Market

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…

2017 is expected to be record for the retail market in Bulgaria, predicts Forton, a strategic partner of Cushman & Wakefield for Bulgaria.

In the first eight months of this year, transactions for over EUR 400 million were made, the company reports.

Greece represents a key gateway for counterfeit goods, including jewelry, cosmetics and toys, entering the European Union, while the market share of such products compared to the real thing is higher than previously thought, a related market report has concluded.

Farmer organizations in the southern province of Antalya on Aug. 14 protested Russian officials over their decision to not import fresh fruits and vegetables from Turkey, by eating tomatoes, in a bid to showcase its quality and hormone-free status.

City of Athens authorities have conducted more than 600 inspections as part of a crackdown on the illegal trade of goods and products, seizing over 2.7 tons of fruits and vegetables, and 3,000 contraband items, the municipality said Wednesday.

The majority of the inspections were conducted at open-air markets, and authorities issued a total of 28 fines worth 16,350 euros.

The UK has the second biggest market for art according to new research by the British Art Market Federation (BAMF) which aims at measuring British art trade and its influence on a more global scale. Reports Investor.