business
Wednesday 08 July 2015
German companies in Greece it is still relatively good. Currently, there are hardly any problems with the Greek payment behavior. Retailers benefit from even buying boom. Is quite different, however, in transport companies.
The capital controls result in Greece increasingly to the collapse of the transport system. The transport companies can not fill up their trucks, because the owners can withdraw daily only 60 euros from their accounts. Hundreds Greek truck drivers in Germany and abroad have no way to pay for the fuel.
“A truck driver needs 4,000 euros to come from Germany to Greece,” said Petros Skoulikidis, president of the shipping company in Greece (PSXEM) on Greek television. The Greek credit cards are no longer accepted abroad. Also in Germany there are big problems. Deliveries to the islands are possible only in cash. On the islands it would soon come to supply shortages, said unanimously Mayor on Greek television.
The German business partner of the Greeks are increasingly in distress. For example, more than 300 people at two locations in management and production for the pharmaceutical company Boehringer Ingelheim in Greece. The products are also exported and the help currently, because capital controls do not apply to payments from abroad to Greece. To assist the employees, the Greek subsidiary Ellas currently pays you a portion of the salary in cash from. At the same time, Boehringer Ingelheim as other German pharmaceutical company continues to deliver drugs in the euro country.
The chain saw manufacturer Stihl reports a continued excellent payment behavior of traders in Greece. “Probably out of fear that their assets be frozen at the bank in case of further escalation of the crisis,” said a spokeswoman Stihl. Currently spiked traders their holdings rather, also farmers bought machines as long as there were still the euro. Business is a sales subsidiary on the spot. However, get paid in Greece is still much with checks. As long as the banks are closed, they could not be redeemed.
Lidl benefits from hoarding
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The discounter Lidl, the more than 4,000 people employed in Greece in more than 220 stores, reported a higher customer traffic in stores over the past few days. The shops are open as usual. “Of course, we continue to accept credit card payments.” On his website Lidl Hellas promotes exactly that. “Our explicit goal is to remain in Greece and thus continue to contribute to the economic development of the country,” the company stressed.
The German Telekom is 40 percent of the Greek telecommunications group OTE involved. Apart from the dividend payment, there was no regular cash flow from the business, says a Telekom spokesman. The finances of OTE were rock solid. The financial situation of the company was not comparable to that of the Greek State. For possible effects of a sovereign default or a withdrawal of the country from the euro currency union, he declined to comment.
Source: n-tv.de
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