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Forbes  3 hrs ago  Comment 
Real estate is a popular investment in the US, it always has been. For a good reason: Real estate assets have been good long-term performers.
newratings.com  Jul 1  Comment 
BRUSSELS (dpa-AFX) - Greece's manufacturing activity expanded for the first time in this year, though slightly, survey results from Markit Economics showed Friday. The seasonally adjusted Purchasing Managers' Index, or PMI, rose to 50.4...
newratings.com  Jun 30  Comment 
BRUSSELS (dpa-AFX) - Greece's retail sales continued to decline in April, preliminary figures from the Hellenic Statistical Authority showed Thursday. Retail sales slipped 3.9 percent year-over-year in April, following a 4.0 percent decrease...
MarketWatch  Jun 30  Comment 
Divorce? Much more probable is a flexible “halfway-house” relationship between the U.K. and the EU.
Reuters  Jun 29  Comment 
COSCO Greece objected on Wednesday to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with those...
The Economic Times  Jun 29  Comment 
Greece, Spain, Italy, Ireland, and Namibia — all have felt the cool wind of Brexit coursing through their equity markets.
Forbes  Jun 25  Comment 
Global financial markets are stirring over the U.K. decision to leave the European Union. Here are a few things to keep in mind: As we discussed earlier in the week, the repercussions of the Brexit are very different than those that were feared...
Forbes  Jun 24  Comment 
Britain is going to emerge from Brexit as an economic powerhouse, free to emerge from the shadow of chronically underperforming continental economies like Greece and Spain, and enjoy the full, undiluted benefits of having the world’s...
Mondo Visione  Jun 23  Comment 
The 5th Greek Investment Forum in New York, was being finalized yesterday. This Forum is organized annually by the Athens Stock Exchange in cooperation with the American-Hellenic Chamber of Commerce. Sponsors of this year's Forum are five of...
Financial Times  Jun 23  Comment 
Lenders have a good news story to tell




 


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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