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IMF

Eurogroup Will Release Next €767 Million Euro Tranche for Greece

2021-12-08 by Phil Butler

Paschal Donohoe

On Monday, Eurogroup approved the release of 767 million euros in financial help for the debt handcuffed country.

Tags: Brussels, EU, Eurogroup, European Commision, Greece debt, Greek debt, IMF, Paschal Donohoe

KEPE Says Tourism Cannot Sustain Greece In the Future

2021-06-07 by Phil Butler

The windmills in Mykonos, Greece

Tourism cannot be the pillar of long-term economic growth for Greece. The sector cannot keep pace to grow the country’s GDP.

Tags: European Stability Mechanism, Greece, Greece GDP, Greece tourism, IMF, KEPE, Klaus Regling, MSC Orchestra, Sustainable Greece, sustainable tourism, sustainable travel, tourism industry, UNWTO

Argo News Brief: COVID, IMF, and This Week’s Tourist Trends

2021-04-08 by Argophilia Travel News

This week travel experts discuss the need for Greece to adapt in the wake of COVID-19, and more news on the economy and summer vacations.

Tags: Bank of Greece, COVID-19 Greece, ETC, European Travel Commission, Greece economy, Greece tourism, Greece vaccine rollout, IMF, newsbriefs, vaccine rollout, vaccines, WTTC

2020: The Greece Tourism Season That Never Took Off

2020-04-26 by Phil Butler

Hersonissos

Greek Minister of Tourism Haris Theocharis thinks the country will welcome visitors by July. The world economy does not support his theory.

Tags: 2020 tourism, Coronavirus, COVID-19, Great Depression, Greece tourism, Harry Theoharis, Health passports, IMF, NSETE, research, tourism, world economy

Greece’s Yaroufakis Warns of Catastrophe Without Decisive EU Moves

2020-04-24 by Phil Butler

Yanis Varoufakis

Yanis Varoufakis, Greece’s former finance minister says his country will be the hardest hit by the economic turmoil.

Tags: Brexit, coronabonds, coronavirus Greece, COVID-19, EU bonds, EU response, Greece austerity, Greek economy, Grexit, IMF, Italy, Italy economy, Matteo Salvini, Spain, Spain economy, Yanis Varoufakis

Will the Coronavirus Pandemic End the EU Experiment?

2020-04-21 by Phil Butler

EU flag waving

The European Union urgently needs financial injections to deal with this crisis, but there’s an even greater need for solidarity.

Tags: Brexit, Brussels, Coronavirus 2019, COVID-19, EU, EU economy, EU survival, European commission, GDP, germany, great recession, Greece economy, Harvard Business Review, IMF, Italy economy, Paolo Gentiloni

COVID-19: EU Approves €2bn Greek Business Support Measures

2020-04-05 by Phil Butler

Margrethe Vestager

The European Commission has approved a €2 billion-euro aid package to help Greece weather the economic effects of the coronavirus (COVID-19).

Tags: Coronavirus, coronavirus pandemic, COVID-19, COVID-19 economics, EU, Greece economy, Greek debt, IMF, Kristalina Georgieva, Margrethe Vestager, world economy

Is Fraport Greece Mucking Up the Off-season for Crete?

2018-04-21 by Phil Butler

Tsipras Fraport

In news from Chania, regional authorities met last week with Fraport Greece CEO Alexander Zinell to discuss ways to attract companies to the region. At the to discuss expanding the horizons for Chania’s “Daskaloyiannis” airport, concerns were expressed about Ryanair’s decision to scrap its base in Chania. Underneath the positive news though, stakeholders in Crete worry the German company may be mucking up any shot at off-season tourism wins. 

Tags: Alexander Zinell, Chania, Chania airport, Deutsche Lufthansa, Fotis Chatzidakos, Fraport Greece, Greece privatization, Greek bailout, IMF, Ryanair

Airlines Forced to Reschedule Greece Flights Over Strikes

2018-01-15 by Argophilia Travel News

The most recent strike of public transport employees, as well as sailors and doctors, has caused airlines like Russia’s Aeroflot to reschedule or even cancel flights. And another strike of subway workers, bus drivers, tram and trolleybuses, is expected today.

Tags: Aegean Airliines, aeroflot, Greece, Greece austerity, Greece debt, Greek austerity, Greek travel, IMF, strikes

Weight of Ukraine Unrest, Sanctions, Threaten EU Economies

2014-05-07 by Phil Butler

Jean Claude Juncker

The Ukraine unrest unfolding, US and NATO versus Russia challenges and sanctions, threaten to unravel any hope of continued EU economic recovery. This, according to an ITAR-TASS report, must be weighed against European Commission contentions. Whatever the case for western EU nations, tourism and other sectors in eastern Europe will certainly be stifled.

Tags: banks, EU, EU elections, European commission, IMF, ITAR-TASS, Jean Claude Juncker, Luxembourg, NATO, Russia, Russia sanctions, Siim Kallas, Ukraine, Ukraine unrest

Singapore Airlines and Spain Tourism Board Buddy Up

2011-06-25 by Delia Gavrilescu

First class all the way with Singapore Airlines

In world airline news, leading edge air carrier Asia’s Singapore Airlines has just signed memorandum of understanding (MOU) with Spain’s Tourism Board. The agreement further extends what has already become an apparent initiative by the airline to not only broaden B2B connections, but to engage overall the world travel market.

Tags: air carriers, air fares, Asian airlines, I Need Spain, IMF, Singapore Airlines, Spain economy, Spain tourism, Spain Tourism Board, Spain travel, Spain travel carriers

Georgia’s President Saakashvili Garners Economic Support

2010-11-01 by Phil Butler

Unmistakably Georgian

The Republic of Georgia is a hot spot for International direct investment in Eastern Europe. Despite an economic contraction after the spat with Russia in 2008, the country is on course for substantial growth this year. President Mikheil Saakashvili is approaching investors in the Middle East this week about accelerating the country’s recovery.

Tags: Black Sea, Borjomi, Caucasus, Eastern Europe, Georgia investment, Georgia tourism, IMF, Little Virtuosos, Mikheil Saakashvili, Nika Gilauri, Nodar Kumaritashvili, Republic of Georgia, Saakashvili, skiing, Tbilisi, Tbilisi tourism, Tbilisi travel




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Karpathos Makes National Geographic 2023 Most Impressive List

2022-12-08 By Phil Butler

The Greek island of Karpathos has been included in National Geographic’s annual list of the world’s 25 most impressive destinations for 2023.  National Geographic refers to the island in the Dodecanese as an amazing and beautiful place, where women-owned businesses lead the way in sustainable tourism. Also included in the same category in the extensive […]

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2022-11-17 By Phil Butler

Santa Thekla Peninsula on Kefalonia promises and delivers everything a mythical king could want. This is truly a “one-of” experience.

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