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Tuesday 20 May 2014

Olive Oil, Honey Could Help Lift Greece Out of Recession.

http://www.bloomberg.com/news/2014-05-19/greece-looks-to-fish-roe-honey-to-help-fuel-exit-from-recession.html

Greek Prime Minister Antonis Samaras is calling on manufacturers of traditional foods and beverages, from fish-roe producers to honey makers, to play a bigger role in transforming the country into an export economy.
Greek Prime Minister Antonis Samaras is calling on manufacturers of traditional foods and beverages, from fish-roe producers to honey makers, to play a bigger role in transforming the country into an export economy.
Today, 200 large companies account for 85 percent of production while 17,000 small and medium-sized companies have huge potential.”
Greece’s economy contracted at its slowest pace in four years in the first quarter, the Hellenic Statistical Authority said May 15. The European Commission forecasts that Greek GDP will grow 0.6 percent this year, its first annual expansion since 2007.

Export Shift

Some food producers like olive-oil and flame-roasted red pepper maker Gaea Products SA started business by only focusing abroad while others have used exports to offset the shortfall in Greek sales. “Survival depends on successfully exporting the best products of Greek Mother Earth,” Chief Executive Officer Aris Kefalogiannis said in an interview. 

Greek Orthodox Priest Dimitris Vlasopoulos collects olives from a canvas tarp in Kalo Pedi village, about 335 kilometers (210 miles) west of Athens, Greece. (AP Photo/Petros Giannakouris)

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