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EU economies

COVID-19 Second Wave Nixes Predicted Economic Rebound

2020-09-26 by Phil Butler

Santorini

As the ECDC predicts a rising COVID-19 curve, Europe economies stand poised to suffer double-dip recession.

Tags: Coronavirus cases, COVID cases, COVID recession, COVID-19 economics, ECDC, EU economies, EU economy, EU recession, Europe economy, Europe pandemic, pandemic

Moody’s Says Greece Can Weather Prolonged Tourism Slump

2020-09-01 by Delia Gavrilescu

Eleftherias Square

According to Moody’s, most European sovereigns, including Greece, can weather a prolonged tourism slump.

Tags: ANA, COVID economies, economic stress, EU economies, Greece economy, Greece tourism, pandemic

Armenia Tops CIS Countries in Economic Freedom

2013-01-14 by Delia Gavrilescu

2013 Economic Freedom Heat Map

Research recently conducted by the Heritage Foundation in the US shows the current state of economic freedom around the world. Where CIS countries are concerned, the study made several somewhat surprising findings. One such finding was the 38th position among 177 countries Armenia currently holds. This places the small republic at the top of all CIS countries.

Tags: Armenia economy, Armenia freedoms, Armenia investment, Armenia travel, CIS, CIS economies, economies, EU economies, Europe economy

Eurozone – European Travel Gone Critical

2011-07-17 by Phil Butler

Italy's Economy Minister Giulio Tremonti

The Eurozone is in deep trouble. The piling up of debt for member states now affects every country, every industry, all Europe is reeling at the ultimate realization economic chaos is no longer a distant danger. Italy’s Ecomomy Minister Giulio Tremonti said it all in an address on Thursday; “We move forward or we sink” – stressing the EU desperately needs a political solution to its money woes.

Tags: Athens travel, economic disaster, EU economies, EU tourism, Europe debt, Europe industries, Europe tourism, Giulio Tremonti, Greece travel, Greek economy, Greek poverty, Italian austerity, Italy debt, Italy travel, Souther Italy, tourism

Portugal’s Travel Agents Sinking Fast

2011-01-18 by Phil Butler

Apulia windmill

Portugal’s travel sector is in grave trouble, perhaps far more serious than previous reports have suggested. The industry that represents 11 percent of the country’s GDP has lost fully one third of its travel agents to insolvency. The economic times and pressure from online travel agents have made the situation there untenable. But a double sided government effort has not helped either.

Tags: agent decline, EU economies, FDI, insustry news, Ministry of Finances, Portugal government, Portugal images, Portugal jobs, Portugal tourism, Portugal travel, Qatar, travel agents, travel investment




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