Greece has a capitalist economy with the public sector accounting for about 40% of GDP and with per capita GDP at least 75% of the leading euro-zone economies. Tourism provides 15% of GDP. Greece remains a net importer of industrial and capital goods, foodstuffs, and petroleum. Leading exports are manufactured goods, food and beverages, petroleum products, cement, chemicals and pharmaceuticals. (CIA World Factbook)
Key exchange rates:
Interest rate: 1%
Current inflation: 4.4%
Inflation target: 2%
Tax rate: 19%
Major Greek owned companies:
Coca-Cola Hellenic Bottling Company
Coca-Cola HBC produce, sell and distribute a wide range of non-alcoholic beverages. These include four of the world’s best selling brands, owned by The Coca-Cola Company: Coca-Cola, Coca-Cola Light (diet Coke), Fanta and Sprite.
Hellenic Telecommunications Organisations
Hellenic Telecommunications Organization (OTE S.A.) is Greece’s largest telecommunications operator, providing services to consumers, Greek and foreign businesses, and public agencies. The OTE Group offers a full range of products and services, from broadband services, fixed and mobile telephony, to internet access, satellite, high-speed data communications and leased line services.
Public Power Corporation
PPC is the largest power generation company in Greece and the country’s sole power supply company, providing electricity to approximately 7.4 million customers. PPC is also the sole company with a fully owned power transmission system in Greece.
Bank of Greece The Bank of Greece is the central bank of the country and a member of the Eurosystem. The bank's main goal is to maintain price stability in Greece.
National Bank of Greece National Bank of Greece, the oldest and largest among Greek banks, heads the strongest financial group in the country. It boasts a dynamic profile internationally, particularly in Southeastern Europe and the Eastern Mediterranean.
Sarantitis Law Firm Sarantitis Law Firm provides an extensive range of legal expertise, serving the interests of both local and international clients. Included in the firm’s local network of correspondents is the entire region of Greece, as well as Cyprus and the Balkans.
Eurochambres, the European Association of Chambers of Commerce and Industry, is one of the key representatives of business to the European institutions. It voices the interests of over 19 million member enterprises in 45 European countries through a network of 2000 regional and local Chambers represented by 45 national - and one transnational - organisations. More than 90% of these enterprises are small or medium enterprises, with chamber members employing over 120 million employees.
Eurochambres is the sole European body to serve the interests of every sector and size of European business - due to the multi-sectoral membership of Chambers - and the only one so close to business, as a result of the Chambers’ regional focus.
The Hellenic Chambers of Commerce are one of the main factors in the development of the business spirit, as they act in favor of their member-businesses. In this way, they have gained a new, decisive role in supporting them within the marketplace and in the deepening of their relationships with government organizations.