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
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
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
Exports - Imports of goods
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
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
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