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Greece
Handelskammer - Land Infoblatt Letztes Update: 03.08.2017

Ihre Berater bei der Handelskammer

  • Edith Stein
    +352423939482
  • Daniel Sahr
    +352423939313
Kontaktieren Sie uns: europe@cc.lu

Kennzahlen

Bereich
131,957 km2
Bevölkerung
10,773,253 (July 2016 est.)
Regierungsform
parliamentary republic
Sprachen
Greek (official) 99%, other (includes English and French) 1%
BIP
$290.5 billion (2016 est.)
Wachstumsrate
0.1% (2016 est.)
HDI
29
Hauptstadt
Athens

 

Einführung

Greece achieved independence from the Ottoman Empire in 1830. During the second half of the 19th century and the first half of the 20th century, it gradually added neighboring islands and territories, most with Greek-speaking populations. In World War II, Greece was first invaded by Italy (1940) and subsequently occupied by Germany (1941-44); fighting endured in a protracted civil war between supporters of the king and other anti-communist and communist rebels. Following the latter's defeat in 1949, Greece joined NATO in 1952. In 1967, a group of military officers seized power, establishing a military dictatorship that suspended many political liberties and forced the king to flee the country. In 1974, democratic elections and a referendum created a parliamentary republic and abolished the monarchy. In 1981, Greece joined the EC (now the EU); it became the 12th member of the European Economic and Monetary Union in 2001. Since 2010, the prospect of a Greek default on its euro-denominated debt has created severe strains within the EMU and raised the question of whether a member country might voluntarily leave the common currency or be removed.

Source: The CIA World Factbook - Greece 

 

Makroökonomische Indikatoren

After a prolonged depression, the economy stabilised in 2016 and GDP is projected to grow by 1.1% in 2017 and 2.5% in 2018. The labour market is improving, supporting private consumption, and higher demand from abroad is boosting exports. Investment has started to recover from very low levels and should gather pace. The consumption tax increase in early 2017 and recent energy price increases will raise consumer price inflation, even though core inflation will remain moderate, as ample spare capacity persists.


In 2016, the primary budget surplus was 3.8% of GDP, exceeding expectations and the 0.5% target. Further progress in combatting tax evasion, broadening the personal income tax base and controlling pension spending are key to cementing the significant fiscal achievements of recent years, while freeing up resources for much needed social assistance programmes. Public debt has stabilised but remains very high, aggravating economic vulnerabilities and calling for additional debt relief to ensure medium to long-term fiscal sustainability.


Continuing the implementation of structural reforms would increase productivity and, through intensified participation in global value chains, exports. Developing and implementing effective job-search and training policies, linked to unemployment benefits, and enhancing life-long learning would strengthen workers' skills, accelerate the shift towards tradable sectors and improve people’s prospects of getting good jobs.

 

 Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
0.654-0.2310.0592.7663.070
Gross domestic product, current prices
U.S. dollars (Billions)
235.948195.320195.878204.941214.725
Gross domestic product per capita, current prices
U.S. dollars (Units)
21,593.48117,988.50618,077.63818,953.58619,899.969
Inflation, average consumer prices
Percent change
-1.394-1.096-0.1000.6011.000
Volume of imports of goods and services
Percent change
7.736-6.852-4.4902.9394.200
Volume of exports of goods and services
Percent change
7.465-3.796-3.8393.1044.571
Unemployment rate
Percent of total labor force
26.50025.03423.26721.52620.668
Current account balance
U.S. dollars (Billions)
-4.970-0.090-0.070-0.0590.306
Current account balance
Percent of GDP
-2.106-0.046-0.036-0.0290.142
Colored cells are estimates
  

Source: IMF Statistics - Greece

 

Luxemburg und das Land

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 22.11.1991  (Memorial 1992, A, p. 2643)
  • Effective as of 26.08.1995 (Memorial 1995, A, p. 1819)

Air Services agreement

  • Agreement from 10.22.1951 (Memorial 1953, p. 249 )
  • Effective as of 10.08.1953 (Memorial 1953, p. 1079)

Source: Administration des contributions directes

 

Weitere Informationen

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Greece

Embassy of the Grand Duchy of Luxembourg in Greece

Ambassador: Christian BIEVER

23A, Vassilissis Sofias Avenue, 2
Street Neofytou Vamva
GR - 10674 Athens

Tel: +30 210 725 64 00
Fax: +30 210 725 64 05
Email: athenes.amb(at)mae.etat.lu 

Economic and Commercial Attaché (AWEX)

Commercial Secretary: Genevieve WLAZEL 

Sekeri Odos, 3
10671 Athens

Tel: +30 210 36 10 120
Fax: +30 210 36 10 117
E-mail: athenes(at)awex-wallonia.com 

Honorary consuls

Honorary Consul with jurisdiction in the Hellenic Republic: Mr. Artémis PAPATHEODOROU

42c Tzavella Street
154 51 Neo Psychico
Athens

Tel : + 30 210 672 18 91
Fax: + 30 210 677 34 44
Email: info(at)consulate-lux-ath.gr

 

Honorary Consul with jurisdiction in the department of Macedonia: Mr.Yannis VERGINIS

13, rue Pavlou Mela
54622 Thessalonique

Tel: +30 2310 240 208
      +30 6944 32 45 46
Fax: +30 2310 240 212
Email: verginis.conslux(at)gmail.com

Source: Ministry of Foreign Affairs Luxembourg                  Source: www.awex.be

Country risk as defined by Office du Ducroire for Greece

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Greece

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