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The Greek Economy

The Greek economy, having achieved high growth rates until 2008, showed signs of recession in 2009 as a result of the global financial crisis, whereas in 2010 the recession has been intensified considerably due to country’s fiscal imbalances. The need for consolidation has led the country to embark on a trilateral mechanism of financial support, comprising the EU, the IMF and the ECB.

Last Updated on Wednesday, 28 March 2012 12:55

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Infrastructure

Greece now has a developed infrastructure that enables the uninterrupted implementation of any investment activity. Within the framework of the holding of the 2004 Olympic Games in Athens a number of changes and improvements in a variety of areas -among which includes the infrastructure of Greece- were materialised.

Last Updated on Wednesday, 28 March 2012 12:54

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Human Capital

During the last three decades in Greece, demographic shifts, EU integration, and global trends have been reshaping the economic landscape so that Greece’s human resources are meeting the needs of today’s service and knowledge-based economy. There is a good supply of highly qualified labour in Greece. 

 

Last Updated on Monday, 21 May 2012 12:48

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Trade

Exports - Imports of goods

Exports

In 2010, the total value of Greek exports totalled 16,248 million Euros, accounting for 7.1% of Greece’s GDP. Despite the financial crisis in Greece this year, exports showed a significant increase in volume up, 12.5%. This increase is largely due to the gradual decline of the global financial crisis, especially in traditional markets for Greek products, and to the increase of Greece’s competitiveness as a result of the reduction of the prices of goods and the production factors in Greece resulting from the domestic financial crisis.

Last Updated on Wednesday, 28 March 2012 12:56

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Foreign Direct Investment

Despite the severe economic crisis Greece is facing since 2010, the country’s performance in attracting foreign investment in 2010 was satisfactory in comparison with the previous year.The total (gross) capital inflows to the country in 2010 amounted to 4 billion Euros, while net inflows exceeded 1.6 billion Euros.

Last Updated on Tuesday, 28 February 2012 12:04

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Access To Financing

Investors have a wide selection of alternatives for their financing needs to implement their projects.

1. The Investment Incentives Law provides strong financial incentives to realize projects in numerous sectors throughout the country.

2. The NSRF (National Strategic Reference Framework) 2007–2013 is the reference document for the programming of European Union Funds at national level until 2013.

Last Updated on Wednesday, 28 March 2012 13:06

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Testimonials

I am sure that Greek Law Digest will be most welcomed and will prove to be a useful and valuable tool for investors.

Yannis Ragoussis
Alternate Minister of National Defense




Greek Law Digest will serve as a most useful guide both for our Embassy and for future investors from our country.

Lorenzo Amberg
Ambassador of Switzerland in Greece




Greek law Digest is an invaluable tool for foreign investments in Greece and will no doubt be greatly appreciated.

Leandros Rakintzis
General Inspector of Public Administration




This is a truly exemplary initiative of your publishing house. Congratulations are in order for both the prominent law professionals who undertook the writing of the various topics as well as for NOMIKI BIBLIOTHIKI which organized and managed the whole work.

George Stavropoulos
State Minister




This initiative of your publishing house is of special interest and value due to the comprehensiveness of the information contained in the Guide, since it refers to a variety of topics and therefore can constitute a useful information channel for those interested in doing business in Greece. It is a fact that easy access to information facilitates considerably potential investors and your Guide will serve as an invaluable tool to this direction.

Constantine A. Papadopoulos
General Secretary of
International Economic Relations and
Development Cooperation




One can easily acknowledge that the Greek Legal Digest is a valuable information tool for every potential investor and that it can dynamically support the vital national endeavour to attract foreign capital to Greece. It is for this reason that I have already informed my colleagues and competent officials about it, asking them to actively endorse such valuable guide.

Theodoros Pangalos
Deputy PM




In these very crucial days for Greece, I welcome this invaluable work, which surpass the limits of a reference and may very well serve as an excellent bridge to foreign investors. It is clear that this investment guide deserves the best possible support and promotion. Congratulations for the excellent initiative and for the effort made.

Dimitrios Bakatselos
Chairman of Thessaloniki
Chamber of Commerce & Industry




I congratulate you for the comprehensive presentation of the Greek legal framework supporting the endeavor to attract foreign investment. I am sure it will prove to be very useful for legal counsels of the General Secretariat of EU Funds and Infrastructure.

Vangelis Divaris
Special Secretary for
EU Funds and Infrastructure
Ministry for Rural
Development and Food.




This Guide will certainly have a useful place in our library.

Marc Van Den Reeck
Ambassador of Belgium


   

 

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