Nikos Magginas

Operating on ‘accordion’ mode

The so-called "accordion lockdown" may be testing the patience and stamina of entrepreneurs, who are forced to revise their plans and operations every now and then, but at least it secures some turnover, so it is better than a complete months-long lockdown, say economists who have observed its international application in the last few months.

Ecumenical Patriarch Bartholomew and his frozen beard (photos)

The spiritual head of the Christian Orthodox faith, Patriarch Bartholomew is very fond of the snow. It is no surprise then that he took the opportunity to go for a stroll in the covered streets of Constantinople. He walked through the streets around the Fanari under a near snow blizzard but seemed to enjoy every moment.

As prices keep falling, Greeks finally start to spend

At Greek home appliance retail chain Electroniki, a washing machine cost 497 euros six years ago. Today, it sells for 356 euros.

Like most Greek companies, Electroniki has slashed prices to hold on to consumers hit by recession. "Small appliances, big discounts" read flyers it recently stuffed under doors.

Easter shopping helps Greek retail sales post biggest rebound in 2 years

Retail sales in Greece rebounded in April, data showed on Monday, with Easter shopping helping to post the strongest rise in more than two years.

Retail sales by volume rose 7.3 percent year-on-year after a downwardly revised 1.2 percent drop in March, according to statistics service ELSTAT.

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