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Greece
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 15.05.2017

Vos conseillers à la Chambre de Commerce

  • Edith Stein
    +352423939482
  • Daniel Sahr
    +352423939313
Contactez-nous: europe@cc.lu

Indicateurs clés

Région
131,957 km2
Population
10,773,253 (July 2016 est.)
Type de gouvernement
parliamentary republic
Langues
Greek (official) 99%, other (includes English and French) 1%
PIB
$286 billion (2015 est.)
Taux de croissance
-0.2% (2015 est.)
IHD
29
Capitale
Athens

 

Introduction

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 

 

Indicateurs macroéconomiques

Growth is projected to turn positive in the second half of 2016, after a deep and prolonged recession, as recovering confidence boosts investment and consumption and improved competitiveness raises exports. Unemployment is still very high, which is causing serious social problems, but is now gradually receding. The huge public debt burden is undermining investment and confidence, making some form of additional debt relief (for example, extending maturities) crucial.

The pace of fiscal consolidation has slowed. This is appropriate given the need for growth and rising fiscal pressures, including from the refugee crisis. The implementation of policies such as the Guaranteed Minimum Income and school meal and housing programmes will reduce poverty and inequality, which rose sharply during the crisis. Fighting tax evasion would increase fairness and raise the revenues needed to deal with social problems. Dealing with the large stock of non-performing loans in banks is a priority to restore the availability of credit for investment.

Persistently weak productivity performance accounts for a significant part of the decline in output since the onset of the crisis. The full implementation of structural reforms will boost productivity and growth. Labour market reforms have improved flexibility and thereby productivity. Productivity growth will also be boosted by easing the regulatory burden and barriers to competition further, especially in network industries and protected professions, and increasing the efficiency of bankruptcy procedures.

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

 

Le Luxembourg et le pays

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

 

Plus d'informations

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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