Greece: at the precipice
Article Abstract:
The upcoming single European market is posing serious challenges to Greece's economic development which has been hampered in 1989 and 1990 by political instability brought on by three elections between June 1989 and April 1990. Statistics indicate that inflation could be 18% in 1990, and public sector borrowing is predicted to rise above 21.2%. While businesses have made efforts to modernize, and more Greeks support participation in the EC, Greece still faces numerous economic barriers; for instance, the country has a poor basic infrastructure ranging from limited parking facilities to limited highways. Experts believe that in order to prosper Greece will have to: create more sectors that are focused on exports; invest in light industry; and attract increased foreign investment.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1990
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Why Papandreou's policies spell Greek tragedy to business
Article Abstract:
Andreas Papandreou, the head of Greece's Socialist government since 1981, has overseen the enactment of nationalization policies in the country that many business analysts claim are little more than witch-hunts against companies owned by families with more conservative political leanings. Herakles General Cement Co.'s management was accused of defrauding its shareholders and the government of Greece of over $100 million on September 13, 1983 by the Greek Ministry of National Economy, resulting in the fourth largest company in the country becoming the property of the government. Several other examples of such handling of what the Greek government has identified as 'problematic' companies are described, and the effect on the Greek economy is discussed.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1985
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The worldwide gameplan driving Turkey's Sabanci
Article Abstract:
Haci Omer Sabanci of Turkey is the third largest textile group in the world, and a conglomerate corporation active in cement tires, food and electrical products, banking, and insurance. Sabanci has formed joint ventures with E.I. Du Pont de Nemours and Bekaert N.V., and took over the Swiss textile company Hefti in 1986. Sabanci's total 1985 turnover is estimated to have been $2.67 billion. The history of the once family-owned, still-private conglomerate is detailed from the 1940s forward. The conglomerate's current domestic and international operations are described.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1987
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