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20 February 2017
11 March 2016

Egypt lost more than a billion dollars within 3 months as Russian tourists stopped going to the country

Egypt lost more than a billion dollars within 3 months as Russian tourists stopped going to the country

Egypt tourism loses millions after the death of Russian tourists in a terror attack.

Prime minister of Egypt Sherif Ismail claimed in his TV interview that the budget of the country lacks 1,3 billion US dollars after the airplane with Russian tourists crash over the Sinai peninsula. The accident led to the reduction of the number of Russian tourists coming on holidays to the country. The prime minister said that “Russian tourists stopped coming to our country and therefore, we lost about 1,2 – 1,3 billion dollars”.

The president of the country Abdul Fattah as-Sisi has admitted that the plane crash was due to the terror attack. Initially, Egyptian authorities ignored all the arguments related with extremist groups’ activities. They believed that the accident occurred due to some technical problems of the aircraft. Yet, it does not seem to be sensible now to deny the true reason of the crash.

Egypt lost more than a billion dollars within 3 months as Russian tourists stopped going to the country

Tourism is the main income item of the Egyptian budget. To make things worse, Western countries try to persuade their citizens not to go to Egypt which is unable to guarantee safety for them. Turkey seems to face similar problems at the moment. It lost its profits because the Russian government forbade its tourist agencies from selling tours to Turkey. Recent terror attacks in Istanbul and Ankara shattered confidence of the Europeans who prefer not to go to Turkey for holidays. Besides that, this debases the image of the country. It was announced last week that the 24th World Congress of political scientists which was to be hold in Istanbul was cancelled. Organisers of the event decided to hold it in one of the European cities as there are concerns about safety in Turkey. International Political Science Association based in Montreal published the explanation of the current situation on its website.