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Business File | Main Story

article thumbnailGreece’s tourism sector looks to tackle the downturn

George Hatzidakis

Greece’s key tourism sector, which accounts for about one-fifth of the economy, is beset with structural problems.
+ Full Story

Business File | Selected Articles

In this issue we introduce a new section about the “Greek spirit”; in our first article, we examine the definition of philotimo, “a mixture of shame culture and guilt culture”.

Greece’s new PASOK government needs to urgently proceed with essential economic reforms after it emerged that ballooning budget deficit and debt levels are far worse than previously feared.

The new PASOK government has said it will make ‘green’ issues a priority and has ambitious plans that will soon be put to the test.

Exclusive interview with Yannis Stournaras Research Director of IOBE, the Greek Foundation for Economic Industrial Research.

Business File Newsletter

The European Union last month lifted the visa requirement for citizens of Serbia, Montenegro and the Former Yugoslav Republic of Macedonia for stays of up to 90 days.

Greece fell 13 places in Transparency International's latest annual corruption perceptions index - its steepest ever decline - to come in behind Turkey and all the other eurozone member-states.

Romania's incumbent president headed the poll after the first-round vote on Nov 22 but was set to lose a run-off vote after parties supporting his two main rivals formed an alliance against him.

Greece revised its 2010 budget deficit target from 9.3 per cent to 9.1 per cent of gross domestic product amid indications the economy shrank marginally less than feared last year.

Albania's finance ministry forecasts the economy will expand by around 6 per cent this year and return to the sustained high growth rates of the past decade.

The European Bank for Reconstruction and Development will focus on financing transport, energy, environmental and local government projects in Albania, according to a draft of its latest strategy.

Cyprus has avoided the worst effects of the financial crisis but credit risks are still high and measures are needed to strengthen the banking system against future shocks, according to a report by the International Monetary Fund.

Albania's opposition Socialist party has renewed its pledge to stay out of parliament until the conservative government agrees to open disputed ballot boxes from last June's election.

Russia has signed transit agreements with five European countries along the proposed route of the South Stream project to bring natural gas across the Black Sea and through the Balkans to Italy and central Europe.

Key EU posts for Greece, Romania; Bulgarian deputy minister resigns; Montenegro seeks IMF loan; Greek recession deeper than forecast; Foreign banks back Romania; NBG reports third-quarter results; Bulgaria gains access to EU funds; Greece set to liberalise closed-shops; New terminal opens at Istanbul’s second airport; Kosovo revamps power tender; Aegean Airlines boosts nine-month profits

Featured Books

MAGICAL GREECE Details MAGICAL GREECE
"Wherever I go, Greece wounds me", the Nobel-prize-winning poet George Seferis wrote. Andreas Smaragdis’ photos serve as a balm to that wound, by preserving an image of a beloved landscape and offering a hint of what the photographer calls “the ecstasy of place.”

CALENDAR 2009: FOUR SEASONS Details CALENDAR 2009: FOUR SEASONS
A beautiful calendar… for all seasons. Week by week, page by page we dream together with wonderful pictures. We plan special weekends, escapes or our vacation away from everyday obligations. Some of the most beautiful parts of Greece, seen through the eyes of two Greek awarded photographers.

MANAGING EMPLOYMENT RELATIONS IN GREECE Details MANAGING EMPLOYMENT RELATIONS IN GREECE
A guide for foreign managers.

THE HOTEL GRANDE BRETAGNE Details THE HOTEL GRANDE BRETAGNE
Α great book that describes the history of the legendary Greek Hotel "Grande Bretagne". In the case of the Grande Bretagne the recourse to history reflects a continuity that few Greek companies of any kind can show.

MAGICAL GREECE Details MAGICAL GREECE
"Wherever I go, Greece wounds me", the Nobel-prize-winning poet George Seferis wrote. Andreas Smaragdis’ photos serve as a balm to that wound, by preserving an image of a beloved landscape and offering a hint of what the photographer calls “the ecstasy of place.”

GREECE AFTER 2006 Details GREECE AFTER 2006
In recent years, the Greek economy has achieved one of the highest growth rates of GDP in the EU-fuelled mainly by the Third Community Structural Funds and the infrastructure projects relating to the Athens 2004 Olympic Games. The question now arises whether the Greek economy has built up enough momentum to sustain growth at a similar pace, especially once EU funds run out.

Book Excerpt

deliciousyear.jpg

24 RECIPES FOR 2010

From the 2010 Calendar by Kerkyra Publications,
The Delicious Year: An exploration of tastes
through the months
,
here are twenty four recipes of savory dishes and desserts for every season.
Read more

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