News archive of November 2016
Card and Payment Industry on the Rise in Bulgaria
According to a new report, the proliferation of payment cards in circulation nationwide grew 2.08% annually from 2009 to 2013, resulting in a figure of USD 8.5 M 2013. Thanks largely to increased awareness and new technologies such as contactless cards, the average transaction value also increased to USD 85.5 (15th in Europe).
Can Dündar, Aslı Erdoğan, Necmiye Alpay blast Cumhuriyet raids, detentions
Authors Can Dündar and Aslı Erdoğan and linguist Necmiye Alpay have slammed the detention of executives and columnists from the critical daily newspaper Cumhuriyet.
Dündar, who until recently was Cumhuriyet's editor-in-chief, said Europe had to decide whether to take a principled stand over the situation in Turkey.
Average tourist spending down, SETE study shows
Data released by the Greek Tourism Confederation (SETE) revealed the negative impact the refugee crisis in Greece and the terrorist attacks in Turkey had on the tourism industry in both countries. According to the details of the study, tourist arrivals, as well as the aggregate revenue generated were adversely affected over the past 7 months in 7 countries in the Mediterranean basin.