RECENT NEWS
The Hindu Business Line  Jul 30  Comment 
Greek myths, and a killer product
newratings.com  Jul 29  Comment 
BRUSSELS (dpa-AFX) - Greek producer prices increased at the faster rate in eighteen months in June, a report from the Hellenic Statistical Authority showed Tuesday. Producer prices increased 1.1 percent year-over-year in June following the...
Forbes  Jul 25  Comment 
Greece, the whipping boy of the Eurozone crisis, was held up to the rest of the world of as an example the worst of the southern European economies, with a corrupt public sector running up massive debts and a private sector largely dependent on...
Financial Times  Jul 24  Comment 
Kyriakos Mitsotakis, minister of administrative reform, says the country’s general government wage bill fell below €16bn last year
Wall Street Journal  Jul 23  Comment 
European Union regulators approved the restructuring of Greece's two biggest banks, saying significant government support provided to the lenders during the region's financial crisis didn't violate EU competition rules.
BBC News  Jul 22  Comment 
How spartan were Spartans? Did the Trojans have a horse?
Reuters  Jul 22  Comment 
Shares in Greek renewable energy firm ELTECH Anemos dropped on their first day of trading on the Athens Stock Exchange on Tuesday, as traders said its initial public offering price was seen as expensive.




 


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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