ECONOMY

Fewer shut shops in Athens city center this year

The number of shops that have been forced to close down in the Athens city center has dropped.

In September shuttered shops in the downtown area represented 27 percent of total retail spaces, or 1,657, down from 31.1 percent in March 2014 and 32.5 percent in September 2013, figures by the National Confederation of Commerce and Enterprises (ESEE) showed on Monday.

The main reason for this drop is that commercial activities which remain in recession, such as apparel sales, have been partly replaced by others, mostly related to catering and entertainment.

The recovery is mostly evident in the area between Kolokotroni and Ermou streets (pictured).

On Stadiou in contrast, and especially the stretch near Omonia Square, four in 10 stores remain closed.