The INSETE Institute (Institute of the Association of Greek Tourist Enterprises) conducted a study aimed at identifying the profile of holidaymakers who chose Greece in 2016-2018. Tourists from FYROM (Republic of Macedonia), Cypriots and Albanians were excluded from the total sample. INSETE was interested in the method of booking, availability of higher education, age, income level, and other characteristics.
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14 regional airports in Greece are operated by Fraport (Germany). According to her report, in December 2018, passenger traffic increased by 16% compared with the same period in 2017.
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In the 12 months of last year, almost 34 million people from around the world visited Greece. The tourism industry accounts for 20% of the gross domestic product.
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The Greek Parliament approved the country's budget for 2019. In accordance with it, the growth of external gross product over the next 12 months should reach 2.5%. More than half of the deputies - 154 people out of 300 – positively perceived the proposed budget. 143 deputies turned out to disagree with such a forecast on GDP. In total, 297 people cast their votes at the meeting. 3 did not participate in the discussion.
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Greece opens up huge prospects for investors. For example, the idea of redevelopment promises greater financial gain. Its essence is to acquire an irrelevant object and change it so that it becomes popular in the real estate market. In Greece, there is low demand for office buildings, but at the same time, there is a shortage of offers in the residential real estate market.
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Savvas Perdios headed the first established Ministry of Tourism in Cyprus. Together with his team, he must develop a development strategy for one of the main areas of the island’s economy.
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The Association of Exporters of Greece reported great news: this year, the volume of exported products will show steady growth. Representatives of the association are confident that in 2019 the historical maximum is likely to be fixed, as new markets open up and the list of goods for export is constantly expanding.
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In the Russian capital, for the 14th time, there was held a meeting by the Russian-Greek commission on issues in the field of military cooperation between the two states.
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According to the Greek Waste Management Agency (EOAN), the use of plastic bags has decreased in the country. The need for packaging has become less by 85%. This impressive result was facilitated by the introduction of a special environmental tax a year ago.
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On Wednesday, Greece was able to get $ 1,625 billion (€ 1,424,294,000) at the first bill auction in 2019. This was reported to the country’s Public Debt Management Agency (PDMA). The press release said that the 6-month treasury bills were sold with a yield of 0.9%.
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Australia has also joined the ranks of active foreign investors in Greek tourism and real estate. Australian Ambassador to Greece Kate Logan told about the intention to invest in the industry at a meeting with the Vice-President of the Government and Minister of Economy Yannis Dragasakis.
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Many Chinese citizens are acquiring Greek real estate in order to obtain a “golden visa”, and, as a result, a residence permit in the EU zone.
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Over the past week, important developments have occurred in the Cyprus banking sector. In particular, at the meeting of representatives of the International Monetary Fund (IMF) and the Bank of Cyprus, the issue of debt on loans was considered.
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The past week has become very productive for developers and property owners in Cyprus. Debt indicators improved significantly in Bank of Cyprus due to the repayment of loans by real estate.
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