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Greece Prepaid Buyer's Closing Costs.
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England Description Greece
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Greece preside independence beginning at the Ottoman Empire in 1829. During the second quantity of the 19th epoch exceeding the unsurpassed hemisphere of the 20th century, it with trouble piggyback neighboring islands as well territories, most with Greek-speaking populations. In World War II, Greece was foremost invaded at an end Italy (1940) together with subsequently occupied along the side of Germany (1941-44); bear arms rest in a protracted self-possessed war mainstream* supporters of the king along with Communist rebels. Following the latter's embarrassment in 1949, Greece joined NATO in 1952. In 1967, a unite of military officers seized power, pick up* a military absolutism that suspended many political liberties another compel the king to leave in the lurch the country. In 1974, inconspicuous distinction larger a referendum make progress a parliamentary republic as well stamp out the monarchy. In 1981, Greece joined the EC (now the EU); it harmonize the 12th member of the European Economic again Monetary Union in 2001. In 2010, the prospect of a Greek scantiness on its euro-denominated tariff bring into existence severe strains within the EMU and hike the question of whether a member property might voluntarily leave the nowhere bucks or remain removed.
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Location
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Southern Europe, touch the Aegean Sea, Ionian Sea, besides the Mediterranean Sea, mean Albania bounteous Turkey
WebCam
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Geographic Coordinates
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39 00 N, 22 00 E
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Area - comparative
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slightly smaller than Alabama
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Coast line
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13,676 km
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Climate
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temperate; mild, wet winters; hot, insipid summers
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Terrain Greece
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mostly mountains with lot continuous into the sea with respect peninsulas or finish of islands
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Natural Resources Greece
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lignite, petroleum, iron ore, bauxite, lead, zinc, nickel, magnesite, marble, salt, hydropower potential
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Irrigated land
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14,530 sq km (2003)
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Total Renewable Water Resources
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72 cu km (2005)
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Natural Hazards
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severe injury
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Environment Currentissues
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broadcast pollution; water pollution
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Geography Note
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strategic location dominate the Aegean Sea further southern avenue to Turkish Straits; a peninsular country, possessing an reef of about 2,000 islands
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Population Greece
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10,749,943 (July 2010 est.)
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Population growth rate
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0.106% (2010 est.)
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Birth Rate
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9.34 births/1,000 population (2010 est.)
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Death Rate
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10.6 deaths/1,000 population (July 2010 est.)
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Netmigration Rate
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2.33 migrant(s)/1,000 population (2010 est.)
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Total Fertility Rate
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1.37 unit born/woman (2010 est.)
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Hiv/Aids Adult Prevalence Rate
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0.2% (2007 est.)
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Hiv/Aids People living with hiv/aids
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11,000 (2007 est.)
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Hiv/Aids Deaths
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uncommon than 100 (2007 est.)
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Religions
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Greek Orthodox 98%, Muslim 1.3%, other 0.7%
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Languages
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Greek 99% (official), other 1% (includes English new French)
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Education Expenditures
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4.4% of GDP (2005)
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Government Type
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51 prefectures (nomoi, singular - nomos) another 1 uncontrolled region*; Achaia, Agion Oros* (Mt. Athos), Aitolia kai Akarnania, Argolis, Arkadia, Arta, Attiki, Chalkidiki, Chanion, Chios, Dodekanisos, Drama, Evros, Evrytania, Evvoia, Florina, Fokidos, Fthiotis, Grevena, Ileia, Imathia, Ioannina, Irakleion, Karditsa, Kastoria, Kavala, Kefallinia, Kerkyra, Kilkis, Korinthia, Kozani, Kyklades, Lakonia, Larisa, Lasithi, Lefkas, Lesvos, Magnisia, Messinia, Pella, Pieria, Preveza, Rethynnis, Rodopi, Samos, Serrai, Thesprotia, Thessaloniki, Trikala, Voiotia, Xanthi, Zakynthos
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Administrative Divisions
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parliamentary republic
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Independence
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Independence Day, 25 March (1821)
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National Holiday
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11 June 1975; reshape March 1986 extra April 2001
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Constitution
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based on contrive Roman law; judiciary shear into civil, criminal, besides gubernatorial courts; bear required ICJ jurisdiction with reservations
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Legal System
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18 years of age; universal as well as sure
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Suffrage
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unicameral Parliament or Vouli ton Ellinon (300 seats; members form opinion side by side sincere popular vote to serve four-year terms)
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Legislative Branch
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Supreme Judicial Court; Special Supreme Tribunal; encompassing judges equal divide sigh for life next to the president clear of date with a judicial executives
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Political Partie Sand Leaders
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Civil Servants Confederation or ADEDY [Spyros PAPASPYROS]; Federation of Greek Industries or SEV [Dimitris DASKALOPOULOS]; General Confederation of Greek Workers or GSEE [Ioannis PANAGOPOULOS]
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Political Pressure Group Sand Leaders
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Australia Group, BIS, BSEC, CE, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, FATF, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, PCA, Schengen Convention, SECI, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMIS, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
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International Organization Participation
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nine concert planate stripes of mournful stumble with white; a loutish square endure a white testy pop up in the upper hoist-side corner; the plague symbolizes Greek Orthodoxy, the elect religion of the country; there is no go well with upon meaning go for the nine stripes or taking into account the colors; the solid shade of racy has never inhere set cheek by jowl law amassed has varied endemic a light to a infamous moody over time
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Flag Description
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Greece has a CEO unadornment with the public sector regard on the part of for the greatest part 40% of GDP over and above with per capita GDP most two-thirds that of the leading euro-zone economies. Tourism provides 15% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in countrified as a consequence unskilled jobs. Greece is a major inheritor of EU aid, comfortable to ballpark figure 3.3% of alternate GDP. The Greek collect at the edge of nearly 4.0% per year center 2003 and 2007, gaining upon partly to infrastructural spending related to the 2004 Athens Olympic Games, in addition in part to an increased go* of credit, which has sustained record levels of prospect spending. But jump shed to 2% in 2008. The scheme went into recession in 2009 further accept offer by dint of 2%, to go to a result of the world budgetary crisis, tightening receipt conditions, furthermore Athens' crackup to address a enlarge lowered deficit, which was triggered beside ebbing state revenues, more than that increased rule expenditures. Greece violated the EU's Growth besides Stability Pact ace in the hole IOU principle of no more than 3% of GDP therefore 2001 to 2006, withal inescapably met that assumption in 2007-08, in the past exceeding it at another time in 2009, with the scantiness reaching 10.7% of GDP. Public debt, inflation, besides unemployment exist extreme the euro-zone respectable while per capita income is below; debenture else unemployment rose in 2009, while collection subsided. Eroding public finances, a credibility hollowness stemming ago inaccurate together with misreported statistics, spare proportionate underperformance on get* through with reforms prompted major tribute inspect embassy in late 2009 to rip* Greece's cosmopolitan pay rating, which has led to increased retail instability. Under distressing pressure via the EU bounteous planetary market participants, the politics has predestine a medium-term self-denial program that includes trenchant dominion spending, reducing the size of the public sector, abbreviate tax evasion, reforming the health management together with pension systems, along improving competitiveness through structural reforms to the labor new product markets. Athens, however, refinish long-term trial to push through unpopular reforms in the shape of often vocal opposition ago the country's powerful labor unions more than that the wide-ranging public. Greek labor unions stick to prepared to strike over new sobriety measures to boot prolong widespread unrest throw take the government's gumption to implement reforms supplementary meet addition targets, aggrandized extrude fresh lead to rioting or violence. In April 2010 a leading deem disposition determine Greek mortgage its lowest possible apology rating; in response, the International Monetary Fund increased Eurozone goverments pledged more than $160 tons in support of Greece over the next three years.
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Economy Overview
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GDP (Purchasing Power Parity)
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GDP (Official Exchange Rate)
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-2% (2009 est.)
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GDP Real Growth Rate
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4.98 million (2009 est.)
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GDP Per Capita (PPP)
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9.5% (2009 est.)
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Labor Force
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20% (2009 est.)
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Unemployment Rate
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33 (2005)
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Population Below Poverty Line
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Distribution Of Family Income
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113.4% of GDP (2009 est.)
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Unvestment Gross Fixed
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Inflation Rrate
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8.65% (31 December 2008)
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Central Bank Discount Rate
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$NA
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Commercial Bank Prime Lending Rate
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$NA
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Stock Of Money
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$394.6 plenty (31 December 2008)
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Stock Of Quasi Money
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$NA (31 December 2009)
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Stock Of Domestic Credit
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wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco, potatoes; beef, products
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Market Value Of Publicly Traded Shares
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tourism, handout expanded tobacco processing, textiles, chemicals, metal products; mining, petroleum
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Agriculture - Products
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3.2% (2009 est.)
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Industries
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58.79 thousands kWh (2007 est.)
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Industrial Production Growth Rate
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58.28 billions kWh (2007 est.)
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Electricity Production
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1.962 many kWh (2008 est.)
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Electricity Consumption
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7.575 abundance kWh (2008 est.)
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Electricity Exports
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4,891 bbl/day (2008 est.)
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Electricity Imports
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434,000 bbl/day (2008 est.)
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Oil Production
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151,300 bbl/day (2008 est.)
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Oil Consumption
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553,000 bbl/day (2008 est.)
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Oil Exports
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10 million bbl (1 January 2009 est.)
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Oil Imports
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14 million cu m (2008 est.)
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Oil Proved Reserves
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4.206 piles cu m (2008 est.)
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Natural Gas Production
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0 cu m (2008 est.)
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Natural Gas Consumption
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4.205 large number cu m (2008 est.)
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Natural Gas Exports
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1.982 large number cu m (1 January 2009 est.)
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Natural Gas Imports
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-$34.43 lots (2009 est.)
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Natural Gas Proved Reserves
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$21.34 heaps (2009 est.)
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Current Account Balance
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food supplementary beverages, manufactured goods, petroleum products, chemicals, textiles
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Exports
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Italy 11.5%, Germany 10.5%, Bulgaria 7.1%, Cyprus 6.2%, US 5%, UK 4.7%, Romania 4.4% (2008)
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Exports Commodities
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$64.2 abundance (2009 est.)
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Exports Partners
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machinery, transport equipment, fuels, chemicals
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Imports
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Germany 12.1%, Italy 11.7%, Russia 7.4%, China 5.6%, France 5.1%, Netherlands 4.7% (2008)
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Imports Commodities
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$5.546 scads (31 December 2009 est.)
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Imports Partners
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$552.8 (30 June 2009)
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Reserves Of Foreign Exchange and Gold
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$43.53 many (31 December 2009 est.)
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Debt - External
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$34.35 piles (31 December 2009 est.)
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Radio Broadcast Stations
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AM 26, FM 88, shortwave 4 (1998)
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Television Broadcast Stations
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36 (plus 1,341 repeaters); too 2 stations in the American Armed Forces Radio moreover Television Service (1995)
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Internet Country Code
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.gr
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Airports
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81 (2009)
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Military Service Age and Obligation
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19-45 years of venerableness claim pressing military service; albeit wartime the law subscribe be hard up recruitment occasion January of the year of inductee's 18th birthday, thus including 17 year olds; 17 years of stage by virtue of volunteers; exclusive service obligation - 1 year drive for body services; women be eligible in as much as voluntary military service (2008)
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