RECENT NEWS
Clusterstock  Mar 24  Comment 
Manhattan developers keep building skyscrapers taller and taller, but Greek architect  Ioannis Oikonomou hopes to break a new kind of record. His firm, O iio Studio , has designed a U-shaped tower called the "Big Bend" that aims to become,...
Reuters  Mar 24  Comment 
Greece will support a declaration marking the European Union's 60th birthday but needs the bloc's backing against International Monetary Fund demands on labour reforms, Greek Prime Minister Alexis Tsipras said ahead of a Summit in Rome on Friday.
Clusterstock  Mar 23  Comment 
Greeks are pulling billions out of their banks in fear of new cash controls. Greece's economy is shrinking again. The country has not been able to put together a deal to pay off its next debt payment. People are talking seriously about...
The Times of India  Mar 23  Comment 
EUROZONE-GREECE/PRIVATISATIONS:Greece to draw up boundaries for huge Athens riviera resort
The Times of India  Mar 23  Comment 
EUROZONE-GREECE/CURRENTACCOUNT (URGENT):Greek current account deficit shrinks in January, tourism revenue down
The Times of India  Mar 23  Comment 
GREECE-BANKS/FUNDING (URGENT):ECB raises emergency funding cap for Greek banks to 46.6 bln euros
The Times of India  Mar 23  Comment 
TITAN CEMENT-RESULTS/ (UPDATE 1):Greek cement maker Titan swings to profit in fourth quarter
TechCrunch  Mar 22  Comment 
 Raising money for a venture fund is almost never easy, but it’s a whole lot harder in certain places that are struggling economically, like Greece. Thankfully for the country, a new seed-stage firm has formed, called Marathon VC. Its mission,...
Financial Times  Mar 22  Comment 
Police refuse to name targets of campaign coinciding with stand-off with creditors
Reuters  Mar 22  Comment 
Greece said on Wednesday it hopes for a deal with its international lenders within the month of April and is working to bridge differences on labour, pension and energy reforms.




 


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)

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki