Dimitra Manifava

Luxury goods companies have been breaking one record after another in Greece in recent years, with sales in 2023, and even in 2022, when the market was under the influence of the pandemic, being higher than those of 2019.

The government is expected to announce budget actions of 3.3 billion euros aimed at the productive transformation of the economic model on Monday afternoon. This is expected to increase by at least €5 billion via leveraging.

The redesign of the investment incentives law, both in terms of the business sectors that are strengthened and in terms of incentives, as well as the redistribution of resources, is at the heart of the interventions the government announced on Monday in its effort to transform Greece's production model.

Supermarkets continue to employ tricks in the presentation of offers that mislead consumers in a way that the “offers function as a conveyor belt for price increases,” as a senior official at the Development Ministry pointed out to Kathimerini.

Inflation is proving extremely persistent, as despite hopes for a de-escalation in October, it strengthened further and reached 3.2%, according to Eurostat estimates, compared to 3.1% in September.

By the end of June 2025, frozen vegetables market leader Barba Stathis will have finalized its agreements with two large multinational companies.

The businessworld, as well as key figures in the Greek economy, see Donald Trump's election to the US presidency this week as an incentive for Europe to act at a faster pace in order to regain its competitiveness.

Greece shows a significant lag in terms of governance effectiveness, based on specific indicators of the World Bank, compared to the high-income members of the OECD, and even compared to 2013, with the country in its economic crisis.

The domestic market is already in Black Friday mode, as some companies have already started offers and discounts.

More than 230,000 businesses have closed in the last decade, at a rate returning to high levels after the 2020-2021 period, when businesses that made use of pandemic relief measures were not allowed to permanently shut down.