High rents take toll on businesses

With slow sales and high rents, shops are closing doors to business, president of the National Confederation of Greek Commerce (ESEE) Vassilis Korkidis said on Thursday.

In an interview with Skai television early on Thursday, Korkidis said that a large number of shops and offices remain unrented as landlords refuse to drop commercial rents.

In the shops that do operate, sales have dropped by 25 percent although prices have gone down by 15 percent, Korkidis said.