RECENT NEWS  3 hrs ago  Comment 
BRUSSELS (dpa-AFX) - Greece's economy expanded at the fastest pace in nearly nine years, revised data from the Hellenic Statistical Authority showed Tuesday. Gross domestic product grew a seasonally- and calendar-adjusted 1.8...
New York Times  Nov 24  Comment 
Two people were killed and two others were injured after a fire broke out at a migrant camp on the Greek island of Lesvos, a police official said.
Financial Times  Nov 23  Comment 
Fund still seeks confirmation on size of European contributions to Athens’ debt
New York Times  Nov 23  Comment 
Negotiations to end a decades-old division between Greek and Turkish Cypriots broke down Tuesday, and no date was set for a new round of talks.
Reuters  Nov 22  Comment 
Greece will continue talks with international creditors on fiscal and labour reforms, aiming to wrap up the second review of its bailout programme by early next month ahead of a euro zone finance ministers' meeting, government officials said on...
DailyFinance  Nov 18  Comment 
Filed under: News, Crisis ATHENS (Reuters) - Tensions were high on the Greek island of Chios on Friday after unknown individuals hurled rocks and petrol bombs at a makeshift camp for refugees and migrants, setting facilities on fire, police...  Nov 17  Comment 
VIENNA (dpa-AFX) - The European Central Bank lowered the emergency liquidity assistance for Greek banks for a second time, on request from the Bank of Greece. "On 16 November 2016 the Governing Council of the ECB did not object to an ELA-ceiling...


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.


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

Companies in the Investing in Greece Industry (303)

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