Nikos Magginas
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.
Greek unemployment eases in February for fifth straight month [Update]
Greece's jobless rate improved in February to its lowest rate in more than a year, data showed on Thursday, in another sign the Greek economy is emerging from a crippling six-year slump.