ECONOMY OF GREECE. • Natural Resources • Manufacturing areas • Land use • Major occupations • The currency. Natural Resources.
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ECONOMY OF GREECE
• Natural Resources• Manufacturing areas
• Land use• Major occupations
• The currency
copper, needed for the manufacture of bronze, is in abundance in Greece. The maincenter of productionhasbecomeEuboea Island. In Greece, thereisalsodeposits of iron, but nowhereis high value.
Among the preciousmetalssilveroccupies the first place. In the seventh and sixthcenturies BC miningcenter of the islandwereTasos and Sifnos. Incomederived from theseminesspent on treasuryat Delphi.
Evenmorepreciousthansilverbecause of the role played in the art of Greek was clayserves not only for makingbricks, but primarily for the production of ceramics, in which Greece hasachieved a high level of artistry.
Rocks of whichcreatedmanybuildings in Greece wereplenty of in the vicinity. Athenianhouseswerebuilt of hard limestonemined from nearbylands, the houses on Delos built of granitestonesourceddirectly from the island. Even the construction of templesavoiding transport of the material. In Olympia, the temple of Zeus was built of locallimestone.
Manufacturing accounts for about 14 percent of the Gross domestic product. In 2000 the manufacturing sector increased modestly. During the 1990s, the most important and profitable sectors have been (in order) foodstuffs, textiles, chemicals, and nonmetallic minerals.
Greece is a country where industry is blossoming, and investors have noticed the potential for significant business opportunity and profit. Therefore, Greece has attracted both domestic and world industries, developing into one of the most up-and-coming industrial countries.
Greece is an abundance of manufacturing and producing companies, many of which specialize in the country's main products and services. Greece is the country with the most sun exposure in Europe, consequently leading to the use of solar power and the
development of the Greek solar water heaters market.
Mytilene is the island where Ouzo, the famous drink of Greece, is made, and where the best Ouzo production companies are located.
A Greek industry that has been rapidly growing is the heavy duty stainless-steel
kitchen equipment industry, with many distinguished manufacturers that are constantly
gaining world-wide acknowledgement for their high product quality.
Greek agriculture is based on small-sized, family-owned dispersed units, while the extent of cooperative organization stays atlow comparative levels. Greece's agricultural sector suffers from a lack of many natural resources. Approximately 70 percentof the land cannot be cultivated because of poor soil or because it is covered by forests.
Agriculture is centered in the plains of Thessaly, Macedonia, and Thrace, where corn, wheat, barley, sugar beets,cotton, and tobacco are harvested.
Greece is still a major EU producer of cotton and tobacco.Grapes, melons, tomatoes, peaches, and oranges are also popular EU exports.In 2010, Greece was the European Union's largest producer of cotton and ranked second in the production of rice andolives , third in the production of figs tomatoes and water melons and fourth in the production of tobacco
Given Greece's vast coastline and its numerous islands, it is natural that a fishing industry exists.Over-fishing has lessenedthe impact of fishing revenues on the economy. Pollution in the Mediterranean has also damaged the industry.In 2007, Greece accounted for 19% of the EU's fishing haul in the Mediterranean sea, ranked third with 85,493 tons,and ranked first in the number of fishing vessels in the Mediterranean between European Union members.Additionally, the country ranked 11th in the EU in total quantity of fish caught, with 87,461 tons.
Currency in ancient Greece
Before600 B.C. there was no anycurrency. Soatfirst in ancient Greece there was the trade system. Aboutone hundredyearslatereachcity - statehasowncoins. In Athenstherewas Drachma. 1/100 part of drachma was lepta.
First currency in modern Greece
First official currency in modern Greece was phoenix. It was introduced by governor JoanisKapodistrias in 1828. The name of this currency come from legendary bird, the pheonix, which is reborn from ashes the same as Greece.
In January 2002 Greece, which is already in the European Union changed currency for Euro. Greek Euro is different than other Euros. On the banknotes there are word "euro" in greek language. In most country, where is Euro there are also Euro cents but Greece is exception, and 1 euro included 100 lepta the same like in previous currency.