RECENT NEWS
Yahoo  Sep 23  Comment 
Greek Prime Minister, Alexis Tsipras, says “the time is now” for lenders to give Greece debt relief. “This is the responsibility of our international creditors,” Tsipras said during a speech at the Concordia Summit in New York on Tuesday....
Mondo Visione  Sep 23  Comment 
The 11th Annual Greek Roadshow in London ended yesterday. This year's Roadshow noted once again significant success as it was possible for participating listed companies to present their business development and growth prospects to international...
MarketWatch  Sep 23  Comment 
Greece’s prime minister called on his European partners to stick to their obligations and help Athens manage the migration crisis despite the political cost, or else risk the future of the union.
The Hindu Business Line  Sep 22  Comment 
Athens could test debt markets in 2017, make full return in 2018
Reuters  Sep 21  Comment 
Greece's prime minister on Tuesday sketched out a path he hopes will finally allow his country to exit its seven-year-old economic crisis, holding out the possibility of positive growth this year and a partial return to the bond markets in 2017.
New York Times  Sep 20  Comment 
Underwater archaeologists found 2,000-year-old bones at the Greek island Antikythera site.
Red Orbit  Sep 20  Comment 
Archaeologists working at the same Mediterranean shipwreck containing a 2nd century BC device often dubbed “the world’s oldest computer” have discovered a 2,000-year-old human skeleton, according to a report published earlier this week in...
Forbes  Sep 19  Comment 
A fifth skeleton has been found in the famed ancient Greek Antikythera shipwreck, and it could be the first to produce DNA evidence about the crew.
SeekingAlpha  Sep 19  Comment 




 


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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