Greek shipping continues to boost coffers

Greek shipping continues to boost coffers: UGS

Despite an economic landscape offering few investment incentives, receipts from shipping boosted Greek coffers by an estimated $18.6bn in 2018. That is 14.89% more than in 2017.

The income rose as Greece exited its European Stability Mechanism programme and some limited economic growth took hold, though significant vulnerabilities remain. Exports in 2018 grew 15.7% to $37.43bn. Industrial production picked up between 2015-2017, reaching a 4.5% growth rate in 2017 but slowed again to 1% in 2018.

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Source: seatrade-maritime.com

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