One in three business in Athens consider leaving the capital

Athens Mayor Giorgos Kaminis faces a battle to convince businesses to remain in the capital. A study carried out for the municipality, which he presented yesterday, found that the 36 percent of businesses were considering relocating.

They cited high municipal rates, a lack of security and poor accessibility as the main problems in Athens. The survey found that 34 of businesses in the capital are involved in wholesale and retail trade.

They account for 24 percent of the city’s employees but the study found that it was much easier to create jobs in the tourism sector.

The study found that for every 1 million euros spent, 16 tourism jobs were created compared to just three in trade.

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