Economics
Algarve Ranked Rop World’s Leading Beach Destination
After being voted as the best beach destination in Europe for the seventh time a few weeks ago, the Algarve has now been chosen as “the world’s leading beach destination” in the 2020 World Travel Awards, ahead of Miami Beach, Gala Pagos Islands and Cancun. The winners of the awards announced last Friday that Portugal […]
Read MoreItalian inflation rate maintained negative growth
According to ISTAT, the Italian inflation rate maintained negative growth for the seventh consecutive year in November. The consumer price index in November fell by 0.2%, while in October it fell by 0.3%. Decrease by 0.1% per month. Except for energy and fresh food, the composite index of inflation rate in 2020 is -0.2%, and […]
Read MoreSpain: Decreased purchase of houses by non-Spaniards
According to figures provided by Spanish notaries, the number of houses purchased by non-Spaniards in the first half of 2020 decreased by 32.395% compared with the same period last year, a decrease of 37.4%, which is the lowest level in six months since 2013, while that of British buyers decreased 41.1%, to 3917 people. […]
Read MorePortugal: Algarve Hotels suffer occupancy drop for the next two weekends
Due to the latest municipal travel restrictions announced by the Portuguese government, the Algarve Hotel’s “low bookings” activities for the next two long weekends have been cancelled. João Soares of the Portuguese Hotel Industry Association (AHP) and the owner of a hotel in Quarteira told Global Travel Agency, “People were surprised and had […]
Read MorePortugal: Traffic forbidden between cities
The traffic between cities in mainland Portugal is forbidden between 11:00 pm on Friday November 27th and 5:00 am on Wednesday, December 2nd. Due to the pandemic of State of Emergency Covid-19, the measures stipulated in the state of emergency by decree, will have some exceptions. According to the government decree that came […]
Read MoreItaly: Three regions changed to Covid orange zones
A source said on Friday that Roberto Speranza of the Italian Ministry of Health will sign a new decree that will change Calabria, Lombardy and Piedmont from a high COVID risk red zone to a medium risk orange area. According to this decree, which took effect on Sunday, Liguria and Sicily will turn […]
Read MoreAlgarve: 70% of entrepreneurs consider closing activities
A survey conducted by the Algarve Regional Association of Business and Services (ACRAL) among its associates found that 70% of entrepreneurs consider closing their activities partially or completely within the next 12 to 18 months. The association has asked the government to take immediate measures to “save the remaining companies and job opportunities in the […]
Read MoreGreece into top three international destinations booked by American travelers
According to a survey on the recovery of tourism in the post-coronavirus era released by the United States Tour Operators Association (USTOA), Greece is one of the top three international destinations booked by American travelers. The new findings of a survey of active members of USTOA’s travel operator’s post-Covid-19 recovery and business recovery […]
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