Send to Kindle
Photo by EPA/BGNES
Greek retailers registered the lowest Christmas sales for the past 10 years, down by 40% from 2011, according to preliminary estimations.
According to reports of the National Confederation of Hellenic Commerce, as cited by the Bulgarian National Radio (BNR), Christmas sales of clothes and footwear fell by 50% from 2011, sales of electric appliances decerased by 40%, and sales of cosmetics and books declined by 30%.
Even sales of food products prior to the 2012 Christmas holidays dropped by 20% as compared to 2011.
In December 2012, nationwide spending on food and gifts fell by EUR 7.6 billion, as compared to EUR 9.25 billion in December 2011.
According to expert forecasts, Greek retailers will report a total turnover of less than EUR 50 billion, compared to EUR 60.5 billion in 2011.
Meanwhile, 40% of Romanians said they had allocated less money for the Christmas and New Year Holidays in 2012, 25% of them said they would spend more, and 12% said they could not afford even basic necessities, according to a survey of Romanian Institute for Evaluation and Strategies.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Romanians and Bulgarians spend the largest part of their monthly income on food compared to the other countries in the European Union, with Romanians ranking first at 23.7 %, and Bulgarians following closely behind at second with 18.9%, indicate data from
Increasingly, Greeks are turning to Bulgaria for affordable goods as rising prices in their home country prompt cross-border shopping
The latest Eurostat data for December 2022 unveils an intriguing trend in European travel, with Romanians and Bulgarians emerging as frontrunners in tourist trips within the European Union during the year's final month
Ninety percent of Greeks over the age of 60 have been vaccinated against the coronavirus or have booked an appointment for vaccination, government sources reported.
After months of lockdown, retail shops in Greece will open on Monday, April 5, Deputy Minister for Civil Protection Nikos Chardalias announced on Wednesday.
When the state of emergency in the country was declared in mid-March, many people rushed to food stores and began stocking up on durable products - flour, cereals, canned food, toilet paper...
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
