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GREEK ACCOMPLISHMENTS : Business and Economy

500 Greek companies will be selling over the Internet - By the end of 1999, sales in Greece over the internet will have reached 1.3 billion GRD (US$450 million), with over 500 companies moving to electronic commerce compared to 120 companies at the end of 1998. (in Greek) (Added: 3-May-1999 Hits: 162 Rating: 10.00 Votes: 1) Rate It

Folli Follie earnings rose by 60% - Folli-Follie, Greek jewellery maker, announced that its first half pre tax earnings rose around 60 percent year-on-year to nearly 1.0 billion drachmas on sales growth of 41 percent to 3.405 billion.
Exports grew 55 percent year-on-year to 2.065 billion drachmas in the first half, accounting for 61 percent of sales.
The company reiterated its forecast of 40 percent growth in full-year results, projecting pre tax earnings of 3.0 billion drachmas on turnover of more than 10 billion. It also announced the operation of a new store in London's Regent Street. (Added: 17-Jul-1999 Hits: 134 Rating: 5.50 Votes: 2) Rate It

Gold discovered in Greece - Large resources of GOLD were recently discovered in Northern Greece, making our country the largest producer of gold in Europe, ahead of currently first Spain. Production will start in 2001, in time to make the Athens2004 Olympic Gold metals out of Greek gold. (Added: 11-May-1999 Hits: 207 Rating: 8.50 Votes: 4) Rate It

Greece is among the top 25 Developed Countries - Greece is among the 25 most developed countries in the world. This is the group that is also known as the First World, high-income countries, or the Notrh, industrial countries. The 25 most developed countries are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Israel, Italy, Japan, Luxemburg, Monaco, Netherlands, NZ, Norway, Portugal, Spain, Sweden, Switzerland, UK, US. (Added: 14-Mar-1999 Hits: 323 Rating: 7.17 Votes: 6) Rate It

Greece Renders 10-Mln-Dollar Loan to Russian Region - The Greek government has allocated ten million US dollars to Russia's westernmost Kaliningrad region for the implementation of mutual cooperation projects. The funds will be used to purchase various merchandise in Greece, as well as to implement investment projects, develop tourism and banking services. Among the biggest investment projects are overhauling and expanding production capacities of the local distillery, setting up production of Greek wines and cognac, establishing a tobacco factory. (Added: 18-Mar-1999 Hits: 63 Rating: 0 Votes: 0) Rate It

Greek Multinational Corporations - Which productive Greek companies show greatest success, creating factories and make a strong difference by expanding their businesses in different parts of the world. Hellenic industries and corporations. (Added: 27-Feb-1999 Hits: 261 Rating: 0 Votes: 0) Rate It

Greek ship owners go ... shopping - Buying and selling of used ships has always been the "lucky star" of hellenic shipping, that bought ships when the market was at a limit, only to resell or use them when the market re-opened and demanded available capacity. Who buys (and what kind of) ships during periods of recession. (In Greek) (Added: 3-May-1999 Hits: 113 Rating: 10.00 Votes: 1) Rate It

Greeks Scrambling for a Ride on Skyrocketing Stock Market - Greece's booming market has an odd blood line, born out of fiscal clutter. Once the economic backwater of the EU, Greece has earned applause from influential observers, including Moody's Investors Service. And the stock market -- especially the banking sector -- sprang to life last year. Nearly 1 million Greeks -- about one-tenth of the population -- are believed to own shares. A decade ago, investing in the market was virtually unknown outside an elite circle. More than 100 companies are awaiting regulatory approval to join the nearly 300 listed firms. (Added: 18-Mar-1999 Hits: 99 Rating: 10.00 Votes: 1) Rate It

Hellenic Merchant Fleet - Hellenic Shipping today, including all Hellenic owned ships under foreign flag, is the world leader with a fleet of 3.246 ships of all types (over 1000 grit) totalling 75.156.763 gross tons, which covers the 16% of the world capacity. On the other hand, Hellenic flagged ships only total 8% of the world tonnage, which ranks Hellas in the third place among the leading shipping countries world-wide. (Added: 14-Mar-1999 Hits: 143 Rating: 10.00 Votes: 1) Rate It

Inflation is down to 2.8% -the lowest in 30 years! - The century that is now ending finds a Greece much bigger, much stronger, much wealthier, and much more respected than the Greece it had inherited. (Added: 11-May-1999 Hits: 111 Rating: 4.00 Votes: 3) Rate It

OTE's Hellascom shows profits world-wide - 1999 has been a good year for Hellascom, owned primarily by Greece's OTE and offers telecommunication services in Central and Eastern Europe. Hellascom was careful with its investments in Serbia as well as Russia, and also expanded to the Middle East. The company is installing 6,000 card-phones in Jordan, 4,500 card-phones in Yemen, and is on a very good way to install 50,000 card-phones in Saudi Arabia. The company is looking into several other developing markets. (Added: 3-May-1999 Hits: 80 Rating: 0 Votes: 0) Rate It

Porcel expands in Romanian market - Greek Company Porcel won an outcry auction for 47.2 percent in Romanian porcelain maker Iris and will sign a contract to acquire the stake. (Added: 5-Mar-1999 Hits: 69 Rating: 0 Votes: 0) Rate It

State OTE now owns 35 pct of Rom Telecom - Hellenic Telecommunications Organisation (OTE), a heavily traded stock on the Athens Stock Exchange, now owns 35 percent of Rom Telecom and has 51 percent of voting rights. (Added: 5-Mar-1999 Hits: 86 Rating: 0 Votes: 0) Rate It