retail sector

The concerning figures come in spite of the summer sales by retailers, as consumers are trying to make ends meet due to the rising cost of living.

The latest sweep by Greece’s tax bureau, this time targeting the e-commerce sector in the first half of the year, reportedly identified 52 online violators

Signs of reduced consumption were recorded in April, as it appears that ongoing and widespread inflation has created conditions for a downturn in retail.

Regionally, Thessaly experienced the highest increase in turnover in the first quarter of 2024 compared to the same period in 2023, with a 5.3% rise.

Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5),

It should be noted that businesses with simplified accounting data, predominantly small-scale, experienced their first sales decrease of 3% in the last quarter of 2023.