RECENT NEWS
Financial Times  Sep 5  Comment 
Michalis Kalogerou has clashed with judges and represented notorious anarchist
New York Times  Sep 4  Comment 
The court ordered the man to be sent back home, not to the United States, though his background in cryptocurrency coincides with an area of interest to the special counsel.
Reuters  Sep 4  Comment 
Greek seamen on Tuesday called off a strike that had kept ferries and passengers stranded in ports around the country, after reaching a deal with employers on a wage increase.
Reuters  Sep 3  Comment 
Greek ships remained docked at the country's ports on Monday as seamen started a strike to demand the restoration of wages and labour rights, following the expiry of Greece's third bailout programme last month.
Wall Street Journal  Sep 2  Comment 
The Greek island of Santorini plans to cap cruise arrivals, because officials say the flow of day travelers is putting too much strain on infrastructure and spoiling the popular tourist destination.
Flightglobal  Aug 31  Comment 
Greek investigators are probing a terrain-warning incident involving a Condor Airbus A320 which had been executing a collision-avoidance manoeuvre at the time.
New York Times  Aug 24  Comment 
A Turkish immigrant of Kurdish descent, Mr. Ulukaya brought Greek yogurt to the mainstream. Along the way, he began hiring refugees, a move that drew threats from fringe websites and far-right commentators.




 


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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