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The Greek Economy

The Greek Economy. Dynamic progress. Great potential. Dynamic Economy. Dynamic Economy. Rapid deficit reduction. 7 ,3%. •. 5,1%. •. 2,7%. 2,5%. •. •. 1,6%. •. Dynamic Economy. Source: Greek budget 2008. Dynamic Economy. Significant debt reduction. 98 , 6%. •. 98,0 %. •.

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The Greek Economy

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  1. The Greek Economy Dynamic progress Great potential

  2. Dynamic Economy

  3. Dynamic Economy Rapid deficit reduction

  4. 7,3% • 5,1% • 2,7% 2,5% • • 1,6% • Dynamic Economy Source: Greek budget 2008

  5. Dynamic Economy Significant debt reduction

  6. 98,6% • 98,0% • 95,3% • 93,4% • 91,0% • Dynamic Economy Source: Greek budget 2008

  7. Dynamic Economy Strong growth

  8. 4,3% 4,1% • 4,0% • 3,7% • • 2,8% 2,6% • • 2,2% • 1,5% • Dynamic Economy Greece Eurozone Source : Greek budget 2008 and European Commission

  9. Dynamic Economy Falling unemployment

  10. 10,5% • 9,8% • 9,3% • 8,3% • 7,4% • Dynamic Economy Source: Greek budget 2008

  11. Dynamic Economy Increasing investment

  12. 4275 • 1692 • 1130 • 488 • Establishing a Dynamic Economy Source:Bank of Greece

  13. Dynamic Economy Rising exports

  14. 16,6 • 14 • 12,9 • 12,4 12,1 12 • • • Dynamic Economy Source: National Statistical Service of Greece

  15. Broad reform agenda

  16. Broad Reform Agenda Tax reform

  17. 35% • 32% • 29% • 25% 25% 24% • • • 22% • 20% • Reforming the Economy and the Society S.A. & Ltd Small businesses

  18. Broad Reform Agenda Investment Incentives Law

  19. Broad Reform Agenda Since the enactment of the law in 2005 more than 4.000 private investment projects worth €8,8 bnhave been approved and are expected to createmore than 21.000 new jobs

  20. Broad Reform Agenda Public Private Partnerships

  21. Broad Reform Agenda 34 projects valued at€4 bn euros have alreadybeen approved in the context of the new framework for Public-Private Partnerships in Greece.

  22. Broad Reform Agenda

  23. Broad Reform Agenda New Privatization Agenda

  24. Broad Reform Agenda Total revenues from privatizations in the 2004 – 2007 period reached €6,2 bn 75% of whichoriginated from foreign capital

  25. Broad Reform Agenda New exports policy

  26. Broad Reform Agenda

  27. Broad Reform Agenda Effective use of EU funds

  28. Broad Reform Agenda • Greece tripled the absorption of structural funds from the 3rd Community Support Framework in less than four years (2004-2007) • Launched the National Strategic Reference Framework (NSRF) - the 1st to be approved among the EU15 • Secured 24.3bn euros for the period 2007-2013 • Plans to allocate almost 40bn euros to NSRF projects – 80% of which will be allocated to Greek regions targeting regional development

  29. Greece as the Gateway to Southeastern Europe

  30. Greece: The Gateway to SE Europe

  31. Greece: The Gateway to SE Europe

  32. Greece: The Gateway to SE Europe

  33. Greece: The Gateway to SE Europe

  34. Greece is the locomotive of economic expansion in the region

  35. The Greek Economy Dynamic progress Great potential

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