ECONOMY

Number of Greeks employed in commercial sector lowest since 1999, says ESEE

Fewer than 700,000 people are employed in Greece’s commercial sector, which is the lowest since 1999, according to a study by the National Confederation of Hellenic Commerce (ESEE) that was published on Monday.

ESEE found that more than 93,000 people lost their jobs in the sector this year, leaving a total of just 673,000 employees.

ESEE says the figure of job losses in commerce this year represents almost a quarter of the national total of Greeks who have become unemployed in 2012.

Eight in 10 businesses surveyed said their cash flow worsened this year, while seven in 10 said they had no access at all to liquidity from banks.