The rise and fall of «Marinopoulos»
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The rise and fall of «Marinopoulos»

The Marinopoulos family dominated the Greek retail trade and pharmaceutical industry for decades. It began in 1893 with a pharmacy in Solon, while in 1949 FAMAR was founded. In 1962 he opened the first supermarket in Kolonaki. Dimitris Marinopoulos was president of BSE in 1966-1970 and 1974-1978. The family brought to Greece Marks & Spencer (1990), Gap (2008) and Starbucks. In June 2016 the chain went bankrupt with debts of more than 1 billion euros due to overborrowing, incorrect handling and family disputes. The network passed to Slavenis, and recently lost Starbucks.

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Why is convergence with the Eurozone slow
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Why is convergence with the Eurozone slow

The Greek economy is improving, but convergence with the Eurozone is lagging behind. Per capita GDP reached 68% of the EU average. in 2025, but without exceeding the 2008 level. According to Declan Costello of the European Commission, household purchasing power remains below the pre-crisis levels. Obstacles are the business environment, demographic trends, labour taxation and skills mismatch. The Recovery Fund helped, but Greece will continue to rely on European funds after its expiry in 2026.

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