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Tag Archives: consumers

Sharing economy is creating a Dickensian world

The sharing economy benefits its creators, but this may be at the expense of those who do the work or provide the service — as well as the broader economy. The real reasons for the sharing economy are simple. The existing industries targeted by these platforms are frequently inefficient. Over …

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Cheap natural gas for all! Greece – Gazprom reach price reduction deal

Greece’s  state-run natural gas distributor DEPA and Russian energy giant Gazprom reached an agreement on gas supply with price cuts backdated to last June. The deal announced by Greek Environment Ministry on Tuesday will have immediate impact to private consumers and industry. Greece’s state-run natural gas distributor DEPA said that …

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New horsemeat burgers scandal: Irish company with EU customers

Irelands’ “number one” burger producer suspended production after after tests showed that horsemeat was found in firm’s raw material ingredients. Ireland’s agriculture department confirmed the findings pointing the finger at Poland as the country of origin for the raw materials. Irish beefburger producer Rangeland Foods has customers in the UK, Greece, Belgium, Sweden, …

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Greece’s Recession at 6.2% in 2Q 2012

Greece’s economy is as bad as experienced by millions of Greeks. According to data released by Greek Statistics Authority (ELSTAT) recession reached 6,2% in the second quarter of 2012. The news seems to confirm EU and IMF estimations that it would reach 7% in 2012.  “Greece΄s economy contracted 6.2 percent …

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Greek Consumers Change Habits Due to Economic Crisis

Greek consumers have made a turn towards their homes, family and friends, boosting household consumption, searching for better prices and products. In this environment, the current economic crisis offers opportunities to those enterprises that will react by timely strengthening their position in the market,” a report by Boston Consulting Group …

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Summer Sales Before Collapse as Greeks Prefer Window Shopping

Despite the generous offers reaching up to 70%,  the first results for the Summer Sales are disappointed. Consumers’ favorite seem to be rather the window shopping than the real deals. According to estimations of the Greek Association of Retail Sales, chain stores are in turnover decline of 10%-15%, while small stores …

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Athens Residents’ and Tradesmen’s Nightmare Before Christmas

While the rest of the world looks with great delight forward Christmas, residents and tradesmen in Athens experience a real life Nightmare Before Christmas. The reason? Lack of  cash and lack of  transportation. The strikes of public transport workers entered today the second week, creating traffic jams and long queues of people …

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Greek Economy: The 4,5 Billion Euro Black Holes

Hm…it’s quite confusing all this fuse about the state of  Greek Economy, the prediction of global investors in Bloomberg survey, the 4,5 billion euro holes and the possible New Austerity Measures … All these news came out just days before the 2nd round of local but highly political elections. Local elections that turned into …

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Greek e-Smart Card: the wonder that makes me wonder

Greek Finance Minister Giorgos Papaconstantinou may have proudly announced his plans for an electronic transactions card but the European Commission has already identified gaps for the protection of personal data.                          my virtual  reality   According to the grand plans of Greek FinMin or his technocrats, most probably aliens from outer space, …

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