ESEE
Economy
Companies Face "Annihilation" Amid Debt Crisis
Greece's recession-hit businesses face "annihilation", a leading chamber of commerce has warned, as a fatal combination of falling sales and job cuts meant the country was in its worst economic shape for 14 years.
"Returning to 1984 purchasing power levels,...
Economy
Downtown Athens: 1 in 3 Stores Closed
Greece's deep recession has forced almost a third of businesses in Athens commercial district to close down as shrinking incomes and frequent strikes have driven away customers and harsh austerity measures have made many slow spending almost to a...
Economy
Unemployment Costs Greek Economy $5 Billion Annually
With Greece's unemployment rate at a record 23.1 percent and rising, the costs are growing too. The National Confederation of Greek Commerce (ESEE) estimated that joblesness, with nearly two million people out of work, costs the economy about $5...
Economy
Greek Economic Crisis Closing Stores, Ending Dreams
In September, Christina Aggelaki, 56, will close the sporting goods store she and her husband have operated in a western Athens neighborhood for 30 years, victims of a deep recession worsened by austerity measures that has slowed spending to...
Economy
Greek Traders See Food Prices Rising, Some Selling at a Loss
Greek traders are forecasting price rises for basic foodstuffs in the months ahead as a result of hikes in the cost of farm produce internationally, as daily Kathimerini reported. As a remedy, the National Confederation of Greek Commerce, (ESEE),...
Economy
Greek Federation of Employers Asks for Reduction of Labor Costs
The Greek Federation of Employers, SEV, is asking for the reduction of labor costs as a negotiating point for talks with the unions and the government. On the other side, ESEE, the Confederation of Greek Merchants is asking for...
Greece
National Confederation of Greek Commerce ESEE Proposes an 11% Cut in Commerce Salaries
The National Confederation of Greek Commerce (ESEE) is proposing an 11 percent salary drop until the country's economy recovers from the crisis, thereby reopening negotiations for the signing of a new collective bargaining agreement in the sector.
ESEE has worked...
Economy
Insurers Halting Coverage on Exports to Greece Cuts Deep
ATHENS – The decision by two of the world’s biggest trade credit insurers to halt coverage for companies importing products and goods to Greece is already starting to cripple small businesses, and many said it could be the death...
Economy
Benefits for Greek Jobless Will be Slashed Too
ATHENS – Greece’s 1,033,507 unemployed – and counting – will have their monthly benefits cut by 22 percent, dropping their only source of income during the economic crisis from $604.89 to $471.89, to keep pace with a similar cut...
Economy
Rising Percentage of Businesses Shutting Down in Athens
A total of 2,374 businesses have terminated their operations, out of a total of 9,274 enterprises operating in the Attica region, a report by the National Confederation of Hellenic Commerce (ESEE) stated on Thursday.
ESEE, in a report, said the...