DIMITRA MANIFAVA

Retailers cutting energy costs

Rising energy costs, despite generous government subsidies, are forcing retailers to make some hard choices.

Big price hikes limit holiday options for families

Price rises in ferry tickets, hotels, rental rooms and dining are severely affecting households’ holiday plans, especially for families with children.

09.08.2022 / 15:00

Inflation a bit lower inJuly, at 11.6%

After several months of continuous rise, annual inflation dropped slightly in July, to 11.6% from 12.1% in June, independent statistics authority ELSTAT announced Monday.

06.08.2022 / 08:50

Trade deficit remains high

The trade deficit did not increase as steeply in June, but remains at very high levels, according to data released Friday by independent statistics authority ELSTAT.

04.08.2022 / 10:15

Supermarket online sales drop in H1

Online supermarket sales dropped in the first half of the year compared to the same period last year as consumers switched to cheaper products to compensate for rising prices.

02.08.2022 / 20:19

The Purchasing Managers’ Index (PMI) dipped below 50 points in July, raising fears of a recession. Production and, more alarmingly, orders both dipped last month, although S&P Global maintains that industrial production will rise this year.

01.08.2022 / 09:00

Retail turnover up in May, but only due to price hikes

Retail commerce turnover showed a 5.1% annual increase in May, according to the Hellenic Statistical Authority (ELSTAT), but this was not thanks to an increase in sales.

30.07.2022 / 16:07

Shortages in liquidity and staff worry food service

Food service has faced two successive crises – the pandemic and inflation – which have not only significantly reduced turnover, but are also creating a new round of overindebtedness for the majority of businesses in the sector, with nearly 44% telling a sector survey they have no cash at all.

30.07.2022 / 13:51

Inflation takes a breather

Inflation stopped rising in Greece this month, but despite its marginal easing it remains at a particularly high level.

23.07.2022 / 16:03

Supermarket trolleys getting ever lighter

Consumers are putting less into their supermarket trolleys as price hikes continue to eat into their disposable incomes.

22.07.2022 / 19:43

Current account deficit over €10 billion in January-May

The Bank of Greece on Thursday said that the current account deficit increased by 646.6 million euros this May compared to May 2021 and reached €2 billion.

21.07.2022 / 22:17

Greek olive oil going Italian

The majority of olive oil producers in Greece choose to export their produce in bulk to Italy at very low prices – lower than they export it to other countries – with Italian companies standardizing it and selling it at more than double the price both at home and in many countries abroad.

19.07.2022 / 17:44

Primary sector challenges

Apart from what most consumers experience in supermarkets or on their holidays, the official data, as presented in a recent study by Dianeosis titled “Prospects and Opportunities for the Primary Sector in Greece” also reveal a series of imbalances in the domestic primary sector.

10.07.2022 / 04:00

Consumer price index at 12.1% in June

Inflation recorded a new jump in June, with price increases now extremely high not only in energy products, but also in very basic foods such as bread, milk, olive oil and meat, as well as s range of services which have a direct link with the cost of fuel, such as air, sea and road transport.

07.07.2022 / 16:15

E-grocers shift to 24/7 service

The battle for market share in small retail is shifting to the field of extended business hours, where the entry of the two largest digital platforms for ordering deliveries at home has drastically changed the landscape.