SeekingAlpha  32 min ago  Comment 
Financial Times  Nov 30  Comment 
Hackers ask for €7m in digital currency to stop website attacks  Nov 30  Comment 
BRUSSELS (dpa-AFX) - Greece's retail sales decreased for the fourth consecutive month in September, preliminary figures from the Hellenic Statistical Authority showed Monday. The volume of retail sales slid 3.2 percent year-over-year in...  Nov 28  Comment 
Brian Eno, producer, composer and former Roxy Music keyboard player Yanis Varoufakis, former finance minister for Greece’s Syriza government The British musician and producer Brian Eno meets Yanis Varoufakis, former finance minister for...
The Hindu Business Line  Nov 27  Comment 
Greece and its international lenders have agreed on a new set of measures that the country must approve of, by next month, to qualify for more aid and pave the way for a first review of progre...  Nov 27  Comment 
BRUSSELS (dpa-AFX) - Greece's economy shrunk in the third quarter at a faster pace than expected earlier, and the contraction was the worst since early 2013, latest figures from the Hellenic Statistical Authority showed Friday. The...
Euromoney  Nov 26  Comment 
Senior bondholders pushed into recapitalization; foreclosure debate highlights political risk.
Forbes  Nov 26  Comment 
Tuesday's downing of a Russian Su-24 by the Turkish Air Force has added another dimension to the complicated situation in Syria. Turkey claims it warned Russia after its airspace was violated repeatedly in recent weeks, also stating that its F-16s...
Reuters  Nov 26  Comment 
* Capital controls hinder bill payments (Adds PPC comment, more details)
Times Online  Nov 26  Comment 
It used to be that central and eastern European women dominated Greece’s prostitution industry, but six years of crippling financial...


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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