Greece is situated in a significant geostrategic place, which can provide a strategic link to the sizeable emerging markets of the Balkan Peninsula,
Black Sea, eastern European and eastern Mediterranean region. The aforementioned advantageous location is highlighted by the fact that one to its
cities in the North, Thessalonica, provides access and offers the financial and trading services needed in order to conduct business with the
neighboring regional markets. Throughout the years and especially after the collapse of communism, Thessalonica and Greece in General,
has become an important economical and trading center for all the new and emerging economies of the Eastern Europe.
One of the advantages of the Greek economy is its workforce. Greek workforce vis-a-vie the other European workforces have as an advantage
the fact that the cost of it is low in relation to the degree of its specialisation.

Furthermore, Greek secondary and post-secondary education is increasingly oriented towards the needs of the economy and the labour skills
and qualifications are continuously matched to changing conditions and current needs, through a variety of job training and re-training
programmes carried out at the local, regional and national level. Greek workforce is rather competitive in significant cost
intensive areas such as Human resources, Energy, Telecommunications, IT and Construction.
The sun and the sea are Greece 's principal resources and have been so since antiquity. As a result two of its main industries,
shipping and tourism, are directly related with them.
Undoubtedly, shipping is one of the most advanced domains of the Greek economy. Maritime economy was diachronically an important factor for the people that lived in the geographical area that is now known as Greece. Though, the bases of the current development of the Greek maritime economy were established in postwar Greece.
In the post war period shipping became the dream of many Greeks as it represented an opportunity to pass form humble origins to the top of society and health. In a ravaged, by the Second World and the Civil War economy, shipping became an important cause of the reconstruction and economic development that Greece witnessed during the second half of the 20th century.

Tourism is another important key industry providing a significant amount of the national GDP. The Greek Tourism Industry is characterized
by an intense seasonality of visitation with a concentration of tourism demand during the months of May
through to October as almost 50% of tourism arrivals take place during that period.
The responsible organization for tourism in Greece is The Greek National Tourism Organisation (GNTO) which is a
Public Entity (PE) supervised by the Ministry of Tourism. The GNTO was first established in 1927 and re-established in 1950
and since then it constitutes the ruling state agency for the tourism sector. According to law 3270/04
(Government Gazette 187 / A / 11.10.2004), GNTO consists of the Head Office located in Athens and the Regional Departments of Tourism.
Greece is historically a nation that lives form the economic benefits of commerce and sea. Currently, the aforementioned fact is still valid. Greece has one of the biggest fleets; it remains an eminent destination for vacations and an important merchandising centre for the emerging economies of Eastern Europe.
Kyriazis Vasileios,
Epicos Newsletter Head Editor
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