Crisis: Greece, tourism revenues fall 17.5% in Jan-Feb

20 April, 11:52

(ANSAmed) - ATHENS, APRIL 20 - Revenues from tourism services in Greece declined by a considerable 17.5% in the first couple of months of 2012 year-on-year, according to data released on Thursday by the Bank of Greece and reported by daily Kathimerini. This is attributed to the 11.1% drop in foreign arrivals in January and February that left even popular resorts emptier than usual. There was also a 26.1% slump in Greeks' travel expenditure abroad, the data showed. The country's Central Bank further said that the current account deficit shrank by 44.1% year-on-year, dropping from 4.65 billion euros to just 2.6 billion in the first two months of 2012. There was also a net outflow in direct investment, amounting to 305 million euros. (ANSAmed).

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