RETAIL

disappointing-turnover-for-retailers-in-november
ECONOMY

The impact of inflationary pressure and the restrictions imposed on retail commerce last November is now reflected in the figures, as official turnover data may have shown an increase from November 2020 (when Greece entered its second lockdown), but it also posted a reduction from November 2019.


inflation-at-an-11-year-high
ECONOMY

The Greek consumer price index has topped 5% for the first time since January 2011, as in December it reached 5.1% on an annual basis, the Hellenic Statistical Authority (ELSTAT) confirmed on Thursday.


supermarkets-want-tax-cuts
ECONOMY

Supermarket chains are calling on the government to reduce taxation on some basic food items in order to ease the burden on consumers.

french-giant-carrefour-on-its-way-back-to-greece
BUSINESS

Ten years after its departure from Greece, in the early days of the debt crisis, French supermarket giant Carrefour is returning to the country, this time with a different partner and targeting small retailing through cooperation with local chains.


[Shutterstock]
ECONOMY

Households are bracing for a further drop in their disposable incomes and retailers for a further decline in demand, following a lower-than-expected market performance over the festive season.

safepass-fines-on-cypriot-stores
PANDEMIC

Inspections in Cyprus have intensified in recent days as part of a crackdown on violations by citizens and enterprises of Covid-19 safety rules, leading to dozens of fines being issued on a daily basis, including against supermarkets. As the Omicron variant drives up infections, authorities have specifically targeted retailers, given that it is mandatory in […]



[AP]
ECONOMY

The 2022 winter sales will begin across Greece on January 10 and will run through February 28, the Association of Business and Retail Sales of Greece (SELPE) has announced. 

e-commerce-growing-in-greece
ECONOMY

E-commerce turnover in Greece will exceed €14 billion in 2021, a record, according to estimates announced at the 7th Economic Forum of the Hellenic Entrepreneurs Association.

[SOOC]
ECONOMY

Companies selling personal hygiene products such as protective masks may face fines of up to 1 million euros if found to be profiteering, the General Secretariat for Commerce and Consumer Protection announced on Monday.


retail-market-sees-turnover-drop-25-on-2019
RETAIL

The advent of the Omicron variant of the coronavirus is having a seriously negative effect on retail turnover this Christmas that is expected to come to 25-30% below that of 2019.

[InTime News]
ECONOMY

Greece’s retail sector has been hit hard by the ongoing Covid-19 pandemic, according to a survey published on Wednesday by the Athens Chamber of Tradesmen, as the industry is calling for further state support to avert the closure of thousands of businesses.

minister-expresses-christmas-optimism
NEWS

This year’s festive season will be totally different to last year, according to Development Minister Adonis Georgiadis, who noted that “shops are open, the market is working, there is turnover and jobs are being maintained.”