Friday March 6, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
FinMin: Recession below 4 pct in 2013

In a speech delivered in Frankfurt on Thursday, Finance Minister Yannis Stournaras confirmed that the final figures for 2013 will show Greece’s economy contracted below the 4 percent target and that the primary surplus came in far above the anticipated 812 million euros. He also explained the country’s new economic model and invited Germans to invest in Greece.

Addressing over 100 German entrepreneurs at the “Frankfurter Gesellschaft fur Handel, Industrie und Wissenschaft” business union, Stournaras presented “the new Greece” and called on his audience to invest in sectors such as renewable energy and waste management.

The minister made it clear that the new Greece bears no resemblance to what it had become in previous years, and, besides his GDP and primary surplus estimates, stated that the current account balance will also present a surplus for the first time after a number of decades, amounting to 1 percent of gross domestic product.

Stournaras then presented the six pillars of the new growth model for the Greek economy. They are tourism (with the aim of extending the season), energy (which contributes over 4 percentage points to the GDP), food and the agricultural sector, logistics (on the strength of the country’s geographical location), the top-quality human resources, and the high-potential sectors of telecommunications, new technologies, property and transport.

He added that synergies between Greek and German entrepreneurs can be developed in domains such as food and drinks, industrial products, pharmaceuticals, fuel and health tourism, with the businessmen asking him for details on the sectors expected to see growth in the future and whether the country will continue to post primary surpluses in the coming years.

ekathimerini.com , Thursday February 6, 2014 (22:02)  
Jobless rate starts picking up again
Election lifted consumers’ mood
ECB decisions may prove to be a blessing in disguise
Market sees gov’t yielding after pressure
PM, FinMin in diplomatic push to sell measures
Prime Minister Alexis Tsipras and Finance Minister Yanis Varoufakis are launching a diplomatic offensive, with calls to several European counterparts, in a bid to lay the groundwork for anot...
Police seeking missing student to recall key witnesses
Police in Ioannina, northwestern Greece, are to conduct a new round of interviews with students at the city’s Dairy School and other acquaintances of missing student Vangelis Giakoumakis in ...
Inside News
SOCCER
Greece need to attack more, new coach Markarian says
Greece coach Sergio Markarian said Thursday he wanted Greece to play more attacking football against Hungary in a Euro 2016 qualifier on March 29 as his side strive to move off the bottom po...
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greece’s most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
COMMENTARY
Greek-Turkish relations
There are other issues beyond those focusing on the economy that the government, formerly of the “Indignants” and currently adapting – willingly or unwillingly – to eurozone realities, is fa...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PM, FinMin in diplomatic push to sell measures
2. Jobless rate starts picking up again
3. Police seeking missing student to recall key witnesses
4. Election lifted consumers’ mood
5. State will keep paying priests´ salaries, Greek gov´t says
6. ECB decisions may prove to be a blessing in disguise
more news
Today
This Week
1. Greek-Turkish relations
2. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
3. Greece struggles to make debt math work amid bailout standoff
4. Greece has backup plan if March bailout cash fails to arrive, says Varoufakis
5. Draghi details sought as ECB's QE plan poised to be fleshed out
6. Government policy
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. SYRIZA feeling the pain
3. The Greek tax drama
4. The unlikely winners of Greece's surrender on euro
5. Varoufakis to make six reform proposals at Monday's Eurogroup
6. Tsipras reversal draws Greek sympathy as party rumblings rise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.