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Dismal Holiday Sales for Greek Retailers
Hammered by austerity measures that have made Greeks slow spending almost to a standstill, and with transportation strikes preventing customers from getting into downtown...
More Sunday Openings for Greek Stores
Facing a bleak Christmas and holiday period as workers await more pay cuts and tax hikes, Greek retailers will be allowed to open on...
Unemployment Costs Greek Economy $5 Billion Annually
With Greece's unemployment rate at a record 23.1 percent and rising, the costs are growing too. The National Confederation of Greek Commerce (ESEE) estimated...
Greek Economic Crisis Closing Stores, Ending Dreams
In September, Christina Aggelaki, 56, will close the sporting goods store she and her husband have operated in a western Athens neighborhood for 30...
Greek Traders See Food Prices Rising, Some Selling at a Loss
Greek traders are forecasting price rises for basic foodstuffs in the months ahead as a result of hikes in the cost of farm produce...
Greek Red Tape Stories in The New York Times
Yet another article has appeared in the American press showing Greek red tape as the main prohibitive factor for investments in the country.
The New...
Benefits for Greek Jobless Will be Slashed Too
ATHENS – Greece’s 1,033,507 unemployed – and counting – will have their monthly benefits cut by 22 percent, dropping their only source of income...
Greek Christmas Sales Crash, More Stores Set to Close
ATHENS – Hopes by retailers that cash-starved Greek would open their wallets and spend what’s left after an avalanche of pay cuts, tax hikes,...
Greeks Prefer Neighbouring Countries To Purchase Consumer Goods
Within the last year, over 1500 Greek businesses have relocated their premises to neighbouring countries while more and more people decide to do their...
Greek Shops Closing Because of Debt Crisis and Low Demand
Greece's main business association says the debt crisis and low consumer demand have forced the closure of one in seven stores in Athens' main...