Greece-based shipping companies’ remittances for 2017 near 3 bln USD

11 February 2019
614 Views

The major impact of the maritime shipping sector in Greece’s recovering economy was again confirmed this week, with figures compiled by the shipping and island policy ministry showing that total remittances of Greece-based companies in 2017 neared three billion USD.

The figure for 2017 – which only refers to remittances declared by shipping firms based in Greece, and not all sector-related revenues – was up by 6 percent over 2016’s numbers, in fact.

Nearly 14,200 people in the recession-battered country work in shipping companies’ land operations, while the total outlay for managed vessels was up in 2017 by 8 percent, to reach 1.78 billion USD.

The ministry reported that 1,387 shipping related companies operated in Greece in 2017, managing 4,353 vessels, up 4 percent from 2016.

In a related development, a study by Oxford Economics noted that for every one million euros contributed by the shipping sector the EU GDP, another 1.6 million euros in added value is created.

You may be interested

Coronavirus Greece: 2,874 new cases, 144 intubated, 15 deaths
GREECE
shares17 views
GREECE
shares17 views

Coronavirus Greece: 2,874 new cases, 144 intubated, 15 deaths

makis - Jul 28, 2021

Greek authorities announced that the new laboratory-confirmed cases of the coronavirus recorded in the last 24 hours are 2,874, of…

Odysseus’s Ithaca – Five beautiful beaches you must visit
GREECE
shares27 views
GREECE
shares27 views

Odysseus’s Ithaca – Five beautiful beaches you must visit

Panos - Jul 27, 2021

Ithaca is one of those hidden gems that Greece has to offer the inquiring traveller. The island, known as the…

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)
FINANCE
shares47 views
FINANCE
shares47 views

Turkish businessman pays €76,000 fine in Mykonos for Covid-19 violation on yacht (video)

Panos - Jul 27, 2021

A Turkish yacht owner paid a total of €76,000 for violating Covid-19 regulations in Mykonos. The businessman was fined for…

Leave a Comment

Your email address will not be published.