RECENT NEWS
newratings.com  Sep 10  Comment 
BRUSSELS (dpa-AFX) - Greece's harmonized index of consumer prices, or HICP, declined at a slower than expected rate in August, figures from the Hellenic Statistical Authority showed Wednesday. The HICP fell 0.2 percent year-over-year in...
newratings.com  Sep 9  Comment 
BRUSSELS (dpa-AFX) - Greece's industrial production continued to decline in July, though at a slower rate, preliminary figures from the Hellenic Statistical Authority showed Tuesday. Industrial production fell 2.1 percent year-over-year in...
Canada.com  Sep 8  Comment 
Archaeologists believe the tomb that dates between 325 B.C. and 300 B.C. could be connected with the reign of the warrior-king Alexander the Great
NPR  Sep 8  Comment 
The country's prized archaeology sites are suffering, thanks to austerity measures and slashed budgets. But archaeologists face strict laws mandating state ownership of Greece's ancient treasures.
News.com.au  Sep 7  Comment 
HONDA has issued a recall for 126,000 motorcycles because of a potential brake problem. Meanwhile, Greece is set to return to growth after a six-year recession.
Forbes  Sep 7  Comment 
Starbucks Corporation has fared extremely well in many overseas markets, but not in Greece.  Why?
Reuters  Sep 4  Comment 
Iraq said it filed a lawsuit against Greek shipping company Marine Management Services (MMS) for its role in the export of crude from the Kurdistan region, which Baghdad says is illegal.
DailyFinance  Sep 4  Comment 
ATHENS, GREECE -- (Marketwired) -- 09/04/14 -- Dynagas LNG Partners LP ("Dynagas Partners" or the "Partnership") (NASDAQ: DLNG) announced today that it plans to issue senior unsecured notes due 2019 (the "Notes") in a registered public offering....
Euromoney  Sep 4  Comment 
€75 billion or 35% of Greek loans non-performing; analysts warn banks could face €12 billion capital hole.




 


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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