Trade

Cigarettes will have new prices and new excise labels. The prices of some brands have already risen, reports bTV

The reason for the surge is the changes in excise duty on tobacco products. The most common cigarettes that cost 5 leva will reach 5.20 leva. However, this is increase in price is also for the lower class brands.

The Hellenic Retail Business Association (SELPE) announced on Monday that stores will remain open until 9 p.m. on weekdays and until 8 p.m. on Saturdays as of this Thursday, when Christmas opening hours come into force.

It added that retailers will also operate on the three remaining Sundays of the year from 11 a.m. to 8 p.m.

Overtaxation has forced Greeks to cut down on grocery spending, as IRI Hellas researchers have found that supermarket sales in the January-September 2017 period were 6.7 percent below the level recorded two years earlier and 7.4 percent below the 2014 level.

The stories of "firsts" are testaments to the forward-thinking mind-set and courage of those who decide to try something new, despite the risks. The story of the first supermarket in Athens is no different. The Thanopoulos family business became the catalyst for the modernization of the wholesale and retail trade of food and non-food items in Greece.

The sale of cheaper red meat to two supermarket chains under the coordination of authorities will continue until the market becomes steady and stable, a top Turkish official has announced.

Swedish furniture retailer IKEA has withdrawn a television advert in China featuring a mother who threatened to disown her unmarried daughter after it unleashed a wave of criticism on social media for being sexist and insulting single women.

Greeks have reduced their spending on grocery goods by about 20 percent since the beginning of the financial crisis, changing purchasing as well as dietary habits under the pressure of tax hikes and shrinking incomes, according to the results of a survey released this week in Athens.

Greeks have reduced their spending on grocery goods by about 20 percent since the beginning of the financial crisis, changing purchasing as well as dietary habits under the pressure of tax hikes and shrinking incomes, according to the results of a survey released this week in Athens.

The Swedish furniture giant, IKEA, plans to invest in neighboring Serbia over EUR 200 million over the next five years, according to a news release by Western Labor Minister Zoran Djordjevic.

The company has already invested EUR 60 million in the country and hired 330 employees for its Belgrade site, which started work about a month ago.

The Lidl supermarket chain has apologized to its users for removing crosses from photos of churches from the Greek island of Santorini, which graphically shaped their Greek product line, and promised to change the offensive packaging as soon as possible. Reports Mediapool.