RECENT NEWS
The Economic Times  Sep 1  Comment 
Short-selling involves investors borrowing shares to sell in the hope of being able to buy them back later a lower price.
newratings.com  Sep 1  Comment 
BRUSSELS (dpa-AFX) - Manufacturing activity in Greece deteriorated further in August, due to lack of new orders and continued sharp drop in production, survey figures from Markit Economics showed Tuesday. The seasonally adjusted purchasing...
Mondo Visione  Sep 1  Comment 
The European Securities and Markets Authority (ESMA) has issued its official opinion agreeing to an emergency short selling prohibition, for a period of 30 calendar days, by the Hellenic Capital Market Commission (HCMC) under the Short Selling...
Clusterstock  Sep 1  Comment 
It's manufacturing PMI day in Europe today, meaning we're getting a reading on how the sector is doing in key economies across the continent.  The continent-wide reading just came in at 52.3, against expectations of 52.4. July's figure was 52.4...
News.com.au  Aug 31  Comment 
OIL prices spike, Saudi stocks nosedive, India’s economy slows, and Greece’s retailers reveal the true cost of crippling capital controls.
The Hindu Business Line  Aug 31  Comment 
Greek archaeologists have uncovered ruins of an ancient palace filled with striking artefacts that may belong to Sparta’s Mycenaean culture, one of the most famous civilisations of ancient Greece.
newratings.com  Aug 31  Comment 
VIENNA (dpa-AFX) - What will be impact of an earthquake-induced powerful tsunami in the thickly populated eastern Mediterranean region? Scientists of the University of Bologna in Italy and Aristotle University of Thessaloniki in Greece did a...
Wall Street Journal  Aug 31  Comment 
Western Union said it resumed money-transfer services that allow customers to move funds from Greece to more than 200 countries following the Greek government’s decision to allow the restart of certain outbound money transfers.
Benzinga  Aug 31  Comment 
- reuters © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.




 


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)

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki