Greece

Location: Greece is located in Southern Europe bordering the Ionian Sea, and the Mediterranean Sea, between Albania and Turkey. It is in a strategic location dominating the Aegean Sea and the southern entrance to the Turkish Straits. It is a peninsular country, possessing an archipelago of about 3,000 islands.

Climate: Mediterranean climate with mild wet winters and hot, dry summers. Snowfalls do occur occasionally during the winter.

Natural Hazards: Severe earthquakes, droughts, wildfires.

Currency: EURO

Sources: Hellenic Association of Insurance Companies
Bank of Greece

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Greece FY2017 Market Portfolio

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Chinese groups renew interest in Greek insurance sale

Two Chinese groups have renewed their interest in buying a majority stake in National Insurance, Greece's largest insurer, after a EUR 718m sale agreed with Calamos-Exin, a US-Dutch partnership, collapsed last month. Fosun Investment and Gonbao Investment, the second- and third-ranked bidders, "have returned to the reopened sale process" said one source close to the situation.

Uber Suspended in Greece by New Legislation

One more fight has been won by cab companies, this time in Greece, where a new piece of legislation that might push car-sharing service Uber out of existence in the country has been adopted.

Fairfield: We are still in the race for Ethniki

Exin is "close" to being in a position to make a fully financed bid for Greek state-owned insurer Ethniki and still has a superior value proposition to the Chinese bidders lining up to challenge it, the group's CEO Matt Fairfield has told The Insurance Insider.

Ethniki bid process re-opened after Exin falls short

Exin has lost exclusivity in the race to buy Greek state-owned insurer Ethniki and will now have to fight off competition from Chinese bidders including Fosun, The Insurance Insider understands.