Greek Construction Suffers Major Decline
- Written by Maria Athens
An analysis by the Foundation for Economic and Industrial Research (IOBE) revealed that Greek construction has experienced a major downfall.
Construction in the nation has one of the largest declines among business endeavors. The study determined that construction projects have dipped up to 80% since 2008. Of this percent, over a third of the economic reduction between 2008 to 2013 in the nation, relates to an investment decrease in the sector.
Construction jobs have decreased by approximately 50% in the last five years. In 2013, 287,000 individuals were employed in the field, while in 2008, 589,000 workers were active, as reported by Kathimerini from the study.
Related items
-
The 22nd Annual Capital Link Invest in Greece Forum: "Greece – Looking Ahead With Confidence"
-
Ankara did not like the EU sanctions resolution
-
Greece ranks 5th in top tourism brands
-
Number of American students studying in Greece shows steady rise, according to institute data
-
Tourism Min Theoharis presents Greece's initiatives at WTM