Marketing strategy

The Ministry of Development is considering imposing a limit on promotional actions by retailers through the definition of a maximum percentage of volume and value of a product that will be allowed to be sold under an offer regime, Kathimerini understands.

The prices of a minimum of 50 food products in the large retail chains that have joined the campaign of the Bulgarian Ministry of Economy and Industry will be lower from today - November 15. They will be branded with the "Affordable to You" (Достъпно за вас) logo.

Fast-moving consumer goods (FMCG) retail, excluding tobacco and alcohol, in Türkiye grew by 86 percent in the first eight months of 2023, a report by NielsenIQ has shown.

The relentless rise of food prices is expected to be the biggest headache for the Development Ministry's new leadership.

The challenge is even greater as this Friday the much-touted Household Basket measure expires, as does the provision on the ceiling on profit margins for a range of essential commodities.

Greek enterprises' turnover grew 8.3% or by 7.5 billion euros in the first quarter of 2023, totaling €97.56 billion, from €90.1 billion in the same period last year, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.

Based on the Cypriot government's timeline, the introduction of e-kalathi, a new digital platform for monitoring retail product prices, is expected to take place around early 2024. The bill has been given the green light by the Council of Ministers and will soon be presented to the Parliament.

Once passed, e-kalathi will be available as a smartphone application for consumers to use.

The sticker, which will show the permanently low prices of food products in stores that wish to be included in the foodprice.bg information system, is finally ready, reports the Ministry of Economy.

The electronic platform provides information - from the cost of the raw material, through that of import and wholesale, to the final price that people pay in the store.

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Agency is now promoting the preparation of a bill for the provision of a digital tool that will allow for the daily comparison of products' retail prices.

The implementation of the recent decision of the Regional Authority of Attica to ban trucks over 2 tons from 9 a.m. until 9 p.m. is estimated to signify an additional burden of 5 million euros per year for the supermarkets located within the limits of the Municipality of Athens.

Turkey's unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could only do so for a short period.

Finance Minister Nureddin Nebati asked clothing and shoe stores to launch their discount season well ahead of usual March after grocers had done the same.