Saturday April 25, 2015 Search
Weather | Athens
14o C
09o 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)  
Construction material costs slide anew
Navios taps German shipping opportunities
Gov’t eyes state company reserves
Thessaly stores likely to remain closed on first Sunday of spring sales
Tsipras to see local officials as decree dispute heats up
Prime Minister Alexis Tsipras is due to meet regional governors and mayors in Athens on Saturday in an attempt to defuse a political row that has erupted as a result of the government’s deci...
Kotzias talks Cyprus at UN
Foreign Minister Nikos Kotzias informed United Nations Secretary-General Ban-Ki moon on Friday about his positions regarding the removal of Greek and Turkish troops from Cyprus as part of th...
Inside News
TRACK & FIELD
Grabbing the shoes that have gone a long way
Greek Marathon legend Maria Polyzou is calling on everyone to join her in her charity run at the Dusseldorf Marathon on Sunday, April 26, by bidding for her special shoes she will race in an...
BASKETBALL
Printezis sends Olympiakos to the Final Four
A buzzer-beating three-pointer by Giorgos Printezis saw Olympiakos through to the Final Four of the Euroleague, as the Reds defeated Barcelona 71-68 on Thursday to claim the best-of-five qua...
Inside Sports
COMMENTARY
Something is changing on Cyprus
The first round of elections for the leader of the Turkish Cypriots last Sunday did not result in a winner but it showed that many voters support change – change on the political scene and e...
EDITORIAL
Harmful talk
Early elections would not serve any purpose for Greece right now, and neither do threats that the government will collapse. It has become abundantly clear that the only solution lies in the ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tsipras to see local officials as decree dispute heats up
2. Kotzias talks Cyprus at UN
3. Construction material costs slide anew
4. Navios taps German shipping opportunities
5. Gov’t eyes state company reserves
6. Thessaly stores likely to remain closed on first Sunday of spring sales
more news
Today
This Week
1. Greece offers concessions in talks with creditors
2. EU frustration mounts as Greeks try to sidestep aid process
3. FinMin sources say gov't 'not bluffing' in opposing austerity
4. Varoufakis said to be called gambler, time-waster in meeting
5. Merkel: must prevent Greece running out of cash before deal
6. Eurogroup chief says great urgency to reach deal on Greece
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek government's popularity takes a hit as talks drag on
3. Putting off payments led to Q1 budget primary surplus
4. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
5. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
6. Europe's collision course with Greece
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.