Pricing

The new year has ushered in a wave of controversy in the bustling tourist hub of Antalya, where a whopping 80 percent surge in haircut prices has become the talk of the town.

A pivotal regulation, effective since Jan. 1, 2024, now mandates the visible display of price lists at the entrances and tables of restaurants, cafes, and bakeries. The Trade Ministry's regulation, prompted by a surge in complaints about undisclosed charges on bills, aims to ensure consumer protection and foster transparent pricing.

The time to choose colored electricity tariffs has arrived and consumers will be pleasantly surprised, since the prices across the range of rates are lower than what they have been paying until now with subsidies.

Market data indicate that governmental measures to address inflation are insufficient. For effective competition, consumer oversight is essential, in addition to regulatory measures. Cultivating consumer awareness is crucial so that products with competitive prices are recognized and rewarded on supermarket shelves.

Bulgaria is bracing for a substantial hike in water prices as the Commission for Energy and Water Regulation gears up to implement new rates starting January 1, 2024. The impending changes indicate an average increase of 15% in water costs nationwide, marking a significant rise in bills for consumers.

Oil futures continued trading near two-week highs after a surge triggered by escalating ship attacks in the Red Sea, prompting major shipping companies to divert routes and heightening concerns over global oil supply.

The Trade Ministry has introduced a new regulation requiring restaurants, cafes and patisseries to prominently display price lists both at their entrance doors and on tables starting from the beginning of the new year.

The time to choose the right electricity rate has come, and the universe seems to have conspired with consumers and supported the efforts of the minister of environment and energy, Thodoros Skylakakis, to reduce prices.

In a bid to address the traffic congestion problem in Istanbul, the municipality is preparing to impose a fee on vehicles entering the busiest areas of the city, as the pilot implementation is set to commence in Eminönü.

Property market professionals report a gap ranging around 15% to 25% on average between the asking prices and the prices at which the sales are finally made, which means there is plenty of room for prospective buyers to bargain.