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Friday, May 29, 2015

Export-oriented firms benefit from euro rate

The favorable shift in the exchange rate of the euro against the US dollar has led to the creation of two categories among Greek listed companies, as those who export their products to dollar markets have seen their cash reserves soar. On the other side, the majority of listed firms are struggling to survive in the Greek economy while all sectors are shrinking due to the state having halted payments to the private economy.


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