GREECE COSMETICS MARKET STILL SMALLER THAN BEFORE START OF COUNTRY’S ECONOMIC CRISIS
May 1st, 2017
SEVEN years of recession and two years of capital controls have taken their toll not only on the Greek economy but also on the country’s cosmetics market, although local companies have been maintaining their focus on R&D and exports. According to the Hellenic Statistical Authority (Elstat), the overall turnover retail index for cosmetics and pharmaceutical products in February 2017 was 58.8% of sales in 2010 – the year marking the beginning of Greece’s financial and economic turmoil. And this is not a good figure, because it is down 4.5% compared to the ...
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