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More than 200,000 Greek Businessmen and Professionals ‘Closed Shop’ in 2015

About 200,000 Greek entrepreneurs and self-employed professionals suspended their business activities in 2015, says the Foundation for Economic & Industrial Research (IOVE) annual report. According...

More Greek Businesses Deposit Their Money in Bulgarian and Romanian Banks

Bank deposits of Greeks in Bulgaria and Romania increased by 10% and 8% respectively while in Greece deposits dropped by 23% in 2015, the...

World Bank: Greece Ranks Close to Afghanistan in Supporting Entrepreneurship

Greece dropped three places in the annual World Bank report on the ease of doing business, with its main weaknesses being contract compliance and...

Athens Chamber of Commerce: High Taxes Deter Investors, Send Businesses Abroad

High taxes in Greece deter foreign investors while the difficulty in getting bank loans forces Greek companies to relocate to neighboring countries, said President...

Consumption of Staples Drops 5% as Greek Economy Slump Continues

The Greek economy is in ongoing recession with forecasts looking ominous for the sustainability of businesses, consumption and unemployment, a report says. According to a...

Number of Greek Businesses Fleeing to Bulgaria Increases

The number of Greek businesses moving to Bulgaria has increased 20-30% in the last month as the new tax raises went in effect in...

Greece Loses 244,000 Businesses During Economic Crisis

Marinopoulos super market chain, which filed for protection from creditors on Tuesday, is the latest of the hundreds of thousands of businesses that shut...

More Businesses Shut Down Than Started in Greece in 2016

More businesses were shut down than opened in Greece in the first five months of 2016, according to figures by the newly established General...

Tsipras Speaks of Growth While Companies Shut Down One After the Other

  One month ago it was Elektroniki Athinon, the biggest Greek owned appliance chain, yesterday it was Athens Ledra Hotel, former Ledra-Marriott, today it is...

Almost 2,000 Greek Companies Relocated to Bulgaria in 2015

Greece's Ambassador to Bulgaria Dimosthenis Stoidis said that about 2,000 Greek companies relocated to the neighboring country in 2015. The ambassador spoke to Bulgaria's Novinite...

More than 16,000 Businesses Shut Down in Greece in 2015

More than 16,000 businesses shut down in Greece in 2015, according to European Commission figures. Since the economic slump of 2008, and the 2010 economic crisis...

Commerce Chamber: High Taxes Drive Companies Away from Greece

High taxes and insurance contributions drive businesses away from Greece, says the Athens Chamber of Commerce and Industry (EBEA). In a pamphlet issued by the chamber...

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