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Athens Macedonian News Agency: News in English, 13-01-08
CONTENTS
[01] Shipping can help Greece exit the crisis, think-tank says
[01] Shipping can help Greece exit the crisis, think-tank says
AMNA -- The leading role of Greek shipping globally is an advantage
Greece should use to help it exit the crisis, according to a report
released Tuesday by the Foundation for Economic & Industrial Research
(IOBE).
"Tahoma","sans-serif";mso-fareast-font-family:"Times New
Roman";color:#0F1419; In its special report, the think-tank said that
Greek shipowners control more than 4,065 freighters, the majority of
which are oceangoing vessels. Most Greek-owned vessels are registered
under foreign flags, it said, and over 52 pct of shipping companies
listed in the NYSE and NASDAQ are owned by Greek nationals.amna
"Tahoma","sans-serif";mso-fareast-font-family:"Times New
Roman";color:#0F1419; Water transport contributed over 4 pct of the
Greek economy's gross value added, with the largest share held by
oceangoing shipping. The sector is second to that of real estate in
terms of value added per employee.amna mso-fareast-font-family:"Times
New Roman";color:#0F1419;mso-ansi-language:EN-US; IOBE warned that "An
abrupt – and without due care – change of the taxation regime in the
shipping sector may lead to reduction of the economic activity in the
sector and across the economy, significant job losses and even lower net
tax revenues," as maritime shipping contributed directly and indirectly
more than €790 million of tax revenues in 2008, and it called for
political and economic stability, the independence of the sector from
the electoral cycle, and the adoption of a strategic development plan
with a broad political and social support.
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