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Sat, May 26 2012
Retail trade in Bulgaria among worst performers in EU
Retail trade in Bulgaria decreased by 12.4 per cent between February 2009 and February 2010, according to EU statistics office Eurostat – putting the country among the biggest losers in retail trade on an annual basis.
In February 2010, compared with January 2010, the volume of retail trade decreased by 0.6 per cent in the euro area (EA16) and remained stable in the 27-member EU bloc.
In January, retail trade fell by 0.2 per cent and 0.4 per cent, respectively.
In February 2010, compared with February 2009, the retail sales index declined by 1.1 per cent in the euro area and by 0.7 per cent in the EU27.
Monthly changes
In February 2010, compared with January 2010, "Food, drinks and tobacco" fell by 1.6 per cent in the euro area and by 1.3 per cent in the EU27. The non food sector rose by 0.2 per cent and 0.6 per cent, respectively.
Eurostat said that among the EU member states for which data are available, total retail trade fell in 13 and rose in seven.
The largest decreases were observed in Portugal (-3.4 per cent), Estonia (-2.3 per cent) and Slovenia (-1.7 per cent), and the highest increases in the United Kingdom (+2.2 per cent), Malta (+0.9 per cent) and France (+0.6 per cent).
Annual changes
In February 2010, compared with February 2009, "Food, drinks and tobacco" fell by 3.1 per cent in the euro area and by 2.7 per cent in the EU27. The non food sector grew by 0.7 per cent and 2.1 per cent, respectively.
Among the member states for which data are available, total retail trade fell in 14 and rose in six.
The largest decreases were observed in Lithuania (-17.1 per cent), Latvia (-13.3 per cent) and Bulgaria (-12.4 per cent), and the highest increases in Austria (+3.2 per cent), Malta (+3.1 per cent) and the United Kingdom (+2.8 per cent).
GDP figures
On April 7 2010, Eurostat released GDP figures, showing that in the euro zone, GDP was stable while EU27 GDP increased by 0.1 per cent during the fourth quarter of 2009, compared with the previous quarter.
In the third quarter of 2009, growth rates were +0.4 per cent in the euro area and +0.3 per cent in the EU27.
In comparison with the same quarter of the previous year, seasonally adjusted GDP declined in the fourth quarter of 2009 by 2.2 per cent in the euro area and by 2.3 per cent in the EU27, after -4.1 per cent and -4.3 per cent, respectively, in the previous quarter.
In the fourth quarter of 2009, among member states for which seasonally adjusted GDP data are available, Estonia (+2.5 per cent) recorded the highest growth rate compared with the previous quarter, followed by Slovakia (+2 per cent) and Poland (+1.2 per cent).
Industrial producer prices
In February 2010 compared with January 2010, the industrial producer price index rose by 0.1 per cent in both the euro zone and the EU.
In January, prices increased by 0.7 per cent and 0.8 per cent, respectively.
In February 2010 compared with February 2009, industrial producer prices fell by 0.5 per cent in the euro area, but rose by 0.4 per cent in the EU27.
In February 2010, compared with January 2010, the volume of retail trade decreased by 0.6 per cent in the euro area (EA16) and remained stable in the 27-member EU bloc.
In January, retail trade fell by 0.2 per cent and 0.4 per cent, respectively.
In February 2010, compared with February 2009, the retail sales index declined by 1.1 per cent in the euro area and by 0.7 per cent in the EU27.
Monthly changes
In February 2010, compared with January 2010, "Food, drinks and tobacco" fell by 1.6 per cent in the euro area and by 1.3 per cent in the EU27. The non food sector rose by 0.2 per cent and 0.6 per cent, respectively.
Eurostat said that among the EU member states for which data are available, total retail trade fell in 13 and rose in seven.
The largest decreases were observed in Portugal (-3.4 per cent), Estonia (-2.3 per cent) and Slovenia (-1.7 per cent), and the highest increases in the United Kingdom (+2.2 per cent), Malta (+0.9 per cent) and France (+0.6 per cent).
Annual changes
In February 2010, compared with February 2009, "Food, drinks and tobacco" fell by 3.1 per cent in the euro area and by 2.7 per cent in the EU27. The non food sector grew by 0.7 per cent and 2.1 per cent, respectively.
Among the member states for which data are available, total retail trade fell in 14 and rose in six.
The largest decreases were observed in Lithuania (-17.1 per cent), Latvia (-13.3 per cent) and Bulgaria (-12.4 per cent), and the highest increases in Austria (+3.2 per cent), Malta (+3.1 per cent) and the United Kingdom (+2.8 per cent).
GDP figures
On April 7 2010, Eurostat released GDP figures, showing that in the euro zone, GDP was stable while EU27 GDP increased by 0.1 per cent during the fourth quarter of 2009, compared with the previous quarter.
In the third quarter of 2009, growth rates were +0.4 per cent in the euro area and +0.3 per cent in the EU27.
In comparison with the same quarter of the previous year, seasonally adjusted GDP declined in the fourth quarter of 2009 by 2.2 per cent in the euro area and by 2.3 per cent in the EU27, after -4.1 per cent and -4.3 per cent, respectively, in the previous quarter.
In the fourth quarter of 2009, among member states for which seasonally adjusted GDP data are available, Estonia (+2.5 per cent) recorded the highest growth rate compared with the previous quarter, followed by Slovakia (+2 per cent) and Poland (+1.2 per cent).
Industrial producer prices
In February 2010 compared with January 2010, the industrial producer price index rose by 0.1 per cent in both the euro zone and the EU.
In January, prices increased by 0.7 per cent and 0.8 per cent, respectively.
In February 2010 compared with February 2009, industrial producer prices fell by 0.5 per cent in the euro area, but rose by 0.4 per cent in the EU27.
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Euro zone retail trade down in September 2010 – Eurostat
In September 2010, the volume of retail trade in the 16-member euro zone was 0.2 per cent less than in August, while it dropped by 0.1 per cent in the 27-member EU, statistical office Eurostat said.
Bulgaria among EU states with sharpest drops in retail trade
In May 2010, the largest decreases on an annual basis in retail were in Lithuania, Bulgaria and Latvia, according to Eurostat.
Bulgaria among EU countries with highest increase in industrial producer prices
In April 2010 compared with March 2010, the industrial producer price index rose by 0.9 per cent in the euro zone and by one per cent in the EU, with the highest increases in Hungary, Latvia and Bulgaria.
EU’s new rules on companies’ supply and distribution agreements
European Commission adopts revised competition rules for distribution of goods and services, taking into account development of online sales.
EU economic, business confidence indicators improve
In March 2010, the Business Climate Indicator for the euro area improved further - marking one year of uninterrupted recovery.
EU trade commissioner meets United States trade representative
Talks covered the full range of topics on the transatlantic trade agenda: from multilateral trade negotiations, current bilateral trade issues and the Transatlantic Economic Council.
European Commission unveils strategy to prepare economy for the next decade
Europe 2020: Commission proposes new economic strategy in Europe
Retail trade falls in euro zone, EU
Romania, Latvia and Lithuania among countries with the largest decreases on an annual basis.
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Appointments
Employment Agency
Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.
Uniqa
Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.
Kamenitza
Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.
Beiersdorf
Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.
Hewlett-Packard
Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.
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Next time try few more shops and you might get lucky. There is a slight difference between asking and demanding a discount. Don't forget it's the customer that's being treated like an idiot and shop owners are the smartest people. They are the ones that have what you want, it's up to you to play the game to get it at an interesting price.
Speaking English won't get you a discount in Bulgaria in a furniture shop....Speaking Turkish in a gypsy market will...
WELL THEN GO AND SHOP IN ENGLAND, WHY DON'T YOU? THOSE 5000 EUROS WILL GET YOU A NICE SOFA....
I WENT INTO A RETAIL OUTLET IN
VELIKO TARNOVO, TO BUY FUNITURE FOR
MY HOUSE,I HAD 5.000 EUROS AND ASKED FOR A DICOUNT,ALL I GOT FOR 15 MINUTES WAS HA,HA,HA,I ASKED FOR THE MANAGER,HE CAME OUT AND OFFERD ME 5% DISCOUNT I SAID I WANT 10% AND AGAIN,HA,HA,HA, SO I WENT ELSE WHERE WHEN WILL THEY EVER LEARN,IF THAT WAS IN ENGLAND THEY WOULD NOT LET ME LEAVE THE SHOP UNTILL WE DID A DEAL.