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July

English Edition

Cyprus tourism takings soar in year to July

Cyprus tourism takings soar in year to July Revenue from tourism in Cyprus reached 1.217 billion euros in the period of January-July 2022, more than doubling the revenue in the respective period of last year. Increased revenue was thanks to the recovery of tourist arrivals, despite the loss of Russian tourists (Cyprus’ second largest market), […]

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July Becomes a Record-Breaking Tourism Month in Greece

July Becomes a Record-Breaking Tourism Month in Greece July Was a Record-Busting Tourism Month in Greece. Credit: wikimedia commons/Pedro Szekely CC BY SA 2.0 Despite the waning COVID-19 pandemic and the political turmoil the EU is currently facing with the Russian invasion in Ukraine, July was a record-breaking month for tourism in Greece. July saw […]

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Accommodation and food service see July turnover soar in Greece

Accommodation and food service see July turnover soar in Greece Foodservice and accommodation in July saw turnover beat the record from three years earlier, thanks to the explosive growth of tourism, but also partly to the increase in price charges in both sectors, ekathimerini.com reports. According to data, the Hellenic Statistical Authority (ELSTAT) released on […]

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Accommodation, food service see July turnover soar

Accommodation, food service see July turnover soar Food service and accommodation in July saw turnover beat the record from three years earlier, thanks to the explosive growth of tourism, but also partly to the increase in prices-charges in both sectors. According to data the Hellenic Statistical Authority (ELSTAT) released on Tuesday, the turnover of companies […]

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Tourism’s all-time July high

Tourism’s all-time July high Greece had the highest travel receipts ever for the month of July this year. According to data from the Bank of Greece, receipts in July 2022 amounted to 3.723 billion euros, marginally increased by 0.56% from July 2019, a month that held the previous record with receipts of €3.702 billion. However, […]

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Greek unemployment at 12.6% in July

Greek unemployment at 12.6% in July The seasonally adjusted unemployment rate in July 2022, in Greece, amounted to 12.6% compared to the downwards 14.1% in July 2021 and to the upwards revised 12.3% in June 2022 The number of employed persons amounted to 4,116,125 persons increasing by 133,094 persons as compared with July 2021 (+3.3%) […]

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IATA: July aviation passenger demand remains strong

IATA: July aviation passenger demand remains strong The International Air Transport Association (IATA) announced passenger data for July 2022 showing that the recovery in air travel continues to be strong. Total traffic in July 2022 (measured in revenue passenger kilometers or RPKs) was up 58.8% compared to July 2021. Globally, traffic is now at 74.6% […]

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Jobless rate falls to 12-year low

Jobless rate falls to 12-year low Greece’s unemployment rate closed at a 12-year low at the end of July, below 12% and with a significant drop of almost one point compared to the previous month, as it reached 11.4% according to seasonally adjusted Eurostat data.  The decrease is even greater, by 2.9 percentage points on […]

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Eurostat: Unemployment at 11.4% in Greece, in July – EU area unemploymet at 6.6%

Eurostat: Unemployment at 11.4% in Greece, in July – EU area unemploymet at 6.6% Unemployment in Greece stood at 11.4% – the second highest in the EU after Spain – in July, compared with 12.3% in June and 14.3% in July 2021, according to data released by Eurostat. Euro area and EU In the euro […]

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Bank of Greece: Interest rates on new deposits remained almost unchanged in July

Bank of Greece: Interest rates on new deposits remained almost unchanged in July The weighted average interest rate on new deposits remained almost unchanged at 0.02% in July 2022, according to the new data released by the Bank of Greece. However, the weighted average interest rate on new loans decreased to 3.71%, and, at the […]

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Skiathos-Evia power grid connection, active since July, is inaugurated officially

Skiathos-Evia power grid connection, active since July, is inaugurated officially The Skiathos-Evia islands power grid connection was officially inaugurated on Monday at the High-Voltage Station that is part of the project on the Sporades island. The electricity link between the two islands east of the Greek mainland has been in operation since July 11, meeting […]

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Bank of Greece: Loans, deposits up in July

Bank of Greece: Loans, deposits up in July Deposits of households and private nonprofit institutions increased by 788 million euros in July 2022, compared with an increase of 722 million euros in the previous month, the Bank of Greece said on Friday, while the annual growth rate remained unchanged at 4.1%. In its press release, […]

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BoG reveals loans and deposits up in July

BoG reveals loans and deposits up in July Deposits of households and private non-profit institutions increased by 788 million euros in July 2022, compared with an increase of 722 million euros in the previous month, the Bank of Greece said on Friday, while the annual growth rate remained unchanged at 4.1%. In its press release, […]

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Budget: Τax revenues in July over the target by 4.2 billion euros

Budget: Τax revenues in July over the target by 4.2 billion euros Budget tax revenues in July were up by 4.2 billion or 16.3% compared to the target, according to the official final data released by the Ministry of Finance. It is worth noting that this overperformance is due to: the extension of the deadline […]

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European shares eke out gains on energy boost; July inflation at record high

European shares eke out gains on energy boost; July inflation at record high European shares inched higher on Thursday on a boost from oil stocks, with gains capped by growth fears as inflation reached a record high in July and European Central Bank officials hinted at another large rate hike next month. The continent-wide STOXX […]

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Sluggish growth in July car sales in Greece

Sluggish growth in July car sales in Greece Sales of new and imported used cars rose 0.8% in July and continue to lag the 2021 numbers during the first seven months of the year. Sales representatives say that inflation and delays of several months in car deliveries are factors that impact sales negatively. The independent […]

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Inflation: Energy, food and transport prices rally in July

Inflation: Energy, food and transport prices rally in July Ιnflation remains alive despite its slight decline during the month of July. Although last month’s general price index fell to 11.6% from 12.3% in June, nevertheless based on the data by group of goods and services it appears that consumers were burdened with unprecedented price increases. […]

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Greek inflation rate slowed to 11.6% in July

Greek inflation rate slowed to 11.6% in July Greek inflation rate slowed to 11.6% in July from 12.1% in June and after an 1.4% reading in July 2021, Hellenic Statistical Authority said on Monday. More specifically, the statistics service said that significant price increases continued in natural gas (178.9%), heating oil (65.1%), electricity (55.8%), fuel-lubricants […]

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Tourist arrivals in southern Aegean islands surged in July

Tourist arrivals in southern Aegean islands surged in July Tourist arrivals at the islands of the Southern Aegean surged in July with over one million international flights, exceeding by 20 percent the number of the same month last year, which was a year-record at regional level. The increase was 13% for Rhodes, 8% for Kos, […]

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Greece records 122,230 new Covid-19 cases and 355 fatalities on July 25-31

Greece records 122,230 new Covid-19 cases and 355 fatalities on July 25-31 Greece recorded 122,230 new coronavirus cases in the week of July 25-31, the National Public Health Organization (EODY) said in its weekly statistics report on Tuesday, ANA reports.  There are also 355 fatalities from Covid-19 registered in the July 25-31 week, a ratio […]

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Specter of recession appears

Specter of recession appears The Purchasing Managers’ Index (PMI) dipped below 50 points in July, raising fears of a recession. Production and, more alarmingly, orders both dipped last month, although S&P Global, which compiles the PMI index and published the July figure on Monday, maintains that industrial production will rise this year. Not only that, […]

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Greece registers 122,230 new coronavirus infections on July 25-31, 355 deaths

Greece registers 122,230 new coronavirus infections on July 25-31, 355 deaths Greece confirmed 122,230 new coronavirus cases in the week of July 25-31, the National Public Health Organization (EODY) said in its weekly statistics report on Tuesday. This is equivalent to 11,716 coronavirus cases per 1 mln people during that week (weekly change: -11%), with […]

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Greek July factory activity slumps, new orders fall

Greek July factory activity slumps, new orders fall Greek manufacturing activity declined in July, hit by faster contractions in production and new orders as high inflation took a toll on client demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about 10% of the Greek economy, fell […]

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ATHEX: Bourse index posts 5 pct rise in July

ATHEX: Bourse index posts 5 pct rise in July Greek stocks upped a gear on Friday, recording notable gains on relatively increased turnover, to take the Athinon Avenue benchmark above the 850-point mark and end the month with a rise of 5.01%, the highest monthly growth for the main index since April 2021. That has […]

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Eurozone inflation at 8.9% in July – 11.5% in Greece

Eurozone inflation at 8.9% in July – 11.5% in Greece Inflation reached 8.9% in the Eurozone in July, while it reached 11.5% in Greece, according to Eurostat’s data for the harmonized index. It is worth noting that there was an increase for the eurozone from 8.6% in June, while for Greece the harmonized June index […]

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Greece records 136,077 new Covid-19 cases and for July 18-24

Greece records 136,077 new Covid-19 cases and for July 18-24 Greece confirmed 136,077 new coronavirus cases for July 18-24, the National Public Health Organization (EODY) said in its weekly statistics report on Tuesday, according to ANA. There are also 271 fatalities from Covid-19 registered in the July 18-24 week, a ratio of 26 deaths per […]

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‘Saristra’ festival returns to the island of Kefalonia on July 29-31

‘Saristra’ festival returns to the island of Kefalonia on July 29-31 The Saristra festival will be held again this summer at the island of Kefalonia after a two-year Covid pause, celebrating its 10th anniversary with an impressive line-up. It will be held on July 29-31, when many artists from the Greek alternative music and arts […]

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Saristra festival returns to Kefalonia on July 29-31

Saristra festival returns to Kefalonia on July 29-31 The Saristra festival will be held again this summer on July 29-31 at the Ionian island of Kefalonia after a two-year Covid pause, celebrating its 10th anniversary with an impressive line-up. Several artists from the Greek alternative music and arts scene who will perform, while UK’s luminary […]

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Greece braces for mild heatwave until the end of July

Greece braces for mild heatwave until the end of July Greece is bracing for a heatwave starting tomorrow, with temperatures expected to hit the low 40s (Celsius). The heat is forecast to last until the end of the month, protothema.gr reports. Based on the latest meteorological data, the heatwave which will start tomorrow Friday and […]

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Greece confirms 148,435 new coronavirus cases in July 11-17

Greece confirms 148,435 new coronavirus cases in July 11-17 Greece confirmed 148,435 new coronavirus cases in July 11-17, the National Public Health Organization (EODY) said in its weekly statistics report on Tuesday. This is equivalent to 13,723 new coronavirus cases per 1 mln people during that week (weekly change: -1%). An 18% of the weekly […]

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