ECONOMY

Greek exporters report earlier repayment

Greece’s exports volume is only expected to shrink by 2-2.5 percent this year compared with 2013, according to the Panhellenic Exporters’ Association, as some signs of a small recovery in the sector have been observed in the last quarter of the year.

Figures show that there has been an encouraging increase in export companies’ takings as, until recently at least, the period of repayment by their foreign clients appeared to be decreasing.

This evidence of confidence, according to the association, could be lost in the climate of uncertainty which is now dominating the political and fiscal environment.

Association data show that exports in the first 10 months of the year added up to 22.5 billion euros, of which Greek exporters had already collected 19.7 billion euros.

The increase in takings has amounted to 4.8 percent year-on-year, according to the Bank of Greece.