Market economics)

By George Gilson

Prime Minister Kyriakos Mitsotakis announced in a nationally televised statement this evening that the government will give households with an annual income of up to 45,000 euros a rebate equivalent to 60 percent of the energy price hikes that occurred from December 2021 and up  until this month.

Attica Bank is heading towards transitional nationalization, as the process of implementing the law on deferred taxation has started, after the losses it recorded in the fiscal year 2020.

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.

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).

Unemployment in Turkey dropped to 13.6 percent this February, down 1.1 percentage points from the same month last year, the Turkish Statistical Institute (TÜİK) announced on May 11.

The number of unemployed persons age 15 and overslipped by 502,000 year-on-year to 4.23 million by the end of February.

Greece's 13-week treasury bills saw their interest rate return to positive territory on Wednesday as the auction by the Public Debt Management Agency (PDMA) ended with a uniform yield of 0.29 percent, against -0.10 percent in the previous auction of similar T-bills on February 5. 

Turkey has leaped forward in the field of industrial property seeing a year-on-year rise in trademark, patent, utility model and design applications, the industry and technology minister said on Jan. 22.

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.

Kathimerini looks into the impact of the alleged OneCoin pyramid scheme on investors in Greece.

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.