Market economics)

Retail sales volume shrinks 0.8% in June

Turkey's retail sales volume with constant prices fell 0.8% year-on-year in June, the Turkish Statistical Institute (TÜİK) announced on Aug. 14. 

"In the same month food, drinks and tobacco sales increased by 3.0%," TÜİK said.

Excluding automotive fuel, non-food sales dropped 2.8%, while automotive fuel sales slipped 0.9% over the same period.

Managers in Romania expect relative stability in construction, retail trade next three months

Romanian managers estimate for the next three months a relative stability of activity in construction and retail trade, a moderate decrease in the number of employees in construction, retail trade and services as well as price raises, according to the findings of a trend survey published on Thursday by the National Institute of Statistics (INS).

Ferry fuel sulfur cap jacks up prices

The international 0.5 percent sulfur cap on marine fuel, applying as of January 1, has already raised the cost of shipping transport by about 7 percent. This is expected to affect the competitiveness of product exports from islands such as Crete, while also leading to a hike in the price of goods shipped to all the Greek islands.

Boutiques Buy Second-Hand Clothes and Sell them at Triple the Price

Expensive boutiques buy the best clothes and accessories from second-hand stores to resell them at least double and triple the prices, Telegraph reported. This was also confirmed by the head of the Association of processors and second-hand apparel retailers Sevdalin Spasov.

Physical Stores Remain Fashionable in Sofia

The progressive development of online commerce globally has not significantly affected the demand for modern commercial properties in the capital in the first half of 2019. On the contrary, it has reached record levels on a half-year basis since 2015. The total utilized area for the period under review is 21,900 sq.m. This is stated in the latest report by Colliers International.