x

Economy

IOBE: Greek-German Economic Ties Strengthened in 2020-2021

ATHENS – Greek-German economic ties strengthened during the last two years despite the challenges and the turmoil caused by the pandemic in 2020, with economic relations rising in 2021, gradually returning to normality, a report by the Foundation for Economic and Industrial Research IOBE said on Wednesday.

The report, conducted for the Greek-German Chamber of Commerce and Industry, said that amid the pandemic crisis Germany preserved and in several cases enhanced its position as one of the biggest trade and investment parters of Greece. The report said that the accumulated contribution of members of the Greek-German Chamber on the Greek economy is estimated at 3.9% of GDP (6.4 billion euros), up from 3.3% of GDP in 2019.

Greek Deputy Foreign Minister Costas Fragogiannis, addressing the event during which the report was presented, referred to the prospects of further boosting the already strong Greek-German trade and investment relations.

Constantinos Maragos, president of the Chamber, addressing the event said one of the main characteristics of the German investment footprint on the Greek economy was its multi-dimensional nature.

Professor Nikos Vettas, managing director of IOBE, stressed that both German investments in Greece and Greek exports to Germany were critical to the Greek economy because of their medium- and long-term nature.

RELATED

ATHENS - Prime Minister Kyriakos Mitsotakis addressing the new Cabinet at a meeting held in the Maximos Mansion on Saturday, said that he chose this first meeting after the elections to coincide with the government reshuffle "in order to send an overall message of dynamic restart because June 9 was a landmark in our up to date course but also a new start for the next three years of our term" .

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

1 of 2 Abducted Louisiana Children is Found Dead in Mississippi after Their Mother is Killed

JACKSON, Miss. (AP) — A Louisiana woman was found dead in her home Thursday, and her two young daughters were abducted and found hours later in Mississippi — one dead and the other alive, police said.

Today, I will talk about a food that I associate with summer, shellfish, as that is their ‘season’ in the Mediterranean.

THRU AUGUST 4 STOCKBRIDGE, MA – ‘Microcosms: A Solo Exhibition of Selected Works’ by Peter D.

LONDON - A second generation Greek-Cypriot in London, Georgina Hayden has used her heritage to write cookbooks showing off recipes from her homeland and her latest, Greekish, offers everything from Baklava cheesecake to Burnt Butter Eggs and Goat’s Cheese.

The two biggest wastes of time this election year are reminders that Joe Biden’s cognitive skills are in freefall and that Donald Trump’s a convicted felon.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.