Amazon Closes its Online Shopping Platform in China

The global online e-commerce store admits that support for third-country traders in the mainland of the world's second-largest economy will be halted, reported Econ.bg

In view of the pressure from competitors, Amazon.com Inc. said on Thursday that it is planned "operational corrections" in China to "focus more on cross-border sales."

Bulgarian Cabinet Reports 89% Implementation of the Plan to Reduce Barriers to Business

The government adopted a final report by the end of 2018 on the implementation of the third Action Plan to reduce administrative burdens for businesses, "with 30 percent of the legislation selected," the government's press service said.

The Bulgarian Financial Technology Company Phyre Opens an Office in Romania

Bulgarian company phyre opens office in Romania, announced from there. The start-up offers a mobile phone payment service and a free transaction from one user to another through an application. phyre already has 25,000 active users in Bulgaria. The company has decided to expand its operations in Romania because of the similarity of the two markets.

E-shopping revenues seen rising in 2019

The total revenue of e-commerce in Greece in 2019 is expected to reach 4 billion euros against last year's 3.7 billion, according to the Greek e-Commerce Association (GRECA).
More than 7,000 businesses in Greece have digital outlets and online users are estimated at 3.8 million, the association's president Katerina Fraidaki told a press conference in Athens on Wednesday.

Most retailers see turnover drop due to glut of offers

Seven out of every 10 retailers polled by the institute of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) said that they saw a drop in turnover over this year's winter sales period, from mid-January to the end of February, compared to last year.

Only 8 percent of enterprises reported an increase in turnover this year.