RECENT NEWS
Yahoo  Apr 14  Comment 
The Latest on U.S.-led missile strikes on Syria (all times local): 2:30 p.m. Greek police say about 6,000 to 7,000 people turned up at a rally and march in central Athens organized by Greece's Communist ...
New York Times  Apr 12  Comment 
A Greek official said the jet had been sent to chase Turkish fighters out of Greek airspace, but Ankara says it had no aircraft in the area. The pilot died.
Financial Times  Apr 11  Comment 
Greece’s former finance minister runs a political movement from his Athens apartment
New York Times  Apr 8  Comment 
Greece and Turkey have been exchanging insults and threats in recent weeks, recalling conflicts from a shared and bloody history.
FiercePharma  Apr 6  Comment 
As Novartis is dealing with allegations in Greece of bribes paid to government officials in exchange for orders, it is now simultaneously the target of another bribery allegation in China.
TechCrunch  Apr 5  Comment 
Uber is suspending another international service while it assess whether there’s a business case to continue operations after regulatory changes. In a blog post announcing the impending suspension of its UberX service in Athens, the company...
Channel News Asia  Apr 5  Comment 
Ride-hailing service Uber said on Thursday it would suspend its licensed service in Greece after the approval of local legislation which imposes stricter regulation on the sector.




 


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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