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Greek Exports Rise to Over 10% of GDP

Exports account for more than 10% of Greece’s Gross Domestic Product (GDP), or more than €20 billion on an annual basis, recording a 13% growth rate, according to the Panhellenic Exporters Association.
In a report over export trends in the January-August period, the Association estimates that Greek exports grew by 11% (€18 billion) last year, while the Organisation for Economic Cο-Operation and Development (OECD) has revised upwards its projections for a 9.4% growth rate, from an initial 6%.
Presenting the report, the Association Chairwoman Christina Sakellaridi said the figures “confirm the importance of exporting business activity in the effort towards the recovery of the Greek economy.”

 Greek exports -excluding oil products- surpassed €20.5 billion in the September 2010-August 2011 period, an increase by 13.3% compared to the previous 12-month period. The August export figures represent a 32% rise in fuels and oil products, a 42.5% increase in confidential products, a 15% rise in machinery/transport, a 13% increase in industrial products.
(GREEK NEWS AGENDA)
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Hellenic Aid to the World

(GREEK NEWS AGENDA)    Greece is a UN “Millennium Development Goals” contributor and grants $501million annually in foreign aid to third world countries, which amounts to 0.16% of its GNI (2007) thus ranking 21st  worldwide in Official Development Assistance (ODA), and aiming at the 2010 European Union target of 0.51%.  Within the new strategy launched by the Ministry of Foreign Affairs, aiming at achieving the Millennium Development Goals, Hellenic Aid (www.hellenicaid.gr) promotes humanitarian and food aid programmes provided by N.G.O.s and volunteerism, as well as co-operation among national N.G.O.’s taking action in developing countries. Developed countries (according to the 2007/2008 UN Human Development report, Greece ranks 24th out of 177 countries), nowadays, form a rather small minority within the international community. The developing world still constitutes the majority of the globe’s population, living under conditions of extreme poverty. espite the improvement of certain general living conditions as well as the increase of the global wealth and technological potential, this part of the world remains extremely vulnerable to diseases, natural disasters, and state authoritarianism. On November 26, Organisation for Economic Co-operation and Development (OECD) countries have reaffirmed their commitments on aid to developing countries and undertaken to abstain from trade protectionism, as part of a concerted drive to shore up the world economy and combat recession. OCDE: Greece – Aid at a Glance Chart &  Updated [25 November 2008] Donor Aid Charts (2006-2007) & Official Development Assistance by Donor & Debt Relief is down: Other ODA rises slightly  Secretariat General of Information: About Brand Greece – Economic Diplomacy and International Development Aid

The Greek Economy: Pointers

(GREEK NEWS AGENDA)     According to the 2007/2008 UN Human Development report, Greece ranks 24th out of 177 countries (Greece – Data; Greece – Fact sheet).  Greece belongs to the OECD family of developed nations, enjoys economic stability consolidated by membership of the European Union/Eurozone and its growth rate is above EU average.  Greece has a brand new modern infrastructure network and services, well-developed human resources (highly productive, well-trained and educated workforce, and one of the lowest labour costs in the EU) and is an important centre of business, research and cultural activity. Greece   can serve as a bridge for communication with the less favoured regions of the world. She is in a position to play a leading role in southeast Europe and the eastern Mediterranean, showing the way to their economic and social reconstruction. Continue reading