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Greek companies

Greek Business Flight to Bulgaria Soars 70%

Faced with a crushing economic crisis and soaring taxes, Greek companies are continuing to flee to other countries, especially Bulgaria, showing a 70 percent departure increase in the last year. Greek investors are livening up the property market in...

Fishing Boom as Greeks Angle to Survive

More Greeks are turning to fishing as a way of putting food on the table during the economic crisis. According to official figures, 37,000 people applied for a fishing permit last year - double the number of the year before,...

Greek Companies Want to Impose Price Increases Amidst Market Losses

Certain Greek companies couldn’t care less about the financial crisis consequences hurting the average Greek family and are pushing for increases in product prices while the country’s economy sinks in bottomless waters. Trustworthy information from protothema.gr reports that companies, such...

EIB Asks Greek Firms To Sign Euro-Exit Loan Clauses

The European Investment Bank is inserting clauses in the loan deals it signs with Greek firms in order to renegotiate debts in case the country exits the euro zone and reverts to the drachma, Kathimerini reported. According to the newspaper,...

Greek Companies Blocked by Foreign Business Suppliers

The current liquidity problem of Greek companies is getting worse due to the fact that foreign business suppliers have stopped giving raw materials to Greece. Foreign suppliers do not accept guarantee letters on behalf of Greek banks, demanding a cash...

Greek Companies Move Premises and Boost Bulgarian Economy

The economic presence of Greek companies in the neighboring county of Bulgaria is estimated so far at about 3 bn. Euros and the creation of 100,000 new jobs. Greek companies are abandoning their country’s ‘sinking ship’ and move their businesses...

Good Work Environment Equals Profitability

At a time when a large number of Greek companies are trying to survive by lowering the salaries or/and benefits of their employees, research argues that when a company invests in its people it will succeed long-term profitability. The Great...