Market

The international jet set is expected to take a particular interest in the Greek luxury holiday home market this summer.

Turkish retailers DeFacto and Beymen have canceled their initial public offering, citing low demand stemming from recent high volatility in emerging markets.

Consumers and employment in Greece have enjoyed considerable benefits from the opening up of commodity markets implemented since 2010 (in the context of the bailout programs and the recommendations of the Organization for Economic Cooperation and Development), according to a study by the Center of Planning and Economic Research (KEPE).

The free energy market will be the topic of a roundtable to be held in parliament on Tuesday, Nova TV reported.

MPs and the chair of the Energy Regulator will discuss the changes to the basic energy bill, with which the system will reach full liberalization.

Apartment transactions in parts of Athens, including the center, are expected to soar in the next few months - with prices set to jump too - as the Greek residential property market has become the focus of dozens of foreign real estate agents, as well as Chinese travel agencies.

President Klaus Iohannis on Thursday awarded Chairman of the Trade Competition Council Bogdan Chiritoiu and three other competition officials Romania's Star in the rank of Knight decorations to celebrate the 20th anniversary of the Competition Council, as a token of high esteem for the significant contribution to the protection and boost of competition on the Romanian market in order to develop

The Commission for Protection of Competition (CPC) has imposed a fine of BGN 1,775 on "Bulgarian Stock Exchange" AD for unfair competition, the anti-monopoly agency said.

The state claims ignorance about the precise numbers of producers and sellers active in street trading and especially at open-air markets ("laiki agora"). The picture regarding their earnings is even more unclear in what is a vital sector for primary sector producers and consumers alike.

The real estate market continues to grow at a record pace in 2017, with the main reason being new construction. For the second quarter of the year, 207 building permits were issued for residential buildings in Sofia, an increase of 25% compared to the first quarter of the year and 10% compared to the same period in 2016.

Some countries have much larger shadow or unofficial economies than others. Greece’s shadow economy is worth over a fifth of its total output, and Italy’s isn’t far behind, says a research by German IAW. However, the chart refers only to selected industrialized countries. And Germany is not doing much better…