Bulgaria is facing rising living costs, with service prices still climbing, according to economists. Authorities have already flagged the most frequent violations of the Law on the Euro since the start of the year, largely in the form of unjustified increases in the services sector. Analysts predict that overall prices in the country will grow…
The cost of living in Slovakia ranks among the highest in Eastern Europe. Data from the Numbeo portal, which analyses prices in thousands of cities worldwide, show that Bratislava has become the second most expensive city in the region. In the cost of living index excluding rent, only Prague scores higher. The latest ranking challenges…
International food producer Paulig plans to expand in Estonia, though this hinges on reaching an agreement with Swedish trade unions. Relocating production to Estonia, where Paulig already operates a production plant in Saue, near Tallinn, would mean closing a factory in Molndal, Sweden, which Paulig currently leases. To close down the Molndal plant, near Gothenburg,…
First Deputy Prime Minister of Ukraine and Minister of Energy Denys Shmyhal met with Nicolas Forissier, Minister Delegate for Foreign Trade and Economic Attractiveness at the Ministry for Europe and Foreign Affairs of the French Republic, to discuss further support for Ukraine and the restoration of its energy sector. According to Denys Shmyhal, France will…
“AvtoVAZ” continues to lose ground amid the development of assembly plants for Chinese brands and parallel imports. In January, it sold 19,600 Ladas, which is 29% less than a year ago and 38% less compared to December, according to the analytical agency “AUTOSTAT”. This is much worse than the market: a total of 80,600 new…
Clothing, shoe, and accessory sellers have begun to massively close stores in Russian shopping centers: in more than 200 out of 800 facilities across Russia, the share of space occupied by them has decreased by 10–15%. This follows from a survey by the Union of Shopping Centers (USC), the results of which were reviewed by…
An examination conducted in shopping centers in Moscow, St. Petersburg, Kaliningrad, Sevastopol, and Chelyabinsk showed that among 1,300 pairs of Nike and Adidas sneakers, not a single original pair was found. From September to December, independent appraisers from the “Forensic Expertise and Appraisal Bureau” checked stores that claimed to sell original goods. The checks were…