Scheduled summer sales start on Monday, July 11 and end on Wednesday, August 31, 2022, with the Athens Chamber of Commerce (ESA) reminding that the shops can optionally remain open on Sunday, July 17, 2022, with 11:00 – 18:00 being the hours proposed by the Athens Chamber of Commerce.
On the occasion of the imminent start of the sales period, the president of the Athens Chamber, Stavros Kafounis, made reference to the current difficult times as well as the attractive prices being offered as a recompense, noting that consumers can find all categories of products and combine shopping with entertainment.
Given the limited disposable income, this year’s sales are more necessary than ever and everyone is eagerly awaiting them, consumers to cover their needs with less money, businesses to see greater receipts and the economy to take a breather, putting a brake on price hikes, increasing consumption and therefore growth.
What you should watch out for
According to the Athens Chamber of Commerce, commercial enterprises should pay particular attention to the following:
– The listing of a double price, i.e. the old (deleted) and the new, reduced price of all items sold at a discount is mandatory.
– The indication and commercial communication of a discount rate is also allowed.
– If a reduced price is provided on more than 60% of all items sold, the demonstration of the provided discount rate is mandatory, so it should be indicated on the shop window and in any other commercial communication.
– In the event that there are different discount rates per product category, the range of the provided rate should be indicated (“from …. % to …. %”).
– In any other case, it will be stated that the discounts concern selected items, with reference to the corresponding percentage.
– Shopkeepers should, in the event of an audit, be able to prove that the old selling price on the sign corresponds to reality.
Latest News
Deadline for Postal Vote Registration Expires on Mon.
More than 157,000 Greek citizens had registered on the relevant online platform so far
Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area
Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5)
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%