Shipping awaits government’s incentives to invest on Greek economy

The Greek shipping community is waiting for government’s proposal regarding the creation of an environment in Greece which will enable them to invest more proceeds from the shipping industry to the country, by opening new horizons for the shipping industry.

Shipping is Greece’s biggest industry.  Its direct contribution to the country runs to to €140bn over the last 10 years, while in the first five months of 2011 had reached €5.5bn.

In 2010 the maritime earnings were €15.418bn, representing 6.72% of the country’s domestic product. According to the Bank of Greece, the country’s receipts from shipping were high compared to other EU member states which did not exceed 1% of domestic product.

Full article, ELNAVI, Issue 454, November 2011, Page. 10

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