Greece as a touristic destination, either the islands or the resorts on the continent, was during the summer season of this year at the top of the Romanian tourists preferences, the agents having in many cases all places sold out before the beginning of the summer.The sales of package holidays for Greece started at the beginning of the year, so that in May there was no offer left, stated Madalina Balaiban, the owner of Hello Holidays.There were also tourists fond of all-inclusive holidays in Turkey who this year preferred Greece but who would have liked to find the same kind of services, all –included.There were also agencies who mentioned lower sales for the package holidays in Greece, an explanation being that of price increase."We have been tour operators on Bulgaria for years, but this year Bulgaria fell because they had very high prices, Greece too, we sold very thin," said Luminita Matei, general manager at Ecovoyage. Greece's tourism revenue hit a record in the first seven months of 2023, according to official data, while there is solid demand for travel in the autumn period, including November. The data supports estimates that there will be around 35 million foreign visitors this year as a whole and tourism revenues will exceed €20 billion, surpassing the previous record level of €18.17 billion set in 2019. According to a study, the Central Bank of Greece estimates for this year income from tourism of 21 billion euro, an advance of 15.6% against 2019 when the income was 18.17 billion euro and 19.1% as compared to 2022 when the income was 17.63 billion euro.
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
