Pricing

Bulgargaz has proposed to cut natural gas price for consumers by 23.02% for the second quarter of 2016.

The state-owned gas supplier has proposed to energy regulator KEVR to endorse a price of BGN 312.21 per 1,000 cubic metres, free of VAT and excise, for April-June period.

Property prices in Turkey increased by 18 percent last year, faster than anywhere in the world, according to a fresh ranking.

The Knight Frank Global House Price Index increased by 3 percent in 2015, up from 2.3 percent in 2014, with Turkey topping the list of 55 housing markets. 

Turkey's current account deficit fell to $2.22 billion in January, a drop of $216 million compared to the same month last year, the Central Bank stated on March 10.

Bulgarian Energy Minister Temenuzhka Petkova is predicting a possible decrease in the prices of electricity due to the falling prices of natural gas.

In an interview for the Bulgarian National Television (BNT) on Friday, Petkova said that the expected decrease in the price of natural gas is slightly above 20 %.

China's overcapacity in heavy industries is wreaking "far-reaching" damage on the global economy, with steel production "completely untethered" from market demand, the European Union Chamber of Commerce in China said on Feb. 22.

Turkey said it has concluded that U.S. cotton imports are damaging domestic output after a more than year-long review, dealing a potential blow to the world's No. 3 grower of natural fiber amid concerns Ankara could resort to anti-dumping duties.

While gasoline prices have decreased by an average of 60 percent around the world between June 2014 and January 2016 amid a plunge in oil prices, Turkish gas prices have only dropped 16 percent due to a loss in the Turkish Lira's value and higher taxes as well as low shares of raw materials in fuels, according to sector representatives. 

The price of natural gas in Bulgaria is expected to fall by about one-fifth from the beginning of April, reflecting a sustained decline in global oil prices, the head of the country's energy regulator has forecast.

Bulgaria relies almost entirely on imports of Russian gas to meet its needs.

The Turkish government has been working on a plan to cut natural gas prices amid the global energy plunge, Energy Minister Berat Albayrak said on Jan. 27. 

Shanghai's stock market slumped more than six percent and European stocks declined as oil prices dipped on Jan. 26, reversing a brief global rally on hopes of fresh central bank stimulus.

In late morning deals, Europe's main equity markets were falling by around half a percent.