Greece: Some 53,000 stores facing possible closure
09 November , 09:48
(ANSAmed) - ATHENS, NOVEMBER 9 - In Greece, traditional commercial stores and small and medium-sized enterprises in general are in dire straits as a result of the considerable drop in consumption and the constant increase in popularity that malls are enjoying as daily Kathimerini reports. A European Commission survey recently presented by the National Confederation of Greek Commerce (ESEE) showed that the number of small and medium-sized enterprises (SMEs) in Greece shrank by 30,000 between 2003 and 2010. ESEE's own data showed that 68,000 SMEs were driven out of the market from 2010 to 2011, while another 53,000 are likely to close down soon. Some 67,000 jobs were lost in the sector in the first nine months of the year alone. Shop owners are predictably downbeat as more and more stores shut down in every neighborhood in the capital due to the fact that they are unable to service their debts, pay their taxes and withstand the drop in consumption, even though in many cases rental rates have declined significantly in the last two years. Property market experts note that in certain cases rents have gone down by as much as 50%. On average the decline over the last couple of years has come to 25-30% compared with rental rates before the crisis. This year alone the level of rents has gone down by 10-20%, according to Danos/BNP Paribas Nevertheless the number of empty stores is growing by the day.
http://www.ansamed.info/en/news/ME.XAI35751.html
Monday, November 14, 2011
Subscribe to:
Post Comments (Atom)
Followers
Blog Archive
-
▼
2011
(8499)
-
▼
November
(1134)
- रीटेल एफ डी आई से कारोबार पर विदेशी पूंजी काबिज और...
- ‘MINDCONTROL’ AND ELECTRONIC WEAPONS - VICTIMS' OR...
- Welcome to the world of corporate psychopaths
- Financial 'vultures' poised to swoop on Africa thr...
- MEDVEDEV: RUSSIA SERVES NOTICE November 28, 2011 B...
- Nepal Updates
- Statement Condemning Repression Against Anti POSCO...
- he GOP’s Middle Class Tax Increase
- F-22s Gobble Up More Billions
- Adivasi Bounded Labour Killed,No Justice yet.-Than...
- US war against Pakistan?
- PIL to Register FIR Against Mukesh Ambani, RIL
- The lawsuit that could end the gangster rule of We...
- Throw These Cooking Oils in the Trash
- Retail FDI: The Calculations and Compulsions..
- Manual scavengers poster -READ
- Irula Tribe women sexualy abused by Police - Tiruk...
- Sr. Valsa case with the National Commission for Women
- Oh The aggressors! Oh The killers of the Innocent ...
- MY AUSTRIA VISIT AND PROJECT OF HOPE Asghar Ali En...
- Fwd: BAMCEF & RMS 28TH N.C. 24TH TO 28TH DEC 2011,...
- Fwd: [OrissaConcerns] Statement on the Repression ...
- Fwd: declare aadhaar illegal, pleads suit - bangal...
- Fwd: [bangla-vision] FD News and an important action
- Fwd: हस्तक्षेप.कॉम चल अन्ना घर आपने रेन भई यह देश…
- Fwd: Tom Burghardt: Target Iran - Washington's Cou...
- Fwd: Kanimozhee bhee Kaanee ho Gayee!
- Fwd: Truth behind the appeal to Hindus - One secon...
- Fwd: (Desiyatra)-- Sharad slap unites Indian polit...
- Fwd: Today's Exclusives - Controversial stock oper...
- In Tamil Nadu’s southern districts, prisoners are ...
- Fishy Friends By Nigar Ataulla
- Rapid Haramikaran Of India - Growth Rate Food 2%, ...
- Dalit labourer dies, nephew alleges he was beaten
- Water politics in the Jordan River basin
- Dr. Bhupen Hazarika honoured in London - 1999
- declare aadhaar illegal, pleads suit - bangalore, ...
- DGP Mr. BR Lall – Crusader Against ‘Black Money’ N...
- The glimpses of Post FDI in retail
- Anand Sharma writes to parties clarifying FDI stance
- The Miqati Government in Lebanon – Continued Subju...
- Miami-protest spokesman led 'Nuke Israel' rally
- Why not open debate on Holocaust?+Capitalism under...
- Discussion on Karnataka Guarantee of Services to C...
- Statue of Liberty – an Egyptian Peasant Lady?
- Moroccan opposition warns of silent majority
- De Jager talks tough as he heads to Berlin for tal...
- Debt Crisis Belgium under the tutelage of Brussels?
- Eurobond talk should not be 'taboo', Monti tells V...
- Will Global Financial Demolition Lead To New World...
- Would uranium sales to India breach a key Labor tr...
- Fwd: [Occupy Kolkata] i know casteism in india is ...
- Fwd: [Marxistindia] CPI(M) Supports Traders Call f...
- Fwd: Julie Lévesque: Protest in Syria: Media Lies ...
- Fwd: [Occupy Delhi] IN 1886-94, DURING THE SANTHAL...
- Fwd: [Occupy Delhi] PROGRESSIVE DEMOCRATIC STUDENT...
- Bangladesh: International anti-imperialism conference
- 5,000,000 North East Indian Migrations Expected in...
- Prosecutor: Reagan, Bush not criminally liable
- LIVING IN GERMANY
- Occupy Everywhere: Michael Moore, Naomi Klein on N...
- The People's Surveillance State
- Washington's $8 Billion Shadow
- Where Does Occupy Wall Street Go From Here? ...a p...
- Israel's technology or its politics that the minis...
- Targeted Individual due for execution unless we dr...
- FDI in Retail for 99% Indians – Vendors, Farmers, ...
- HUNDREDS RALLY IN MUZAFFARABAD AGAINST MFN STATUS ...
- KSA: Thousands in Eastern Province Chant Death to ...
- LIBYA: Thousands accused of Gaddafi links held by ...
- RSS A pure religion- LIKE SIKHS/Jaina/ BUDHA/= wit...
- Dead Man Talking: More Fake Encounters in Gujarat
- 21st Greatest Sikh Traitor Parkash Chand Badal ina...
- Up to 25 Pak soldiers dead in NATO chopper attack
- Abhay Sahu, leader of anti-POSCO movement arrested
- login immediately Meshram saheb speaking
- Nuclear emergency in Japan: lessons for India
- DRUM- Desis Rising Up & Moving
- World's Largest and Longest Invisible War
- Regards to PIL- Chinese expert praises Indian courts-
- Non-discrimination and Equality in India Contestin...
- Akal Takht, SGPC condemn slapping of Sharad Pawar
- Urbanization key to speedy growth: RBI governor
- Egypt's economy slumps under weight of unrest
- FDI decision taken to help Rahul's foreign friends...
- Kishenji's body identified by niece
- aviation crisis News Stories
- KISHENJI SPECIAL Calcutta Corner Why is Mamata Ban...
- Bring the spice back The men have left the Sunderb...
- Maoists allege fake encounter PRONAB MONDAL
- Blunted: Maoist peril & CPM slur - CM scores twin ...
- Hunt for Suchitra yields purse NARESH JANA
- State to fly Kishan’s body home if identified by n...
- http://www.telegraphindia.com/1111126/jsp/frontpag...
- Egg on the face of fake Tagore champions - All 20 ...
- State steps up border vigil Police escort for fore...
- Kishan wily, govt wilier Parivartan and penetratio...
- Reforms Drive is in Topmost Gear Now in Absence of...
- Fog effect: 28 trains to remain cancelled for two ...
- ISHRAT JAHAN: MURDER IN COLD BLOOD Ram Puniyani
-
▼
November
(1134)
No comments:
Post a Comment