Imports of Greek Products Affected by Cash Flow Problems Say Importers

Importers of Greek products into Australian are also feeling the effects of our national economic crisis, as they admited to ana-mpa.

Thanks to the strength of the Aussie dollar against the Euro, the problems can be dealt with at least for now.

Australia imports food, drinks and other products totaling to a sum of  $151 million from Greece yearly. The hardest problem, according to importers such as Petros Iconomou from Delta, is that suppliers from Greece are demanding prepayment for the products and cannot afford to give credit to the importing firms.

Others complain that Greek business owners and exporters cannot afford to advertise their products due to the lack of state funding, so importing firms have to deal with that problem as well by making up for the difference in advertising costs.

Another importer, Lucas Papargyrhs from Flox Wines @ Spirits explains that he imports products from 14 different countries but the only ‘problematic’ country in ours. He remarked that “the situation in Greece is disappointing” when it comes to imports. Of course that is no surprise, as we all know –even a non-economist can tell you that– that a financial crisis affects all areas of economic transactions, since reduced cash flow can lead businessmen into not being able to afford delays in payments.

“We are asked to pay in advance and we are also taking on the burden of a significant amount of expenses. We’ve always supported and we want to keep on supporting Greek products. But, if we hadn’t turned to other markets as well, we would have shut down today,” continues Mr Papargyrhs.