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Cruise industry: Greece benefits from tragic events in the Middle East

Temporarily, the Greek cruise market and in particular some Greek islands have benefited from the tragic events in Israel according to estimates from industry players. The Greek islands will benefit, estimates the President of the Union of Cruise Ship Owners and Shipping Agencies (EEKFN) Giorgos Koumbenas, while the honorary president of the Union, Theodoros Kontes, expresses the same assessment.

Greece is Europe's champion in increasing flights compared to pre-pandemic levels

Greece emerged as the "champion" throughout the EU in terms of the increase in commercial flights in September 2023 compared to the number of flights in 2019. The increase rate recorded by Greece amounted to 10.9%, followed by Portugal with 9.0% and further back Cyprus with 5.9%.

Looking at the data of the countries for September 2023, only 6 countries have exceeded the number of flights they had recorded in the corresponding period of 2019. It is thus confirmed that our country has the fastest recovery of air flights and the conquest of traffic levels above and from pre-pandemic levels.

7.9% increase at EU level

Based on data released by Eurostat, in September 2023, there were 605,806 commercial flights in the EU, an increase of 7.9% compared to the number of flights in September 2022. However, the figure remained at 8.9 % lower than the number of flights for the same month in 2019.

The same trend was visible throughout June – August. All months saw a significant increase compared to 2022 – June 6.9%, July 7.4% and August 6.6%, but the figures were still lower than in 2019: June (-10.4%), July (-9.0%) ) and August (-8.5%).

Looking at the countries' data for September 2023, in relation to the number of their flights from 2019, apart from Greece, Portugal and Cyprus, the other countries with flight growth were Croatia (+2.6%), Ireland (+1, 4%) and Malta (+0.7%).

The biggest recovery to better levels since 2019, on a pan-European level, was recorded by Iceland – which does not belong to the EU – with an increase of around 20%.

In contrast, Latvia (-30.4%), Finland (-30.2%), Estonia (-25.4%), Sweden (-24.1%) and Slovenia (-22.9% ) are far from the 2019 figures.

 

 

IMF Fiscal Monitor predicts higher primary surpluses in Greece

Greece is forecast to maintain and increase a general government primary surplus in the coming years, according to the International Monetary Fund's (IMF) Fiscal Monitor report on global fiscal developments released on Wednesday. The Greek general government primary balance is forecast to increase a surplus of 0.1% of GDP in 2022 to 1.0 pct of GDP in 2023 and 2% of GDP in 2024-2025, and then to 2.2% of GDP in subsequent years up until 2028, with a further reduction of Greece's public debt.

Greek minister in Thessaly to specify support measures for farmers

The Minister of Rural Development Lefteris Avgenakis will be in Thessaly again from Tuesday, in whose presence sectoral meetings will be held per product, so that together with the producers who have been affected, the next measures to support producers and restore agricultural production in the region can be specified.

Olive oil: How long will the "green gold" rally continue

Olive oil will remain expensive, at least for the next six months. And this is the optimistic prediction. Whether the "rally" will continue will become clear in the first months of 2024, when the new harvest olive oil enters the market, even if, according to all indications, production will be reduced, or next spring, when there will be the first indications of the production of the new growing season, especially in Spain.

Greeks get sick more because health resources are not enough

Greece has the lowest quality of life index of all the EU member states, with more than 1 in 3 Greeks (36%) living with a low quality of life, while Romania is in second place and in fourth place Poland. In fact, people in Romania live fewer years of healthy survival (59.9 years) compared to the rest of the EU. (64 years).

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