RECENT NEWS
DailyFinance  10 hrs ago  Comment 
OTTAWA, ONTARIO -- (Marketwired) -- 09/21/14 -- Product photos are available at http://bit.ly/Z3e1kNConan Foods is recalling Ellada brand Greek Oregano Leaves from the marketplace due to possible Salmonella contamination. Consumers should not...
Financial Times  Sep 19  Comment 
Syriza party leader, who could be premier as early as next year, wants a new European consensus to help drag Greece out of its economic pit
guardian.co.uk  Sep 18  Comment 
Judicial inquiry follows Christine Lagarde's claim that she faced death threats after accusing wealthy Greeks of tax evasion The International Monetary Fund (IMF) chief, Christine Lagarde, could soon be called to participate in a second judicial...
Reuters  Sep 18  Comment 
Bulgaria is in talks with neighbouring Greece on gas imports, fearing the Ukraine crisis may lead to disruption of supply from Russia, its economy minister said on Thursday.
Wall Street Journal  Sep 18  Comment 
The Huffington Post will launch a Greek edition based in Athens this year in the latest step of a global expansion strategy that the company says has resulted in nearly 50% of the site's traffic now coming from outside the U.S.
Benzinga  Sep 17  Comment 
Privately-held real estate firm Hines has set its sights on Greek real estate as foreign real estate firms snap up undeveloped plots in the country in the wake of the Euro debt crisis, a report on Kathimirini.com said. The entry of Hines in...
TheStreet.com  Sep 17  Comment 
NEW YORK (TheStreet) -- Scots will be worse off if they vote for independence. It's not goodaeconomics -- andanot much else is at stake. Unlike the now-dormant (but never dead) separatist movement in Quebec and the rising tide for independence in...
Reuters  Sep 16  Comment 
Greece has received three bids for the sale of mobile phone frequencies aimed at upgrading telecom services in the country, the telecoms regulator said on Tuesday,




 


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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