Trade

In the UK, the price of staples such as cheddar cheese, white bread and pork sausages has jumped by up to 80% in some shops over the past year, further evidence of how inflation hits the lowest incomes hardest.

Oatmeal topped the list for average price increases in the "Which?" consumer basket of staples, followed by skimmed milk and cheddar cheese.

Skroutz officials are expecting over 2 million unique consumers to make purchases from the Skroutz Marketplace in 2023, an estimate that, if confirmed, represents a 25% increase compared to 2022. 

Many basic food and household items cost up to 70% more this year than last February, just before the war broke out in Ukraine, according to Hellenic Statistical Authority data. This is despite the easing of the consumer price index to 7.2% in December.

The company in second place, e-commerce giant Amazon

With strong investment and a policy of sustainability, Turkey may be a global center for microchip production, benefiting from the microchip shortages across the globe, the vice president of Microchip Technology, Nuri Dağdeviren, has said.

The Ministry of Finance is preparing to give a 15-day extension for real estate transfers with the current objective values, which at the same time plans to keep 24% VAT on the purchase and sale of newly built real estate on "ice" until 2024.

Ljubljana, 9 August – Slovenia exported EUR 3.3 billion in goods in June, which is 21% more year-on-year, while imports were up by 30.6% to EUR 3.4 billion, the Statistics Office reported on Monday.

In June, a deficit in trade was recorded for a third month in a row, standing at EUR 100 million, with exports covering imports at a rate of 97.5%.

As of 1 July 2021, new European VAT rules for business-to-consumers (B2C) transactions will apply, impacting suppliers of services, goods, marketplaces and postal couriers.

Why these new rules?

• To facilitate EU cross-border trades;
• To ensure fair competition for EU suppliers;
• To combat VAT fraud.

What's new?

According to estimates from the World Trade Organisation, world merchandise trade is set to plummet between 13 and 32 percent

The D-8 Preferential Trade Agreement can be instrumental in enhancing trade relations between the member nations and achieving a $500 billion trade target, the Turkish trade minister said on April 5.