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
Foreign-Owned Businesses in Greece Thrive in Trade and Services
Despite government efforts to attract foreign investment, only 0.6% of all businesses across Greece are foreign-owned.
41st Athens Marathon- Traffic Regulations in Athens from Thursday to Sunday
Traffic regulations will be implemented gradually, starting from Thursday, as part of the 41st Athens Marathon.
Greek Households Most Pessimistic in Europe: IOBE Report
Over six in ten (65%) of households said that their financial situation worsened over the past year
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti