Article by Charlene Lacandazo
Greece is a developed country, ranking as the 27th world’s large economy. However, as the economical crisis played the country, many companies and businesses were fighting and touched by the catastrophe. This could be a reason of a watery demand for Greek translation; hence the translation market was possibly at risk as good.
In the other beginning of 2010, the world was undergoing a fiscal and economical crisis and corporations or businesses in all sectors of the economy were affected. Some suffered from a life-threatening and big impact of crisis and some rested firm.
When the economical crisis enters a country or a business, translation buyers are assaying to manicure downwards their expenses of hiring a translation company or a translator, but they too desire to hold the full quality of their products or services. So, how has the Greek economical crisis influenced the translation market?
Since the beginning of 2010 when the fiscal crisis played Greece, translation companies have really been in luck, because there was a rise of the demand of Greek translation. Surprisingly, rise in the demand of Greek translation is higher than any other Western languages like Spanish, Italian, French and German.
When the fiscal crisis hit Greece, most of the documents that were in demand for translation were business documents. In addition, the Greek language was one of the major languages that translation companies were treating with.
The rise of the demand of English-Greek translation services is most likely because most of the outside organizations like the European Union or some of the neighboring countries were trying to infect aid and assist the Greek economy to retrieve. Business corporations did the same thing as good, they desire to rescue their businesses in Greece and that would assist to uplift the economy of the country.
One of the potential reasons that Greek translation undergone a surprising rise was because, when the economy is downwardly, one way for corporations or firms to deal with this is to be strong-growing and increase the advertising for the company’s products and services. Thus, still a watery economy can benefit translation companies.
However, the crisis would not played all the companies, and so translation companies including freelance translators are nonetheless receiving an uninterrupted stream of work. Hence, there is no change owed to the effects of the crisis.
Obviously, the economical crisis affects near every business and industry sector. However, translation companies are an effective tool for businesses and therefore, full for the economy. Businesses that do not bid assist from the translation industry have a greater chance to burst from the crisis later or not at all.
About the Author
Charlene Lacandazo works for Rosetta Translation, one of the best-known translation companies in London, whose services span the whole gamut of language translation services. It has particular strengths in telephone interpreting.