The currency of money in Greece since January 2002 is the euro, which replaced the drachma.The preparation for the Olympic Games of 2004 gave an impulse to the Greek economy. In the last years, the country faced a severe … Low 32F. Updated: January 12, 2021 @ 5:08 pm Lee Shearer @LeeShearer Saturday Mar 21, 2020 at 2:25 PM ... said Executive Director Paul Cramer — ominous news … The economy also returned to growth, at 1.5 per cent in 2017, an estimated 2.1 per cent in 2018 and an IMF forecast of 2.4 per cent in 2019.But GDP fell 26 per cent between 2007 and 2014. Cloudy early with some clearing expected late. Winds light and variable. Winds light and variable.. Tonight. The AEDC board voted, Tuesday, to contract with ED Suite for the remodeling job. It reflects the characteristics of today's Athens, a metropolis where the elegance of its most ancient monuments and the untidy planning boom, is sided with linear modern infrastructures. Greek economy may contract 11% percent in 2020, central bank says The Economic Times 12:56 14-Dec-20 Greek State Firms Plan $786 Million in Green, Tech … Cloudy early with some clearing expected late. Athens, TX (75751) Today. Describing the Greek economy these days as a phoenix ascendant from the ashes of crisis is, given the country involved, an apt metaphor. Greece’s economic freedom score is 59.9, making its economy the 100th freest in the 2020 Index. Yet it may be too early to mythologise the Greek economy. Although the economy of Greece had improved in recent decades due to industrial development and tourism, the country is getting out of a large and severe economic crisis. Low 32F. AEDC Executive Director Joanie Ahlers said ED Suite developed the current website, which was implemented about two-and-a … Virus taking devastating toll on Athens economy . Athens lies 5 miles (8 km) from the Bay of Phaleron, an inlet of the Aegean (Aigaíon) Sea where Piraeus (Piraiévs), the port of Athens, is situated, in a mountain-girt arid basin divided north-south by a line of hills. The Greek Economy vs. Other European Countries The adoption of the euro only highlighted the competitiveness gap as it made German goods and services relatively cheaper than those in … By 2013, the economy had contracted 26%, compared with the pre-crisis level of 2007. The Greek economy averaged growth of about 4% per year between 2003 and 2007, but the economy went into recession in 2009 as a result of the world financial crisis, tightening credit conditions, and Athens' failure to address a growing budget deficit. The Athens Economic Development Corporation website is due for a major overhaul. ATHENS — Greece’s decade-long economic crisis has taken a heavy toll: Hundreds of thousands of jobs were lost, incomes were slashed and taxes … Greater Athens has an area of 165 square miles (427 square km).