Economy

Enterprises refusing to improve and evolve

Greek enterprises were shaken up, streamlined and transformed during the economic crisis of the last 10 years. However, their increased competitiveness has failed to bolster the economy, and while the country appears to be emerging from the financial crisis, the business environment does not allow for strong and sustainable growth, according to PricewaterhouseCoopers.

Amazon Closes its Online Shopping Platform in China

The global online e-commerce store admits that support for third-country traders in the mainland of the world's second-largest economy will be halted, reported Econ.bg

In view of the pressure from competitors, Amazon.com Inc. said on Thursday that it is planned "operational corrections" in China to "focus more on cross-border sales."

Business in the Euro Area with the Lowest Growth Since 2014

Eurozone business growth is at its lowest level since 2014, driven by stagnation in France and a slowdown in Germany, according to recent reports, quoted by Econ.bg

In the shadow of political risks such as Brexit and weaker global growth, the eurozone is struggling to keep its economy healthy, according to a study by IHS Markit.

Loans in Swiss francs to be repaid at current rate

Greece's Supreme Court has overwhelmingly ruled that some 70,000 people who had taken out loans in Swiss francs will have to repay them at the current exchange rate and not that at the time they were issued by the banks. 
Due to a currency appreciation of the Swiss franc, many borrowers have seen the cost of their loan increase despite having paid regular installments in repayments.

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