The commerce sector in Greece is anxiously observing developments in local politics as the prospect of another extended period with a lack of governance is certain to deal a fatal blow to the local market.
According to the National Confederation of Greek Commerce (ESEE), the number of people employed in the sector posted an 11.3 percent annual decline, while the number of employers shrank by 18.2 percent compared to the same period in 2011.
Some 63,000 businesses are close to shutting down, ESEE estimates.
Its president, Vassilis Korkidis, added that the latest data are extremely worrying. He said that the market is virtually frozen, with only the food sector registering an increase in turnover.
Government officials have reportedly presented troika inspectors with a plan detailing a radical overhaul of the civil service which foresees the evaluation of 450,000 public servants and th...
The City of Athens is due on Wednesday to inaugurate seven centers created to provide assistance and services to residents of the municipality.
Modeled along the lines of Citizens Advice Bur...
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests.
Gree...
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia.
The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
For the past three-and-a-half years, the Greek political system has been dragging its feet and hemming and hawing over a relatively simple decision: which state organizations are needed, how...
Greece’s power-sharing government must find a way to stay on track.
A snap election, as suggested by some out there, would not solve the country’s problems but rather strengthen existing pol...
