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Greek Market

Greek Commercial Stores to Offer 20% Discount to Tourists from Four Countries

Greek commercial stores will offer a 20 percent discount to tourists from four countries every year. The four "honored" countries for 2016 are Israel, Russia, Turkey and the US. Greek businesses accepted with pleasure Deputy Foreign Minister Dimitris Mardas initiative to...

Greek Economy to Get More than 8 bln Euros in EU and Private Funds in 2016, Says Minister

More than 8 billion euros will be funneled into the Greek market in 2016 through the Public Investments Program (PIP) and international organizations such as the European Investment Bank, the European Bank for Reconstruction and Development (EBRD) and more,...

Survey: 65% of Greeks Say 'Yes' to the Common Currency

The latest Eurobarometer survey revealed that 65% of Greeks wish to remain in the common currency union. The percentage has increased by six points compared to 2014, noted the report. According to the new survey conducted from October 12 to...

Greek Stocks Plummet Over 10% on Monday

Greek stocks nosedived 10.54% on Monday, with investors spooked by the losses in global markets, the slowdown in China and growing uncertainty over Greece's snap elections. The composite index sunk below 600 points to its lowest level since June...

Greek Companies Lose 85% of Their Value Since 2007

A lot has changed between 2007 and 2015. One of the major changes in the economic sector was the average price of Greek companies, which changed a lot in just a matter of eight years. The Independent noted a dramatic...

Basic Necessities and Luxury Goods Purchases Show Increase

Greeks have already suffered through seven days of capital controls, imposed after the government's decision to call a referendum. The controls prohibit citizens from withdrawing more than 60 euros per day and making any transactions with foreign companies and...

10 Problems Greece Faces Due to Capital Controls

Greece is living under the suffocating pace of capital controls for the last two days. The end of negotiations and the Greek referendum announcement have put everything on hold. Due to the imposition of capital controls, Greece is facing numerous...

How Capital Controls Affect Life in Greece

The imposition of capital controls will bring radical changes and major restrictions on trading activity. Greek banks will be closed for a week, until next Monday, July 6. The decision to close the banks was made in order for...

Huge Drop in Christmas Turnover?

The turnover of stores in Greece is expected to show a huge drop this holiday season, in contrast with its usual increase, due to the risk of early elections. Meanwhile, tourism is also expected to drop significantly because of...

International Food Franchises Failing in Greece

The Greek market is a very difficult place for international food and coffee franchises. Greeks are creatures of habit and it is not that easy to change their routine, the way they eat or enjoy their coffee. It is not a...