Inventory

For the nation's bicycle shops, the past few years have probably felt like the business version of the Tour de France, with numerous twists and turns testing their endurance.

Nike reported a drop in quarterly profits on June 30 despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise.

The sports giant reported profits $1.0 billion for the quarter ending May 31, down 28 percent from the year-ago period.

Revenues rose 5 percent to $12.8 billion.

Alamy Photo

Nike reported better than expected earnings on March 21 in its latest quarter, supported by strong demand although higher inventory and logistics costs weighed on its margins.

The company reported profits of $1.2 billion for the three months ending February, down 11 percent from the year-ago period, while revenues picked up 14 percent to $12.4 billion.

An investigation launched by the local directorate of culture and tourism of the southern province of Antalya has revealed that none of the 17,000 historical artifacts in the city's Archeology Museum have been registered officially for 13 years and no inventory work has been done since 2009.

The National Biodiversity Inventory and Monitoring Project, initiated by the Agriculture and Forestry Ministry's Nature Protection and National Parks (DKMP), revealed the richness of biodiversity in Turkey. Within the scope of the project, 13,409 plant and animal species were included in the inventory with the studies made from approximately 853,000 observation points.

A commission of experts from the National Palaces Administration has been carrying out meticulous works to make the inventory of artifacts of the world-famous Topkapı Palace go digital in Istanbul.

Blocking resources hinders investment and the possible entry into new markets

Additional difficulties for small and medium-sized enterprises due to tightening the bank lending regime in Europe are also expected.

Bulgaria's National Revenue Agency has undertaken inpections at retail outlets across the country on suspicions for tax evasion, reported the Bulgarian National Television. 

Police seeking a toddler missing for 25 years have uncovered several ancient graves during a dig in a field on the Greek island of Kos, where he was last seen, according to reports Thursday.

It is believed that the area may have been an old burial ground.

Police said that the search for Ben Needham will continue despite discovery of the graves which could be 1500 years old.