Retail

Shops to open on Sunday

Retail stores and shops will be open on Sunday due to winter sales.

The proposed business hours are from 11 a.m. to 6 p.m., while shopping centers and department stores will operate from 11 a.m. to 8 p.m.

Most businesses fail to survive

Most Greek businesses are extremely short-lived, as 56% of them "die" before completing a decade of life. This proves business ventures in Greece are often done casually, without a plan or sufficient funds, motivated by need and not because the would-be entrepreneurs have identified a real opportunity.

Bulgaria: Retail Turnover Sees 3.2% Year-On-Year Increase in November

The latest data from the National Statistical Institute reveals a positive upswing in Bulgaria's retail sector for November 2023. Retail turnover experienced a 0.5% increase from the previous month and a substantial 3.2% rise compared to the same period last year.

Yearly Highlights

Turks mostly bought food, health products online last year

Turkish consumers mostly ordered food, health and beauty, clothing and technology products last year, a report by e-commerce platform Hepsiburada has shown.

Small household appliances were also among the most popular items among online shoppers.

Consumers went online for shopping mostly on Mondays and Tuesdays and between 9 p.m. and 10 p.m.

Economic Shift: Bulgaria's Business Climate Slumps in December

Bulgaria faces a challenging turn in its business climate as December reports unveil a decline in the total business climate indicator by 1.8 percentage points (pps), dropping to 19.8% from November's 21.6%. The National Statistical Institute highlighted a downturn primarily impacting construction, retail trade, and services sectors.

Industry Holds Steady but Faces Hurdles

Retail’s December turnover to match expectations

"It appears that the forecast for the turnover of the retail market in December - that it will exceed last year's 3.83 billion euros and peak at above €4 billion - is going to prove accurate, while the consumers' preferences regarding gifts remained the same, with clothing and footwear in first place, followed by gift items, toys and cosmetics," the president of the Piraeus Chamber of Commerce

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