Calamos Supports Greece

Russian tourists

Bulgarians Are Living the ‘Greek Dream’

Bulgarians may not be considered “high level” tourists — their average per capita expenditure per trip does not exceed 500 euros — but this year, they've flooded Greek summer destinations in northern Greece. Their arrival has helped balance the recent decline in Russian...

Another Russian Tourist Agency Facing Problems

There seems to be no end to the downhill spiral of the Russian travel market. The mounting problems the sector has been facing have resurfaced after the Ukrainian crisis and as a result, businesses shut down every day. The domino effect brought...

SETE: Danger From Russian Tour Operators Bankruptcy

The Association of Greek Tourism Enterprises (SETE) warned of the danger from further Russian tour operators bankruptcies threatening the Greek tourism market, after the bankruptcy of major Russian tour operator Solvex Tour. St. Petersburg-based Solvex Tour has shut down, leaving 9,000 customers stranded...

The Tourists That Spend The Most During Their Stay in Greece

Foreign tourism in Greece led to a four billion euro revenue during the first half of 2014, a significant increase of 13.4% (464 million euros) compared to the same period in 2013. According to data released by the Bank of...

Another Russian Tour Operator Suspends Operation

Just a few days after the bankruptcy of major Russian agency Labirint, the Russian tour operator Intaer announced the suspension of its operations. It is estimated that about 10,000 Russian tourists would visit Greece using the services of Intaer. Intaer...

Russian Agency Bankruptcy Hurts Tourism

One of the largest travel agencies in Russia catering to the Greek market filed for bankruptcy, causing major problems in the transportation and accommodation of Russian tourists in Greece. The agency «Labirint» announced to its customers that it stops operations immediately, but...

Tourists Bring 1.4 Billion Euros in Athens

During the last few years, Greek tourism and especially Greece's capital, Athens are gaining ground on the international tourism market. According to MasterCard figures, visitors in Athens are expected to spend a total of 1.4 billion euros, an increase of 27% compared to 2013. The rise in the number...

Cretans Complaining that Russian Tourists Don't Spend Much

Tourist agents operating in Crete have expressed their concern for the reduced spending power of Russian tourists visiting the Greek island this year. The devaluation of the ruble and the general turmoil prevailing in the region have resulted in Russian tourists choosing cheaper...

Dutchman Sentenced for Stabbing 11-Year-Old Russian in Crete

A mixed court in the city of Neapoli, on the Greek southern island of Crete, sentenced on Saturday a 20-year-old Dutch entertainer to 11.5 years incarceration in a psychiatric facility over his attempted murder on a Russian boy during...

2.5 Million Germans Expected in Greece for 2014

Greece is expected to welcome 2.5 million German tourists within 2014, about 230,000 more than 2013. According to International Tourism Fair’s data (ITB), which was launched in Berlin, “there is an increase in bookings ranging from 10 to 20...