus €605 Million Higher Than Same Period Last Year

Greece’s state budget primary surplus was €605 million ($702 million) higher during the first seven months of 2018 compared to the same period last year, the State Budget Office of the Hellenic Parliament announced in a report. The report also...