Thousands of Greek Companies Join Exodus to Bulgaria

Andy Dabilis

EUROKINISSI
As Greece’s economic crisis continues to take a punishing toll on workers, pensioners and the poor, small-and-medium-sized companies are disappearing at the rate of 1,0000 a week, and thousands more are packing up their bags and heading to Bulgaria.

ATHENS – As Greece’s economic crisis continues to take a punishing toll on workers, pensioners and the poor, small-and-medium-sized companies are disappearing at the rate of 1,0000 a week, and thousands more are packing up their bags and heading to Bulgaria. While Greek companies have favored their neighboring country for its low wages and other benefits there has been a new wave of departures, with the newspaper Kathimerini reporting that there are now 6,000 businesses from Greece who have left the country for Bulgaria. “The first wave of Greek companies moving their headquarters to Bulgaria came in 2006, when it became a member of the European Union, and they were mostly large construction and textile firms,” Alexandros Adamidis, a lawyer who heads a company that specializes in such transfers, told Kathimerini.

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June 13, 2012

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1. Philip Vorgias wrote on June 13, 2012 11:22 AM	Greek red tape and corruption is chasing businesses to other nations. Greece has been a business UNfriendly nation for decades. That must change.

2. Nicholas Kostopoulos wrote on June 13, 2012 1:03 PM	More nails into Greece's coffin. Makes you wonder how many more nails are needed to complete the burial. Greece's citizens better wake up and realize that they have a country for now. How simply stupid they truly are.

3. George Economides wrote on June 13, 2012 7:16 PM	Unfortunately, I am beginning to believe that the Greeks did it to themselves. I have been supporting them all through these trying times, but for this, and other articles, it's apparent that Athens has no one to blame but it's self. The Greek politician are a "class unto themselves" and watching them on talk shows makes it clear how "vein" and self serving they are. I cry for the good and honorable citizens of Greece that have the bear the brunt of this behavior............

4. George Economides wrote on June 13, 2012 7:16 PM	Unfortunately, I am beginning to believe that the Greeks did it to themselves. I have been supporting them all through these trying times, but for this, and other articles, it's apparent that Athens has no one to blame but it's self. The Greek politician are a "class unto themselves" and watching them on talk shows makes it clear how "vein" and self serving they are. I cry for the good and honorable citizens of Greece that have the bear the brunt of this behavior............

5. Niko Seretis wrote on June 13, 2012 10:31 PM	I cannot tell you how frustrating it is to read these articles of how Greece is dissolving before our very eyes. I agree with all of you but my heart is bleeding for Greece and the average citizen who lives there and has no options left. Shame on Greece's politicians and media for causing this catastrophe.

6. Philip Vorgias wrote on June 14, 2012 11:14 AM	If SYRIZA wins the election you can turn the lights off in Greece, it'll be the next Albania. I guarantee it.

7. Nicholas Kostopoulos wrote on June 14, 2012 12:49 PM	Its either you starve immediately with ND, PASOK, or slow starve with Syriza. There is no good with way, but collapse in Greece's future. Fourty years of corruption, graft, white collar crimes, patronage jobs, not paying taxes, low corporate taxes has lead Greece to the destruction of their country. Nobody is to blame, but the Greek citizens who constantly voted for these wizards of their economy. The final chapter of Greece is now being written, and it wouldn't be pretty.

8. Philip Vorgias wrote on June 14, 2012 4:13 PM	I don't agree at all, Nicholas. SYRIZA will get Greece thrown out of the EZ. That will cause an immediate economic catastrophe of monumental proportions. If they stick with the Austerity plan there is hope at the end of a long tunnel. There is no hope with the alternative.

9. Nicholas Kostopoulos wrote on June 19, 2012 2:15 PM	The hope diminishes each day, as more businesses go bankrupt. Unfortunately in this business climate, there is only a lane, and it is to bankruptcy. You can pay back loans, when you tax base has collapsed, no matter how positive you are about Greece.
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Tuesday, May 21, 2013 Last Update: 3:51 PM ET