Exports have played a key role in Greece’s economic recovery. During the recession, exports were necessary so that Greek companies could expand beyond the country’s borders. According to the official statistical data, Greek exports have shown a slight decrease in 2014, mainly due to the economic and political developments in neighboring countries and trading partners, however, the country’s progress in the field has been significant.

Around 65% of Greek exportable products end up in EU countries, during a period of weak economic growth, where Russia imposed an embargo on European imports and countries who were traditionally linked with Greece in regards to trade, such as Balkan countries, North Africa and the Middle East are being ravaged by the recession and political crises.

Both good and bad news for the Greek business world emerged from the official data of the General Commercial Registry (GEMI) for 2014. During the previous year, a positive balance between companies forced to shut down and newly established ones was recorded.

In 2014, 33,954 new companies were established, while 30,427 companies went out of business. According to Greek daily newspaper “Kathimerini,” what essentially happened is that market shrinking possibly reached its limits, while at the same time it becomes clear there was a further limitation of sources (bank lending and equity) that could fund even a small business.

Chinese construction magnate, Yan Jiehe, is turning his gaze toward the Greek market — characterized by many as risky due to the latest stormy political and economic developments — saying that he is on the hunt for investment opportunities in Greece. 

Yan Jiehe is the founder of China’s largest private sector company by revenues and has amassed one of the country’s largest fortunes since establishing China Pacific Construction Group (CPCG) in 1995, making him China’s seventh-richest man. It should be noted that last year CPCG, which builds public infrastructure, was ranked 166th on Fortune’s list of the world’s 500 biggest companies, while last week the tycoon confirmed he is chasing local governments for unpaid bills.

An agreement between Piraeus Port Organisation (OLP) and the Chinese-owned Cosco subsidiary Piraeus Container Terminal (PCT) which was recently ratified by the Greek Parliament (end of 2014), paves the way for Cosco to proceed with the construction and  exploitation of West Pier III of the Piraeus port container terminal by PCT, the construction on behalf of OLP of a new Oil Terminal, as well as the refitting of Pier II and East Pier Container Terminal III with new machinery.

Seventeen Greek clinics, rehabilitation centres and hospitals are among the World’s Best Hospitals for 2015, as recommended by the United Nations Diplomatic Council (DC) a Think Tank serving as a bridge between diplomacy, economy and society. Each year, the Diplomatic Council awards certificates in some of its selected forums (computer software, educational material etc.).

Internationally-acclaimed Greek singer Demis Roussos died early morning on Sunday January 25, 2015. Artemios “Demis” Ventouris Roussos was born June 15, 1946 and had international hit records as a solo performer in the 1970s after having been a member of Aphrodite’s Child, a progressive rock group that also included Vangelis. He has sold over 60 million albums worldwide.

World’s most used search engine, Google, announced earlier this month the top Internet searches of its Greek users for 2014. As the company explained, the results of the research concern the year’s fastest rising searches and gives a fair image of what Greeks were interested the most, as well as the latest trends in terms of their online searches, based on the billions of queries made through Google each year.

Glossopolis is looking for people to test their services. If you'd like to learn Greek and receive reward discounts at local businesses for actually using your Greek, then get in touch with Athina Pitta (pitta@glossopolis.com) and let your linguistic trip begin!  

The University of Sydney's Nicholson Museum offers the Acropolis Museum a Lego Acropolis. The model features the Parthenon, the Temple of Athena Nike, the smaller Erechtheion temple and the site's monumental gateway, the Propylaea. The LEGO model displays the Acropolis both as it was in the fifth century BC and today, as one of Greece's most popular tourist attractions.