Just Released: "Large Cooking Appliances in Greece"
The ongoing economic recession and the lack of new construction are, again, the two key factors behind the significant losses suffered by large cooking appliances, which saw volume and value sales squeezed by 15% and 19%, respectively, in 2013. With unemployment reaching 27%, wages and pensions slashed and new, higher taxes imposed, Greek consumers simply could not afford the acquisition of large cooking appliances, unless it was absolutely necessary. With 96% of Greeks already owning a cooker...
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