Economics
Portugal: Tourism devastated in Algarve due to Covid-19
Algarve hotels are currently calculating the cost of the absolute destruction of some kind of business hope for the “New Year”. Elidérico Viegas, owner of the AHETA Hotel Operators Association, admitted: “We really never imagined such strict restrictions.” The government completely bans public gatherings of any kind (click here); the hotel curfew […]
Read MoreSpain: British government urges more elasticity after entry ban
For some air passengers who were refused entry to Spain and immediately returned to the UK, after a few days of turbulence, the British consular services “requested the Spanish government to provide greater flexibility.” The root of the problem lies in three key issues. One of them is related to the extension of […]
Read MoreItaly’s birth rate is expected to drop further
As the economic conflict and uncertainty brought about by the pandemic exacerbate its demographic crisis, Italy’s birth rate is expected to drop further. The number of births in Italy in 2019 was 420,000, which is the lowest level since the country’s reunification in 1861, while the total number of deaths was 647,000. […]
Read MoreItaly: Worst year for tourism in four decades
Assoturismo and Confesercenti said that 2020 is the worst year for the Italian tourism industry since 1969. They affirmed that the COVID crisis wiped out 240 million tourists, a 55% reduction. The hotel industry was hit hard, with consumer spending losses of about 50 billion euros. According to the report, the […]
Read MoreMayor: Athens to become attractive for investors
The Mayor of Athens, Kostas Bakoyannis, said at an online conference organized by the Greek Tourism Federation (SETE) and Marketing Greece to make Athens an attractive place for investors, tourists and residents. Speaking of the lessons learned from the Covid-19 pandemic, Bakoyannis affirmed that adaptability is the key to moving forward and mentioned the […]
Read MoreItaly: 2020 box office falls 93%
The sales counter Cinetel said on Wednesday that movie box office revenues in Italy have fallen by 93% since the COVID-19 closure began in March. According to Cinetel it dropped by 460 million. Total revenue this year exceeded 182.5 million euros. About 28 million tickets were sold. A year-on-year decrease of 71.3%. The […]
Read MoreCovid-19: Grave Effects on Tourism Industry in Portugal
Rita Marques, Minister of Tourism of Portugal, told a national newspaper that Portugal’s tourism industry has been regressed for 10 years due to the Covid-19 pandemic. An interview by Expresso showed that Portugal’s tourism industry has lost a huge amount of 7.7 billion euros in revenue. In terms of capital income, the country has […]
Read MorePfizer COVID vaccine arrived in Italy
The new Pfizer COVID vaccine arrived in Italy on Wednesday. Nine DHL aircraft delivered the first 470,000 vaccine doses to Milan Malpensa, Bergamo Orio al Serio, Ancona Falconara, Bologna, Rome Ciampino, Naples, Pisa, Venice and Bari airports . The police will accompany the refrigerated truck to transport the vials to 203 management points […]
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