RECENT NEWS
Forbes  Dec 8  Comment 
It might sound like a relatively new creation, bu steganography -- the practice of concealing a message or other data in an image -- isanything but new. The first recorded use is believed to have taken place in Greece around 330 BC. Image: ESET...
newratings.com  Dec 8  Comment 
BRUSSELS (dpa-AFX) - The Greek unemployment rate declined to the lowest level in more than four years in September, the labor force survey from the Hellenic Statistical Authority showed Thursday. The unemployment rate decreased to 23.1 percent...
DailyFinance  Dec 7  Comment 
Filed under: News, Crisis ATHENS (Reuters) - Hooded protesters threw petrol bombs and set off fireworks during clashes with Greek riot police in Athens on Tuesday on the eighth anniversary of a teenager's killing by police. The fatal...
Clusterstock  Dec 6  Comment 
Greece just received some short-term relief from the eurozone. In exchange for successfully implementing tough economic reforms and budget constraints, the country will be given some short-term help in the form of smoothing its repayment...
BBC News  Dec 5  Comment 
Greece has won some debt relief from its European creditors, but still awaits a review of the bailout process.
Forbes  Dec 5  Comment 
Lifestyle expert Pippa Lord and bestselling author Gretchen Rubin teams up with Plenti Greek Yogurt to lead a modern wellness workshop at 1 Hotel Central Park on September 23, 2015 in New York City. (Photo by Brian Ach/Getty Images for Plenti)...




 


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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