Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o 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 Greece’s 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)  
Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
Number of firms filing for bankruptcy in Greece drops
TAIPED finally finds suitors for Afandou properties
Traders say last weekend proved Sunday opening is pointless
Finance Minister, MPs to finalize overhaul of party funding laws
Finance Minister Gikas Hardouvelis is on Wednesday to meet coalition MPs in a bid to finalize an overhaul of regulations governing the funding of political parties, one of five prior actions...
EU envoy sees ´clear progress´ on immigration, asylum
European Home Affairs Commissioner Cecilia Malmstrom on Tuesday expressed satisfaction at the “clear progress” made by Greece in the areas of migration and asylum while Development Minister ...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the country’s broader neighborhood are creating new challenges as well as threats in terms of the country’s interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Number of firms filing for bankruptcy in Greece drops
3. TAIPED finally finds suitors for Afandou properties
4. Traders say last weekend proved Sunday opening is pointless
5. Fight for ADMIE privatization ends
6. Strategy focuses on debt sustainability
more news
Today
This Week
1. Front-line threats
2. Testing behavior
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Unequal after death
5. Greek sovereign debt at 174.1 percent of GDP in first quarter
6. Chinese investment
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.