Consumer theory

Efforts continue so that Greek consumers can enjoy quality products at reasonable prices

Demand expectations by Greek hoteliers reached a historic high in the two months of January and February, in contrast to the rest of the Mediterranean market.

Demand has been rising for secondhand cars in a market trying to fend off the tight supply of new vehicles.

Besides the availability problems, what drives the demand is people's expectations that prices will go up in the coming months due to the perceived depreciation of the local currency.

The jump in inflation compared to last year has brought significant changes in the behavior of Greek consumers.

A literary club offering a reading room opened in the center of Bulgaria's capital Sofia on Wednesday, after having been on demand for years.

Peroto ("The Feather"), a library and a bookshop at the same time, is to offer readers the newest titles, Miroslav Borshosh, the Director of the National Palace of Culture where it is based, told guests at the opening ceremony.

By Chryssa Liaggou

Fuel retailers are reporting that rising demand has come to a sudden halt this month, despite the drop in prices. The development is indicative of the negative impact that the climate of uncertainty has had on the market.

BELGRADE - Under the new consumer protection law, consumers who have a complaint about faulty goods will be entitled to a refund, replacement or repair for six months after the purchase, and the refund will be provided within 30 days, Minister of Trade, Tourism and Telecommunications Rasim Ljajic said Monday.

The share vacant office space in Bulgaria's capital city of Sofia has dropped to 17.7% or just under 290 thousand sq.m. in Q1 2014.

This has been the lowest rate of vacant office space since Q1 of 2010, according to data by real estate company MBL, cited by Investor.bg.

The cost of electricity appears set to increase for low household consumption (of up to 800 kilowatt-hours per four months) and decline for low- and medium-voltage commercial consumers through the termination of so-called cross-subsidies, demanded by the country’s creditors through the revised bailout agreement.