Voluntary exit scheme inflicts Q2 losses on OTE
OTE, Greece’s biggest telecoms operator, reported a second-quarter loss last week, hit by the one-off costs of a voluntary redundancy scheme, but said its domestic business was holding up relatively well despite the economic crisis, reporting little change in its domestic revenues in the quarter. OTE also said continued investment would
Tourism. Greeks are taking 20 percent fewer trips within the country this month, compared to last August, due to the capital controls, says the association of tourism professionals (SETE). Mainland resorts like Paralia Katerinis are benefiting as a result.