Join the new world

In past month there was many changes in e-Greece. From stand of politics and military, territory of e-Cyprus and e-Turkey is joined to homeland of e-Greece.
That have great impact in demographic and economic changes in land. Number of citizens increased, most of e-Turks that lose their country. But, that is not a theme of this article.

As a company owner, I have been in opportunity to track changes at marketplace and monetary market. Results that could be find there are not so optimistic, and give us (company owners) lot to think about it.

First of all, there is huge number of e-Turkish work saboteurs that made finding good workers at job market, almost like a race. It become big problem to get loyal workers which intentions are not to plunder your company bank account. Consequence of this is that workers must be searched in alternative ways like an action of Ministry of Trade with spreadsheets, or newspaper articles of type "workers needed". From my experience, both of action are not so effective, and lack of loyal and good workers is still problem for my companies.

Second problem that can be tracked is decline in value of GRD in time period of just little more than one month. From exchange rate 50 GRD to 1 gold, we now have 110 GRD for one gold. That make any income for companies that didn`t collect their profit day by day, halved. If you have 1500 GRD in your company account then, you could consider to have little less than 30 G. Today, for same amount of GRD, you have a little more than 13 G. That is huge rate of inflation.



Third problem is prices at marketplace. Grain industry, which is basic activity for my companies have huge drop of prices that joined with exchange rate of GRD are more devastating. One month ago, we have price of 0.11 GRD for one unit of grain (with exchange rate of GRD 50:1 to gold). That means that for one gold you could buy about 450 units of grain. Or from perspective of company owner, he could sold his 450 units and claim profit of 1 gold for it. Today, the situation is next:

Price of grain is 0.08 GRD for one grain unit.
For 1 gold you can buy 110 GRD.
That come to fact that with one gold you could buy almost 1400 units of grain, or, again, from perspective of owner, we must to sell 1400 units of grain to get same profit.



Not to mention, that out of profit you must calculate amount of gold, that is necessary for workers salaries.

And finally, what is happening with workers salaries. During the period of strong GRD, worker with skills of guru** had salary of about 30 GRD = 0.6 G.
Now, it is about 24 GRD or calculated in gold, it is about 0.22 G.

So, this numbers are worrying. And what the government of e-Greece has to say on this? It could be interested to hear something from them.



Thank you for reading firs issue of F2S Tribune dedicated to economic circumstances in e-Greece. For now, it is not possible to have Greek print of article (I don`t speak Greek unfortunately). But, it is intended for wide spectrum of readers. If you like it, please vote (and sub, but I will probably never get that MM medal, so it is not so important). Otherwise just vote 😛

Thanks,

Foxdesetubal, Manager of F2S Corporation.