The volume of turnover for retail trade (excluding trade in motor vehicles and motorcycles) increased in the first three months of this year, compared to the same period last year, both as gross series and as series adjusted to the number of working days and seasonality by 9.4pct and 7.5pct, respectively, informs the National Institute of Statistics (INS).
Romanian managers are expecting a sharp decline in business in all sectors of the economy for the next three months, a dip in the number of employees in all sectors of the economy and an increase in retail prices, according to a survey released by the National Institute of Statistics (INS) on Tuesday.
E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the U.N.'s trade and development body on April 27.
The estimated 2018 e-commerce sales value, which includes business-to-business (B2B) and business-to-consumer (B2C) sales, was equivalent to 30% of global GDP that year, according to U.N. Conference on Trade and Development (UNCTAD).
Restrictions on the operation of retail stores will gradually start to ease in mid-May, Development Minister Adonis Georgiadis said on Thursday, adding that the lifting of the measures will take place in reverse order to that in which they were introduced.
This means that the first businesses to be allowed to reopen will be the retail stores that were shuttered on March 18.
Consumers have increasingly moved shopping to online platforms in the wake of the coronavirus outbreak which is also forcing Turkey's retailers to adapt to this new trend.
The country has introduced a series measures and restrictions to curb the spread of the virus, including the closure of shopping malls and non-essential stores.
Retail sales volume with constant prices in the Turkish economy jumped 10.6 percent year-on-year in February, according to official figures released on April 13.
During the month, the highest annual hike was seen in non-food sales -- except automotive fuel -- with 14.7 percent, the Turkish Statistical Institute (TÜİK) stated.