Nortec Multimedia has announced that their partnership with Nintendo of Europe will come to a close at the end of the year.
The company has acted as Nintendo’s official distributor in Greece and Cyprus since 1997, later taking responsibility for the Balkans in 2002. While sharing that they have endured the “relentless economic crisis” that has affected Greece over the past six years, they cite “important trade issues with Nintendo” as their otherwise undisclosed reasoning behind what can be seen as a particularly significant decision.
“As you all know, Nortec Multimedia withstood the relentless economic crisis which affects our country over the last six years. Even today the company is healthy and operates without loans.
“However, a number of important trade issues with Nintendo oblige to put an end to our long-term cooperation. Therefore, with great sadness we inform you that our partnership with Nintendo ends on 31st December 2015.
“We would like to express our gratitude to all our partners for the hearty and continuous support over the years and of course all consumers and fans of our products. Also, we wish Nintendo the best for its future plans and activities in Greece, Cyprus and the Balkans.”