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Tag Archives: retail

“Paper Dragon”: Authorities uncover tax evasion ring involving 287 Chinese-owned businesses

Operation “Paper Dragon”: 287 retail stores of Chinese interest active in Greece were found out to have committed big scale tax evasion The international organized tax evasion ring involving Greek and Chinese businessmen, accountants and technicians was supplying companies with cash registers, specialized algorithm mechanisms and software to avoid paying …

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Retail stores in Greece open on Sunday, Nov 26

Retail stores in Greece will open nationwide on Sunday, November 26, 2023. According to Athens Trade Association SELPE, the stores will be open from 11 a.m. until 8 p.m. It is unclear whether some supermarkets chains will follow. Stores in Greece are closed on Sunday with some exceptions on pre-Christmas …

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Greek Public Power Co. (PPC) buys Kotsovolos electronics retailer

Greece’s Public Power Corporation (PPC/DEH) announced on Friday the acquisition of electronics retail company Kotsovolos for 200 million euros. The PPC noted, among others, that the acquisition of Kotsovolos will bring savings of approximately 100 million euros which, according to the investment plan, was intended for the creation of a …

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Ermou street in Athens among 15 most expensive retail in the world

Ermou street in downtown Athens is the 14th most expensive shopping street in the world, up one spot compared to pre-pandemic levels. The most expensive shopping street in the world for 2022 is New York’s Fifth Avenue, The rent in the biggest Greek commercial square for high-end shops is currently …

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Retail shops will open on Sunday, Nov 27, says SELPE

Retail shops throughout the country will be open on Sunday, 27 November, from 11:00 to 20:00, the Association of Retail Businesses (SELPE) said in an announcement on Tuesday. SELPE announcement comes a day after retail workers had announced that shops will not open on Sunday, Nov 27, 2022. Additionally, on …

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Retail stores will not open on Sunday, Nov 27

Retail stores in Greece will not open for business on Sunday, November 27, the  Federation of Private Sector Employees (OIYE) announced on Monday. In its announcement, the federation said that the government is pushing for Sunday trading on this specific date “only out of favoritism for the big franchises.” According …

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Supermarkets, retail opening hours on Good Friday, Holy Saturday

Supermarkets and retail stores in Greece will operate with specific opening hours on Good Friday and Easter Saturday, April 30 and May 1, the Development Ministry said on Thursday. Note that supermarkets and retail stores are closed on Easter Sunday and Monday, May 2-3, 2021. Good Friday April 30 Super …

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Retailers in 3 cities symbolically open their stores in protest against gov’t decision

They opened their stores and hanged black flags, banners and funeral announcements. They turned on the lights and stood at the entrance doors of their empty shops. Retailers in Thessaloniki, Patras and Kozani did not accept customers as this would risk a 3,000 euros fine for them and 300 for …

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Retail impossible to open again on March 29, says Minister

Given the health circumstances, it is impossible for retail to open again on March 29, deputy Interior Minister Stelios Petsas said on Tuesday morning. “The government priority is the public health and currently the opening of stores is impossible to happen,” Petsas told Skai TV. he estimated that things will …

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Retail could open again sometime in mid-March, says Minister

“The retail sector could open again sometime in mid-March,” Alternate Interior Minister Stelios Petsas said over the weekend. Speaking to Skai TV, he said “we are nearing the end of an unprecedented drama,” and noted that “this year’s Easter holiday will be different to last year.” If Greece proceeds with …

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