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Greek tourism revenues rose by 14.2% in June 2017 to 2.047 billion USD, according to central bank data. The tourism is vital source of money in deeply indebted Greece, but latest data shows that southeast European country is making money from the good summer weather.

Greece expects a second consecutive record year in tourism in 2017, expecting 30 million tourists, that is, more than the previous record of 27.5 million tourists achieved in 2016.

Howeverm the Greece’s current account surplus shrank in June compared to the same month a year earlier due to a wider trade gap and a deficit in the primary income balance. The data showed the surplus at 842 million EUR against 910 million EUR in June 2016. Greek tourism revenues rose to 2.047 billion EUR from 1.79 billion EUR in the same month last year.

“The current account of the balance of payments displayed a surplus that was lower by 68 million euros than a year earlier, primarily because the primary and secondary income accounts turned to deficits from surpluses”, said the Bank of Greece. However, part of that was offset by a stronger surplus in services. “The rise in the surplus of the services balance by 221 million euros is solely attributable to an increase of 257 million in the surplus of travel balance”, adds the report.

The country, which is now in its third rescue program since 2010, desperately needs a cash injection, as the tourism providing around one-fifth of GDP.

