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Jul
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Greece Travel : Money & Shopping
July 4, 2009 | Leave a Comment
In this installment of our guide to holidays in Greece we look at what you can expect there in terms of shopping…
While Greece isn’t known as a great shopping destination, it does offer some fine and unique local products. The country produces good handicrafts, pottery, jewelry, metalwork, knitwear, lace, rugs and leather goods. In addition, its local wines and spirits make distinctive purchases.
Nearly all Greek cities have large international-style shopping malls with well recognized brands and retailers. But prices are similar to those in other parts of Europe, so you won’t find any real bargains unless sales are underway.
Bargaining is only tolerated in tourist souvenir shops and, sometimes, in family-owned arts and crafts stores. In all other instances, it’s ineffective and offensive. If bargaining is expected, you can expect to get at least 10-20% off of the price, with being able to speak a little Greek likely getting you the lowest possible price.
Most items incur Value Added Tax (VAT) and this is generally but not always included in price tags. However, some shops do provide tax-free shopping for non-European Union residents. Under this system, people who do not live in the EU can seek a VAT refund when departing the EU. To do this, ask for a VAT voucher when buying an item and show a customs officer all such vouchers and the related items upon leaving the EU.
The Euro is Greece’s official currency. This is the only currency that will be accepted but money can easily be exchanged in any tourist center and in the larger cities. The best exchange rates are usually offered by banks, followed by specialist shops, and then automated currency exchange machines. When changing money, make an effort to get mostly smaller denominations, preferably nothing bigger than a 50 note, as many businesses are wary about accepting larger notes.
ATM machines are widespread. Most shops, hotels, and travel agencies accept Mastercard, Visa and Eurocard, but some local souvenir shops and restaurants won’t accept these cards.
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