Greece
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ESEE

Greece Gives In, Will Fire 15,000 and Slash Minimum Wage

ATHENS – In a move that seems certain to stoke worker outrage just before a general strike and protests, Greece’s coalition government has reportedly agree to international lenders' demands to fire 15,000 public workers this year and cut the...

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, slashed pensions and scores of thousands of layoffs as the country tries to stave off...

Retail Sees Worst Christmas Sales in Decades

Greece's stores had their worst Christmas in decades, with retail sales dropping by 30 percent compared with the same period last year as the economic crisis shattered consumer confidence, the ESEE retail federation said on Tuesday. "Nine out of 10...

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 shopping outside the Greek borders. According to the National Confederation of Greek Commerce (ESEE) announcement last...