Thursday November 27, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Hundreds of thousands of firms have shut down

As many as 130,000 commercial enterprises shut down during Greeces six-year economic recession while no more than 45,000 new ones opened, which translates into a net loss of some 85,000 businesses.

At the same time an estimated 575,000 small and medium-sized enterprises were forced to stop operating, while 265,000 new ones were started.

At least 230,000 employment posts, including traders-employers, self-employed and salary workers disappeared from the sector, while total employment in commerce has dropped to levels unseen since 1999.

These were the key points in data submitted on Wednesday by the National Confederation of Greek Commerce (ESEE) to new Development Minister Nikos Dendias at their first meeting.

"We have to try in every way we can to save the enterprises that can be saved. This is the way to prevent unemployment from increasing and to achieve its reduction soon, to the benefit of the young generation, said Dendias.

ekathimerini.com , Wednesday Jul 2, 2014 (23:16)  
Wednesdays stock gains wiped out on Thursday
Lower provisions and energy costs boost Greeces PPC Q3 profit
Eurozone loans to private sector still contracting: ECB
Eurozone economic sentiment rises slightly in November
Seven PASOK MPs voice support for party leader
Seven PASOK MPs on Thursday publicly backed Deputy Prime Minister Evangelos Venizelos and his plans for the party to play a leading role in a broader center-left alliance after ex-leader Geo...
New law could transfer control of unused buildings
Municipalities and private companies may soon get a chance to take over abandoned or empty buildings if a new bill drafted by the Environment Ministry is voted through Parliament. According ...
Inside News
SOCCER
Atletico drubs Olympiakos 4-0, leaving Reds with slim chances of CL qualification
Atletico Madrid avenged its 3-2 defeat in Piraeus in September with a 4-0 win over Olympiakos on Wednesday, meaning the Greek champion only has mathematical hopes left for a spot in the next...
SOCCER
Atletico eyes last 16 berth against Olympiakos
Greek champion Olympiakos faces a tough task if it is to prevent last season's beaten finalist Atletico Madrid sealing its passage into the last 16 of the Champions League at the Vicente Cal...
Inside Sports
COMMENTARY
Scraping together the 180 MPs will not be enough
Even if the coalition government was to scrape together the 180-MP majority it needs to elect a new President in the 300-seat House, skeptics say, what will change really? There is one evide...
EDITORIAL
Taking back whats stolen
A large group of public prosecutors and state officials (coming from various departments) have been working on major corruption cases. Of course it is their duty to do so, yet their actions ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Seven PASOK MPs voice support for party leader
2. New law could transfer control of unused buildings
3. Independent Greeks MP claims bribe attempt
4. Greek FM starts 3-day trip to Turkey on Saturday
5. Wednesdays stock gains wiped out on Thursday
6. Aristotle University professor apologizes for fascist comment
more news
Today
This Week
1. Greece paralyzed by major strike, flights cancelled
2. Greek diplomat dies in fall under Thai train
3. Chief suspect in Piraeus bar shooting arrested
4. Greece scrambles to find food, shelter for 700 migrants on crippled ship
5. Scraping together the 180 MPs will not be enough
6. Troika talks to continue after failure to wrap up negotiations in Paris
Today
This Week
1. Give Greece a chance
2. Biden heads to Istanbul amid tension over Cyprus EEZ violation
3. Scientists expand excavation of ancient Amphipolis
4. Extremism from a bygone era
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.