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consumers

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Switch to cheaper products

Switch to cheaper products Almost all consumers have turned into avid bargain hunters, whether the products are a part of the “household basket” measure or the usual promotional programs carried out by suppliers in cooperation with retailers, in an effort to save money amid the inflationary crisis, a new analysis has confirmed. According to a […]

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High uptake of ‘household basket’ app

High uptake of ‘household basket’ app Hundreds of thousands of consumers have downloaded the app for the “household basket” and are using the relevant website e-katanalotis.gov.gr, the company tasked with developing the relevant software and training supermarkets in its use said on Thursday. “We are extremely proud of the acceptance of the ‘household basket’ measure […]

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“Black Friday” hype engulfs consumers across Greece

“Black Friday” hype engulfs consumers across Greece The business world’s “Black Friday” hype has now begun to engulf consumers in Greece, who are eager to take advantage of the special sales offered annually by retailers, according to greekreporter.com. The Black Friday phenomenon began in the United States, as the day after Thanksgiving gradually became the […]

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Exorbitant charges by banks

Exorbitant charges by banks The electronic transactions carried out daily by consumers come at a significant additional cost as a result of bank charges. For a simple transfer like forwarding money from one bank account to a third party in another bank, for example, the charge is around 3 euros. For an immediate payment, i.e. […]

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Consumers give vote of confidence to the ‘household basket’ in Greece

Consumers give vote of confidence to the ‘household basket’ in Greece Consumers gave a vote of confidence to the “household basket” in the first days of the measure’s implementation, ANA reports.“The support of consumers in the first days is impressive and indeed the prices are comparatively better and will be even better as a result […]

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Survey points to main advantage of online stores

Survey points to main advantage of online stores According to 46% of consumers, the lower prices of products compared to those applicable in physical stores is one of the greatest advantages of shopping at online stores.  According to a survey carried out by the Competition Commission, however, a large proportion of suppliers impose selling prices […]

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Greeks like e-commerce but point to shortcomings

Greeks like e-commerce but point to shortcomings Almost all consumers (95%) say they are satisfied with their overall experience of online shopping, given that fraud phenomena hardly ever occur, per the sectoral research on e-commerce carried out by the Competition Commission. However, there is a series of inhibiting factors for the development of the sector […]

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Consumers paying more, shopping less

Consumers paying more, shopping less Households in Greece have paid about 320 million euros more in the first nine months of the year than they did in the same period last year but they bought fewer products (1.8% less) in total.  Inflation is forcing consumers to dig deeper into their pockets to cover basic needs, […]

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Greek consumers hunt for bargains during inflation

Greek consumers hunt for bargains during inflation The jump in inflation compared to last year has brought significant changes in the behavior of Greek consumers. The new conditions changed the prioritization of households’ baskets and highlighted new factors contributing to their choices. If in the past the product quality and safety were the main selection criteria, […]

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Shrinkflation hits the market

Shrinkflation hits the market Consumers who buy certain goods, like a popular brand of margarine, for example, have been in for an unpleasant surprise over the past few weeks: When they open the package, which on the outside seems almost identical to the one they used to buy before, there is considerably less product inside. […]

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Oil is a safer choice for Greek consumers, says energy expert

Oil is a safer choice for Greek consumers, says energy expert The price of natural gas has skyrocketed due to the energy crisis, with many consumers turning to oil. Orestis Omran, lawyer and expert in energy matters, spoke on MEGA channel, about whether Greece is ready to face the difficult winter ahead. As he pointed […]

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Food prices derail Greek family spanding

Food prices derail Greek family spanding Consumers are experiencing a constant shock from constantly rising  ahead of a bleak winter, as they now increasingly choose private label products, sale items and bulk food to fill their supermarket baskets only by half. Prices rise for the 16th straight month The upward trend of the “Food and […]

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EU Commission approves Greek plan for non-household electricity consumers

EU Commission approves Greek plan for non-household electricity consumers The European Commission has approved an 800-million-euro Greek program to support non-household electricity consumers in the face of the challenges posed by Russia’s ongoing war against Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on March 23 and […]

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Greek Tax Authority Launches Receipt-Checking App for Consumers

Greek Tax Authority Launches Receipt-Checking App for Consumers Greek Tax Authority Launches Receipt-Checking App For Consumers. Credit: Appodixi App Screenshot The Greek tax authority launched a receipt-checking app for mobile phones which enables consumers to detect fake cash register receipts. The new Appodixi App, named after the Greek word for “receipt,” enables consumers to verifying the […]

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Tiered subsidies for electricity

Tiered subsidies for electricity Electricity rates for the vast majority of household consumers (up to 500 kilowatt hours) will be contained next month to 14 to 17 cents per kilowatt-hour, thanks to the high state subsidies absorbing 90% of the increases.  Above 19 cents and up to 31.2 cents/Kwh, the charges for the second scale […]

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Consumers slash spending

Consumers slash spending The majority of households in Greece have cut down considerably on spending on clothes and household items, but also on food and electricity, with this trend actually increasing about seven months after the start of the war in Ukraine, compared to the spring. Consumers do not expect any de-escalation of the hostilities […]

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Power users return to PPC in droves

Power users return to PPC in droves Power consumers seem to be seeking refuge from the high prices and insecurity from the prolonged energy uncertainty in the arms of PPC. Unofficial market data on customer transfers in August, the first month of the implementation of the new pricing system and free customer movement from provider […]

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Fresh hikes are expected in food prices

Fresh hikes are expected in food prices Consumers should brace for further price hikes of up to 16% on food and other supermarket purchases in the coming period, as new price lists with price increases continue to arrive at retailers. The fact that the increases in food prices are not contained, but quite the opposite, […]

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Register for power consumers

Register for power consumers Electricity suppliers are trying to prevent so-called “energy tourism” – i.e. the phenomenon of consumers constantly switching from one provider to another, leading to the accumulation of arrears – by creating a consumers register similar to the Teiresias register of bad debtors. In August, the first month of implementation of the […]

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Greece plans more measures to relieve consumers from energy crisis

Greece plans more measures to relieve consumers from energy crisis Greece sees higher than initially forecast revenues from tourism, its economy’s biggest cash-earner, and plans to announce further measures to help consumers deal with soaring energy prices, the government spokesman said on Monday. Government spokesman Giannis Oikonomou said that tourism revenues this year are seen […]

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With energy prices sky-high, consumers must fork out or cut back

With energy prices sky-high, consumers must fork out or cut back It is a nightmare prospect, but a real one: households having to pay 5-6 billion euros to buy heating oil and natural gas for the winter. Last year, heating oil was selling for €1.16 per liter. This year, the start of the winter season, […]

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Consumers cutting down on power use

Consumers cutting down on power use Greece may not have imposed mandatory energy-saving measures like other European countries in an effort to limit the impact of soaring power prices, but that hasn’t stopped households and businesses from self-regulating their consumption to reduce costs.  Indicatively, data from Greece’s power grid operator, ADMIE, show a dip in […]

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Fuel adulteration: Large price discrepancies at gas stations should make consumers suspicious

Fuel adulteration: Large price discrepancies at gas stations should make consumers suspicious “Fuel adulteration is not a new phenomenon, but today the smugglers and those who adulterate fuel have become experts in this game, so it is very difficult to catch them” Athanasios Papadopoulos, vice-president of the Federation of Gasoline Dealers of Greece, pointed out. […]

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Greeks cut back on cosmetics, clothing

Greeks cut back on cosmetics, clothing With prices soaring, Greek consumers are cutting back on non-essential products, such as cosmetics and fashion items. People are reducing spending because of shrinking real incomes due to inflation and especially the increase in energy costs, which is also having an impact on businesses, such as cosmetics companies, some […]

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Consumers abandoning brands for private-label products

Consumers abandoning brands for private-label products Faced with an inflation level without precedent in the past 27 years, an increasing number of consumers are abandoning brands for private-label products.  A survey has found that supermarket sales of private-label products in the first half of the year (or, more accurately, until June 17), have grown 8.6%, […]

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Cyprus offers consumers power subsidy

Cyprus offers consumers power subsidy The Cypriot cabinet decided on Thursday to introduce a subsidy that will cover part of the increase in electricity rates. As Minister of Finance Constantinos Petrides stated, the subsidies will be made available for residential, commercial and industrial consumers and will cover between 50% and 100% of the hikes. The […]

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Supermarket trolleys getting ever lighter

Supermarket trolleys getting ever lighter Consumers are putting less into their supermarket trolleys as price hikes continue to eat into their disposable incomes. According to data published on Friday by NielsenIQ, the sales volume in the food and beverage category fell in the first half of 2022 (data up to June 19) by 2.7%, a […]

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Consumers: Inflation boosts private label sales

Consumers: Inflation boosts private label sales Private label products continue to occupy significant space in consumers‘ cupboards and fridges. The growing trend of private label products seems to attract more and more Greeks. Vulnerable households, as well as a growing segment of the middle class, are trying to make ends meet by cutting back on […]

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Chamber of Commerce and Industry of Piraeus Prez.: One in two consumers wary during summer sales period

Chamber of Commerce and Industry of Piraeus Prez.: One in two consumers wary during summer sales period The president of the Chamber of Commerce and Industry of Piraeus (EBEP) and the Regional Chamber of Commerce of Attica (PESA), Vassilis Korkidis, noted that consumers are cutting back on spending and that one in two have exhibited […]

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Cash withdrawals at retailers in Cyprus

Cash withdrawals at retailers in Cyprus Following an{international trend, consumers in Cyprus will now be able to withdraw cash without a fee at supermarkets, bakeries, butchers and gas stations that opt to provide the service. The maximum withdrawal limit has been set at 100 euros. The service has been in place for many years in […]

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