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Up to 70% decline in the Greek taverns due to the crisis and strikes

17 October 2011 / 16:10:09  GRReporter
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The overall effect of the crisis has proved "fatal" for about six thousand restaurant entrepreneurs, which now account for about 6% of all businessmen in the sector. The Secretary General of the Federation has no vain expectations and does not expect a positive change in the economic conditions in the country: "What we will see in the near future, both as a result of the measures in the austerity plan and the additional measures, will generate additional losses for the sector." The obvious poverty of the average Greek, the change in the profile of tourists in Greece as well as the higher direct and indirect taxes do not help towards the recovery of turnover losses of restaurants. 
 
To top it all, tourism-related companies have to deal with problems caused by the constant strikes and protests. In Athens, the biggest blow is to taverns and restaurants in the centre and around archaeological sites. "I am sure that the right to protest of all social groups should not affect the quality of tourist services. This is a key sector for the country and the revenue from it directly affects the quality of life in Greece. High taxes affect all sectors. We all do what we can to survive. VAT alone has jumped by 76% over the past three years. Restaurants have taken on this difference and today we are working at zero profit to endure until better times come."

Tags: EconomyMarketsTavernsGreeceVATCrisisStrikes
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