We offer Greece real estate investment information for Athens, Alexandroupolis, Kavala, Thessaloniki, Volos, Chalkis, Lavrion, Patral, Elefsis, Lgoumenitsa, Kerkyra and the Islands of Crete, Rhodes, Kos, Naxos Chios, Lesvos and Limnos. Scroll down for more information about Greece.

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About Greece

Greece Population: 10,647,529 (July 2004 est.)
Languages: Greek 99% (official), English, French
Capital: Athens
Government Type: Parliamentary republic; monarchy rejected by referendum 8 December 1974
Independence Day: 1829 (from the Ottoman Empire), Independence Day, 25 March (1821).
Legal System: Based on codified Roman law; judiciary divided into civil, criminal, and administrative courts.
Currency: euro (EUR)

Executive Branch:

Chief of State: President Konstandinos (Kostis) STEPHANOPOULOS (since 10 March 1995).

Head of Government: Prime Minister Konstandinos KARAMANLIS (since NA March 2004).

American Embassy: 91 Vasilissis Sophias Avenue, 10160 Athens
Mailing Address: PSC 108, APO AE 09842-0108
Telephone: [30] (210) 721-2951 FAX: [30] (210) 645-6282

General Overview: Greece achieved its independence from the Ottoman Empire in 1829. During the second half of the 19th century and the first half of the 20th century, it gradually added neighboring islands and territories, most with Greek-speaking populations. In World War II, Greece was first invaded by Italy (1940) and subsequently occupied by Germany (1941-44); fighting endured in a protracted civil war between royalist supporters of the king and communist rebels. Following the latter's defeat in 1949, Greece was able to join NATO in 1952. A military dictatorship, which in 1967 suspended many political liberties and forced the king to flee the country, lasted seven years. The 1974 democratic elections and a referendum created a parliamentary republic and abolished the monarchy. Greece joined the European Community or EC in 1981 (which became the EU in 1992); it became the 12th member of the euro zone in 2001.

Economic Overview: Greece has a mixed capitalist economy with the public sector accounting for half of GDP and with per capita GDP 70% of the leading euro-zone economies. Tourism provides 15% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in menial jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of GDP. The Greek economy grew by 4.0% in 2003 and is expected to grow by 4.2% in 2004, the year that Athens will host the 2004 Olympic Games. Remaining challenges include the reduction of the public debt, inflation, and unemployment; and further restructuring of the economy, including privatizing several state enterprises, undertaking pension and other reforms, and minimizing bureaucratic inefficiencies.

International Disputes: Greece and Turkey have resumed discussions to resolve their complex maritime, air, territorial, and boundary disputes in the Aegean Sea; Cyprus question with Turkey; dispute with The Former Yugoslav Republic of Macedonia over its name.