Category: Greece
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Tourism revenue drops in Greece despite sharp summer tourism crunch
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Bank of Greece data showed on Monday that revenues from Greece’s leading tourism industry have failed to keep pace with arrival numbers, even during the annual summer crisis that has raised fears of overtourism. The bank said the number of non-resident arrivals to Greece in the January-August period increased by…
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Greece spends €1 billion a year on pro-child policies
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Much of Europe is experiencing a demographic crisis, and Greece is among the countries facing the brunt of it. It has one of the lowest fertility rates in the region – on par with other countries that are feeling the wrath of Same problemBut other eurozone countries face similar challenges,…
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Overtourism: Greece to target short-term rentals and levy port fees
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Greek Prime Minister Kyriakos Mitsotakis has announced measures aimed at addressing the negative impact of overtourism as visitors continue to arrive in record numbers in the post-pandemic era. The government is “very concerned” about the influx of cruise ship passengers during certain months of the year and will start imposing…
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Greece won’t be turning into Switzerland or Sweden any time soon as economy continues to suffer after years of recession
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Greek barista Kyriakos Giannichronis has seen headlines about his country’s newly booming economy after years of stagnation — but he doesn’t feel wealthy. The Athens resident has only about 150 euros ($170) to spare at the end of the month, despite getting a good deal on rent and earning just…
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Israelis shun France, Turkey for vacations in Greece, Balkans
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Every summer, airlines increase the frequency of their flights to popular holiday destinations for Israelis. This year, since the war and Iranian missile attack, international airlines have cut or stopped flights to and from Israel entirely, and it is not clear when they will return to their regular schedules. However,…