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Title: Greek exports post record


123-t - January 9, 2006 12:46 PM (GMT)
Greek exports break out of declining trend in 2005, with evenly spread rise
By Maria Sideri - Kathimerini

Greek exports climbed to an all-time high of 14 billion euros in 2005, according to projections by the Panhellenic Exporters Association (PSE). An especially encouraging development is that the rise was almost evenly spread among all markets that receive Greek products, except those of the former Yugoslavia.

PSE bases its projections on the latest available figures for the January-October 2005 period. In those 10 months, exports were up 13 percent to 11,246 million euros, from 9,956 million for the same period a year earlier. At the same time, imports increased by only 2.3 percent to 35,767 million euros.

Another encouraging development was the recovery of agricultural exports, which had been on a declining trend for some years.

Greece’s old 14 European Union partners remain strong clients, having absorbed 5,162 million euros’ worth of exports in the 10-month period, with a rise of 8.6 percent. Exports to each individual country are projected to exceed 100 million euros in 2005, except for those to Luxembourg, Ireland and, perhaps, Finland. Greece’s five best customer countries are Germany, with 1,397 million euros; Italy, with 1,152 million; the UK, with 786.6 million; France, with 489 million; and Spain, with 401 million euros.

Exports to the 25-member EU totaled 6,001 million euros, up 9.1 percent. Those to the 10 new members reached 839 million, against 754 million a year earlier, with Cyprus accounting for the lion’s share of 567 million euros. Imports from the enlargement countries also rose to the level of exports, totaling 834 million euros.

Among the fellow member states of the Organization for Economic Cooperation and Development (OECD), exports continued strongly rising to Turkey (29 percent) and the USA (10.1 percent), to which they are projected to exceed 700 million euros in both cases for the whole of 2005.

The strongest rise in Greek exports was to the Middle East and North Africa region (33.3 percent). Exports more than doubled to Syria (124 million euros) and the United Arab Emirates (177 million).

Exports to the constituent members of the former USSR were up 4.8 percent, but those to the countries of the former Yugoslavia fell sharply, mainly due a 56.7 percent decline for Serbia-Montenegro.

There were significant increases to the value of the rather limited exports to SE Asia (57.9 percent) and Latin America (35.8 percent). To the rest of the world, they more than doubled (106.1 percent).

PSE argues that this latter figure shows an improvement of the dispersion of exports among the smaller countries on all continents. Finally, exports to China and India reached 26.9 million and 65.5 million euros respectively (increases of 49.9 and 46.2 percent).

Industrial products outstripped other exports, with a 7.3 percent increase to 7,052 million products, or 62.7 percent of the total. Farm product exports rose 24 percent to 2,348 million euros, with improvements in all three main categories: foodstuffs and live animals (15.8 percent), beverages and tobacco (17.6 percent) and oils and fats (144.8 percent). Farm products accounted for 20.9 percent of all exports.

According to other PSE figures, Greece’s main competitors as regards industrial exports to the rest of the EU are Turkey and Germany, and as regards farm exports, Spain and Italy.


http://www.ekathimerini.com/4dcgi/_w_artic...9/01/2006_64938

123-t - January 13, 2006 04:56 PM (GMT)
State to make sustained effort to promote exports
Campaigns to target big markets; trade board will coordinate events
The state will make a concerted effort to promote Greek exports in 2006 through the Hellenic External Trade Board (HETB), the revamped state agency for export promotion, Economy and Finance Minister Giorgos Alogoskoufis said yesterday.

The main priorities for 2006 include targeting big markets, such as China’s, and a renewed advertising campaign abroad, Alogoskoufis said in presenting the government’s action plan on exports for 2006.

Alogoskoufis presented data showing that, during the first 10 months of 2005, exports increased 12.8 percent, compared to the same period last year. The figure prompted Vasso Papandreou, a former minister and current head of the economic policy unit of the opposition Panhellenic Socialist Movement (PASOK) to counter that the increase is mostly due to certain outside factors and that exports of goods actually declined by over 4 percent during the first half of the year.

“It is a positive development that the economy and finance minister, almost two years into the government’s term, has decided to occupy himself with the Hellenic External Trade Board’s action plan. It is, however, irresponsible on his part to try and mislead the Greek people on the results of the government’s policy,” she said.

Papandreou went on to quote a report by the Center for Planning and Economic Research (KEPE) which says that “the improvement of exports in the first half of 2005 is due mostly to the big increase in shipowners’ revenues from selling ships and, to a lesser extent, to the increase in the value of exported fuel.” Exports of other goods fell 4.2 percent in the first half of 2005, returning to 2003 levels.

The HETB will coordinate the actions necessary to promote Greek products abroad, Alogoskoufis said, adding that surveys have been conducted for all major markets targeted. These are the US, Canada, Germany, the UK, Southeast Europe, Poland, Russia, Turkey, Egypt, United Arab Emirates, India, China, South Korea, Japan and Australia.

Alogoskoufis presented HETB’s planned activities for 2005, which included participation at 38 major exhibitions abroad (up from 18 in 2004) and help in sending 16 business delegations abroad, when none had traveled in 2003 and 2004.

HETB has set as its target tripling the country’s presence at exhibitions and business fora abroad over the next two years. For 2006, it has scheduled participation at 60 exhibitions and sending 31 business delegations abroad.

HETB has signed up 4,000 Greek enterprises, many of them first-time exporters, to participate in next year’s activities. A special hotline has been set up to contact HETB and a series of information sessions will take place in Athens and Thessaloniki from January 23-31.

Besides the above plans, HETB will also organize business forums in Greece. In February, the second Export Managers Forum is to take place, during which an HETB study of the 500 biggest Greek exporters will be presented. In March, a congress on Greek foods and beverages will be staged. Representatives of big international distribution networks have been invited as well as journalists from six major markets.

Activities abroad include about 160 marketing events and roadshows to promote Greek products. Two special campaigns will be conducted to promote Greece’s olive oil, much of which at present is sold in bulk to Italy and Spain where local firms bottle and market it globally. One campaign, budgeted at 6 million euros, will target the US and Canada, while another will target China, where interest has been expressed in starting local olive oil production.


http://www.ekathimerini.com/4dcgi/_w_artic...3/01/2006_65124

Pytheas - January 13, 2006 05:36 PM (GMT)
Very nice indeed!! :thumbsup:

:drink:

And they say that 2006 will be even more prosperous!! :applause:

123-t - January 13, 2006 06:35 PM (GMT)
It was really time for Greece´s economy to become more competitive and extrovert.





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