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Tag: Trade

The Turkish lira in the trash: Georgians rush to Turkey for oil, fruits and vegetables

The Turkish lira in the trash: Georgians rush to Turkey for oil, fruits and vegetables The Turkish lira in the trash: Georgians rush to Turkey for oil, fruits and vegetables

Georgians traveling to the northeastern province of Artvin to buy food, especially oil, have caused long lines in front of grocery stores. Arriving in the Kemalpasha region of Artvin through the Sarp border crossing between the two countries, Georgians flock to grocery stores to buy food that is much cheaper than in their country due […]

​​​​​​​​A rally in the economy with manufacturing, trade and tourism as a vehicle

​​​​​​​​A rally in the economy with manufacturing, trade and tourism as a vehicle ​​​​​​​​A rally in the economy with manufacturing, trade and tourism as a vehicle

By Giorgos Lampiris The contribution of sectors such as manufacturing, wholesale and retail trade and tourism in shaping the turnover of businesses in Greece is strong, as can be seen from the data of the Hellenic Statistical Authority. According to ELSTAT, in the second quarter of 2022 the turnover for all businesses and economic activities […]

Turkey is celebrating its trade surge with Russia

Turkey is celebrating its trade surge with Russia Turkey is celebrating its trade surge with Russia

Sanctions against Russia over its invasion of Ukraine have forced Moscow to direct its oil to new buyers and have led to the exit of many multinational companies from the country. One country, however, is openly celebrating the jump in its bilateral trade with Russia – and it is none other than Turkey, the Bloomberg […]

B. Korkidis: How European trade will deal with the energy crisis

B. Korkidis: How European trade will deal with the energy crisis B. Korkidis: How European trade will deal with the energy crisis

The creation as quickly as possible of a European Energy Union, with a central market for imported natural gas and investments in the infrastructure required to transport energy, either natural gas or electricity and, in due course, hydrogen, from where it is available to where it is needed, will have a positive impact in terms […]

Taiwan More Trade Dependent on China than US – What the Numbers Say

Taiwan More Trade Dependent on China than US – What the Numbers Say Taiwan More Trade Dependent on China than US – What the Numbers Say

Taiwan is more dependent on China for trade than the US, even as US House Speaker Nancy Pelosi threw her weight behind Taiwan this week in a high-profile visit. Taiwan came under military and economic pressure from Beijing this week after the self-ruled island allowed a visit by Pelosi – the highest-ranking US official to […]

Germany: June retail trade at a 28-year low

Germany: June retail trade at a 28-year low Germany: June retail trade at a 28-year low

Retail sales fell 8.8% in June, the biggest since 1994, as the effect of inflation on product prices is now felt. According to the Federal Bureau of Statistics, sales fell 8.8% in June from the same period in 2021, with prices adjusted for real increases. If only nominal prices are calculated, the decline in sales […]

Globalization end?

Globalization end? Globalization end?

By Allison Schrager Like it or not, we live in a globalized economy. How one defines globalization or measures its progress can vary, but it generally tends to simply mean greater economic integration between countries, as well as more political cooperation, immigration, and trade in goods and services. In all these areas, globalization has been […]

The level of the Rhine is falling due to heat – Germany is running out of barges

The level of the Rhine is falling due to heat – Germany is running out of barges The level of the Rhine is falling due to heat – Germany is running out of barges

It’s hot and there’s no rain, so levels in important transport rivers like the Rhine are falling. This is extremely inconvenient for cargo ships. “Everything that can swim is in motion,” says Jens Schwanen, CEO of the Federal Association of German Inland Shipping (BDB), according to an article in the Frankfurter Allgemeine Zeitung. But when […]

EU – China: High-level economic-trade talks for first time since 2020

EU – China: High-level economic-trade talks for first time since 2020 EU – China: High-level economic-trade talks for first time since 2020

The European Union and China will hold a high-level dialogue on economic and trade issues today, following tensions on a range of issues, including the war in Ukraine, Xinjiang province and an investment deal, the which has not been validated. “The 9th High Level Economic and Trade Dialogue between the EU and China will be […]

DIMEA: Fines amounting to 34,250 euros for commercial shop violations in Kos

DIMEA: Fines amounting to 34,250 euros for commercial shop violations in Kos DIMEA: Fines amounting to 34,250 euros for commercial shop violations in Kos

The Interagency Market Control Unit (DIMEA), of the Ministry of Development and Investments, informs that in the period 06/30/2022 until 07/02/2022 DIMEA officials carried out checks in Kos. In 27 checks carried out in commercial stores, 6,521 pieces of imitation clothing, accessories, toys, etc. were identified, confiscated and destroyed. with trademarks of large international companies […]