x

Economy

Bilateral Trade between Greece-Egypt up 300%

ATHENS — Bilateral trade between Greece and Egypt quadrupled during the period 2009-2019, showing an increase of up to 300 pct, which is mainly due to the increase in Greek exports (+380.2 pct) as well as to the positive course of Egyptian exports (+236.7 pct), according to a recent study presented by the Office of Economic and Commercial Affairs of the Greek Embassy in Cairo.

The report even pointed out that 2018 was a record year for the bilateral trade volume of the two countries.

At the same time, Egypt ranks 12th among the main recipients of Greek export products, absorbing 2.8 pct of total Greek exports, while it ranks 19th among suppliers in Greece, with a share of 1.5 pct of total Greek imports.

Based on the value of the main categories of exported products, there was an increase in Greek exports of cotton, apples, pears, quinces, cigarettes and cigars, insecticides and herbicides, household items, plastics, apricots, cherries, peaches, plums, strawberries, raspberries, blackberries, blackcurrants, etc.

The value of Greek exports to Egypt in 2019 amounted to 1.027 billion dollars (compared to 1.005 billion dollars in 2018) appearing slightly increased by 2.1 pct compared to 2018.

Finally, Greek investments are found mainly in the sectors of paper, cement, oil, construction, food, paint, building materials, irrigation systems, aluminium, banking, maritime and air transport, education services and information technology.

RELATED

ATHENS - The Greek stock market concluded a positive two-month period (+10.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Truck Driver Pulled to Safety After Crash Leaves Vehicle Dangling over Bridge Across Ohio River

LOUISVILLE, Ky. (AP) — The driver of a semi-truck was pulled to safety Friday by firefighters following a crash that left the vehicle dangling over a bridge across the Ohio River.

NICOSIA - With Turkey already hunting for energy in parts of Cyprus’ offshore Exclusive Economic Zone (EEZ) it doesn’t recognize, the Greek-Cypriot government said Turkey didn’t have the right to allow a university research boat to conduct research in those waters.

ATHENS - A move by the ruling New Democracy government to allow private colleges in Greece has drawn interest from 10 top international schools, Education Minister Kyriakos Pierrarakakis said ahead of a vote in Parliament.

ATHENS - While there’s been an easing of tensions between the countries, Turkey said that Greece’s positioning of troops on some Aegean islands near Turkey’s coast violates peace treaties and said their sovereignty could be challenged.

ATHENS - Unsatisfied with American terms to limit how new F-16 fighter jets sold to Turkey could be used, Greece’s major opposition SYRIZA said the New Democracy government should give lawmakers more details on safeguards.