Demand

The Trade Ministry has imposed hefty fines on several restaurants and cafes over adding service charges without visibly displaying them on price lists and informing customers.

Nearly half (44%) of more than 200 Greek property market executives who participated in Cerved Property Services' annual market survey expect further growth in property prices, which is set to happen for both new-build and old homes.

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.

The Greek short-term rental market continues to lead Europe in several categories, as bookings data show that demand from foreigners as well as Greek guests is particularly high.

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.

As long as demand is greater than supply, apartment prices will go up, architect Branka Bonjak tells RTS and reveals when prices are expected to start declining.

The World Bank predicts the strongest price crisis in 2022 since the 1970s due to jumps in the price of energy, metals and food. This is stated in the new Commodity Market Outlook.

Experts from the World Bank predict a 50% increase in energy prices in 2022, and other goods - by 20%.

Courier companies are these days facing demand comparable to the pre-Christmas period or Black Friday, as the coronavirus crisis has sent their workload soaring. However, the conditions they have to operate in are tough, and they are now scrambling to adapt to meet the jump in demand as a result of households' rapid swing toward online commerce.

Economic growth in Bulgaria will remain strong in 2018 and is expected to reach 3.7%, the European Commission's winter economic forecast says.

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.