You are here: Home » Reuters » News
Business Standard

In ruins of Greek economy, factories turn to exports to grow

Reuters  |  THESSALONIKI, Greece 

By Karolina Tagaris THESSALONIKI, Greece (Reuters) - Nikolaos Bakatselos, chief executive of Pyramis, one of Greece's last surviving stainless steel sink makers, says he can hardly keep up with new orders. But fewer than ever are going into Greek kitchens.After seven years of one of the deepest recessions seen in modern times, Greek factories are beginning to hum again, as falling wages cut production costs and a recovery in the euro zone makes one of its weakest members competitive again - internationally, at least."All our moves are made with exports in mind," Bakatselos said at his plant ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 06 2017. 18:06 IST