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Elektroniki’s bankruptcy reflects struggles of consumer electronics sector
Last week, electronics retail chain Elektroniki Athinon declared bankruptcy, citing a combination of a drop in demand, the capital controls introduced last year and a lack of confidence in the Greek economy by foreign suppliers as causes.
Those following the struggles of the company could see the end coming but Elektroniki’s demise does not bode well for Greece’s already damaged consumer electronics market. The chain’s decline marks a general trend in the Greek electronics sector, which...
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