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regional VC funds, as exemplified by Speedinvest from Austria, Startup Wiseguys from the Baltics, Eleven Ventures from Bulgaria, ENERN from the Czech Republic, Hiventures from Hungary, Speedup Group from Poland, Gapminder from Romania and Revo Capital from Turkey.
9.1.6 Tourism sector news
Turkey will not release data on tourism revenues for the second quarter
because the closure of borders in the country and around the world during April-June due to the coronavirus (COVID-19) pandemic made it impossible to conduct surveys, Turkey’s statistics office, TUIK, said.
The data was originally due out on July 29.
As part of measures implemented to curb the spread of the virus, Turkey closed its borders and airports in mid-March. The government started to roll back the restrictions in early June.
The latest data from TUIK showed that Turkey’s tourism revenues plunged more than 11% on an annual basis to $4.1bn in the first quarter of this year.
In 2019, Turkey generated $30.5bn in tourism revenues, a strong 17% increase from the previous year.
Foreign tourist arrivals in Turkey plunged by 96% y/y to 215,000 in June after declining 99% y/y in the previous two months, data from the country’s
71 TURKEY Country Report August 2020 www.intellinews.com
