RECENT NEWS
Financial Times  Aug 29  Comment 
Emmanuel Kriaras, the son of a sea captain and possibly the world’s oldest parliamentary candidate at 102, pulled few punches on the Greek economy
SeekingAlpha  Aug 29  Comment 
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Reuters  Aug 27  Comment 
* Sales flat year-on-year, at 4.5 billion euros (Adds adjusted EBITDA, sales)
Forbes  Aug 26  Comment 
This past week, Greece appealed to the European Union for assistance ahead of a possible halt in natural gas from Russia, by way of Ukraine. The country’s heavy dependence on natural gas imports from Russia, which makes up about 60 percent of...
SeekingAlpha  Aug 25  Comment 
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Cellular News  Aug 25  Comment 
Vodafone is paying EUR72.7 million to buy a near 78 percent stake in Hellas Online, a Greek landline and broadband internet provider. Click here for more.
newratings.com  Aug 22  Comment 
NEWBURY (dpa-AFX) - Telecom giant Vodafone Group Plc. (VOD.L, VOD) said that that Vodafone Greece has agreed to acquire 72.7% of the share capital of Hellas Online SA or "HOL" from the Intracom Group and World Equities Investments Holdings SA or...




 


Greece ranked 42nd in the list of countries by GDP per capita, with $339.2 billion GDP in 2009 estimates. Its economy is dominated by the public sector, which accounts for approximately 40% of its GDP, followed by the tourism industry that accounts for 15% of GDP. Other important sectors include food processing, tobacco, textiles, chemicals (including refineries), pharmaceuticals, cement, glass, telecommunication and transport equipment.[1] Ever since Greece joined the EU, it became a major beneficiary of EU aid. On top of that, the replacement of drachma to the Euro currency gives Greece the access to competitive loan rates and also to low rates of the Eurobond market. This improved consumer spending dramatically, boosting economic growth to approximately 4% per year between 2003 and 2007.[2]

Greece's sovereign debt crisis Greece was not spared from the international financial crisis. In 2010, a burgeoning government deficit (12.7% of GDP) and mounting public debt (113% of GDP in 2009) led to concerns about Greece defaulting.

References

  1. TDS - Greece, Europe
  2. CIA World Fact Book 2010

Companies in the Investing in Greece Industry (303)

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