Microeconomics

While Greece has managed to digitalize much of its bureaucracy, this has not reduced red tape or made it cheaper. Indeed, Greeks pay indirect taxes amounting to hundreds of millions of euros for financial as well as personal transactions, hidden in the form of an administrative fee, known as "paravolo" in Greek.

As of September 2018, youth unemployment in Turkey stands at 19.4%, a very high ratio by any standard. Youth unemployment is a very serious issue with broad consequences, ranging from the loss of young talents to a skills crisis, from social security issues to social harmony matters.

Transgaz published on its site the announcements regarding the sale by auction of the export -import capacities of gas from and to Hungary and Bulgaria for the gas year 2018 - 2019.

The unemployment rate was 3.48pct at the end of June, at the same level as in the previous month, for the second consecutive month being the lowest value of the unemployment rate in the last 26 years, according to the data released on Monday by the National Agency for Employment (ANOFM).

Compared to June of the previous year, the unemployment rate decreased by 0.69 percentage points.

The Government's intention of capping gas prices is a communist practice up to a point, but necessary, because on this market there is no competition, and companies raise prices as they please, said Thursday, Finance Minister Eugen Teodorovici, present at the White Book of SMEs launch conference.

Tax inspectors sealed six of the eight temporary shops, which are part of the trade show for Bulgarian goods at Troikata Square for not issuing cash receipts.

Prior to the imposition of the measure, the officers of the Revenue Authority had previously executed a series of control purchases based on the "secret client" principle.

Natural gas prices will increase from July 1 with 10.8%, energy regulator KEVR reported, quoted by bTV.

Preliminary estimates show that this will lead to an average of 7% more expensive central heating and hot water from next month.

Because of the rise in natural gas prices, it is not excluded that the price of electricity may increase by more than initially projected 2%.

A single pair of premium melons fetched a record 3.2 million yen ($29,300) at A May 26 auction in Japan, where the fruit is regarded as a status symbol.

U.S. consumer prices rebounded in April after dipping in March, driven by a surge in gasoline prices and an uptick in housing costs, the Labor Department reported May 10.     

This Friday the E-Auction online platform for foreclosures will for the first time also open for the state, which will start using the tool to pressure major debtors to settle their arrears to the tax authorities.