Sunday April 26, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Number of firms filing for bankruptcy in Greece drops

By Anestis Dokas

The number of companies that filed for bankruptcy in Greece last year declined by 5.5 percent from 2012, according to ICAP Group data released on Tuesday by the Federation of Business Information Services (FEBIS) concerning Western Europe.

While the number of companies in Western Europe going bankrupt posted a 1.1 percent rise compared with the year before, there were only 392 firms going through the process in Greece, compared with 415 in 2012. However it must be noted that in Greece where the economy contracted by 3.9 percent last year only a small number of corporate bankruptcies are conducted through the formal procedure provided for by law.

The report says it remains to be seen whether the drastic measures taken in eurozone periphery countries including Greece have contributed to the improvement in their competitiveness and that they can in fact respond to market pressures.

ekathimerini.com , Tuesday Jul 22, 2014 (23:05)  
Construction material costs slide anew
Navios taps German shipping opportunities
Govt eyes state company reserves
Thessaly stores likely to remain closed on first Sunday of spring sales
FM warns against a lose-lose situation [Update]
Germany will have to decide whether it wants to support Greece or make an example of the SYRIZA-led administration, Foreign Minister Nikos Kotzias said on Friday. Do they want to support us...
PM tries to appease mayors, regional governors over cash bill
Prime Minister Alexis Tsipras met regional governors and mayors over the weekend in a bid to overcome their objections to a decision by the government forcing local authorities to hand over ...
Inside News
WATER POLO
Olympiakos wins Euro crown in womens water polo
The womens water polo team of Olympiakos won its first ever LEN Euro League at the Final Four it hosted in Piraeus by beating holder Sabadell from Spain 10-9 in Saturdays final. After defe...
SOCCER
Rival soccer fan clashes leave man stabbed
One man was stabbed and several others slightly injured as rival Thessaloniki club fans clashed late on Friday at an event held by Aris supporters. Reports from Greeces second city stated t...
Inside Sports
COMMENTARY
Five years ago
This week marks five years since Greece officially entered a period of crisis when then Prime Minister George Papandreou announced that the country would seek a bailout from the eurozone and...
EDITORIAL
Slippery slope
The extremely divisive language that is currently being used by parliamentary deputies and coalition ministers is both unacceptable and dangerous. It is high time that the tired, old argumen...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Olympiakos wins Euro crown in womens water polo
2. FM warns against a lose-lose situation [Update]
3. PM tries to appease mayors, regional governors over cash bill
4. Poll: Large majority of Greeks want compromise with lenders
5. Police rescue 69 migrants from Evros River
6. Thessaloniki nanny denies abusing toddler
more news
Today
This Week
1. Five years ago
2. PM tries to appease mayors, regional governors over cash bill
3. Poll: Large majority of Greeks want compromise with lenders
4. FM warns against a lose-lose situation [Update]
5. Greece not playing a game of chicken on debt
6. Slippery slope
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
3. Europe's collision course with Greece
4. Leaving the past in the past
5. The price of compromise
6. Denialism
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.