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Increase of VAT

Increase of VAT

01.07.2025, Tallinn. The value-added tax on all goods and services has risen from 22 percent to 24 percent. Shoppers are feeling the impact most acutely in grocery stores, where prices have already seen significant increases this year and sales volumes have declined. Photo Mihkel Maripuu, Postimees

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Increase of VAT

Increase of VAT

01.07.2025, Tallinn. The value-added tax on all goods and services has risen from 22 percent to 24 percent. Shoppers are feeling the impact most acutely in grocery stores, where prices have already seen significant increases this year and sales volumes have declined. Photo Mihkel Maripuu, Postimees

  •  
Increase of VAT

Increase of VAT

01.07.2025, Tallinn. The value-added tax on all goods and services has risen from 22 percent to 24 percent. Shoppers are feeling the impact most acutely in grocery stores, where prices have already seen significant increases this year and sales volumes have declined. Photo Mihkel Maripuu, Postimees

  •  
Increase of VAT

Increase of VAT

01.07.2025, Tallinn. The value-added tax on all goods and services has risen from 22 percent to 24 percent. Shoppers are feeling the impact most acutely in grocery stores, where prices have already seen significant increases this year and sales volumes have declined. Photo Mihkel Maripuu, Postimees

  •  
Increase of VAT

Increase of VAT

01.07.2025, Tallinn. The value-added tax on all goods and services has risen from 22 percent to 24 percent. Shoppers are feeling the impact most acutely in grocery stores, where prices have already seen significant increases this year and sales volumes have declined. Photo Mihkel Maripuu, Postimees

  •  
Increase of VAT

Increase of VAT

01.07.2025, Tallinn. The value-added tax on all goods and services has risen from 22 percent to 24 percent. Shoppers are feeling the impact most acutely in grocery stores, where prices have already seen significant increases this year and sales volumes have declined. Photo Mihkel Maripuu, Postimees

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Mango Founder Isak Andic Dies Aged 71 In Mountain Accident

Mango Founder Isak Andic Dies Aged 71 In Mountain Accident

File - Mango Founder Isak Andic Dies Aged 71 In Mountain Accident. The president and founder of Mango, Isak Andic, during the award ceremony for the 8th Kingdom of Spain Business Career Achievement Award (Iese), at the IESE Business School Barcelona North Campus, on March 18, 2024, in Barcelona, Catalonia (Spain). King Felipe VI presented the eighth edition of the Kingdom of Spain Award for Business Achievement to Isak Andic, co-founder and president of Mango, who has managed, after almost four decades, to turn Mango into one of Spain's most important multinationals in the fashion sector. Mango currently has more than 2,560 stores in 115 countries and more than 14,000 employees. In 2022 it achieved an all-time record in sales, 2,688 million (20% more than in 2021) and an unprecedented turnover with a net profit of 81 million (67.5 last year). Photo by Lorena Sopêna / Europa Press/ABACAPRESS.COM

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Mango Founder Isak Andic Dies Aged 71 In Mountain Accident

Mango Founder Isak Andic Dies Aged 71 In Mountain Accident

File - Mango Founder Isak Andic Dies Aged 71 In Mountain Accident. King Felipe VI (left) presents the 8th Kingdom of Spain Business Career Achievement Award (IESE) to the chairman and founder of Mango, Isak Andic (right), at the IESE Business School Barcelona North Campus, on March 18, 2024, in Barcelona, Catalonia (Spain). King Felipe VI presented the eighth edition of the Kingdom of Spain Business Career Achievement Award to Isak Andic, co-founder and president of Mango, who has managed, after almost four decades, to turn Mango into one of Spain's most important multinationals in the fashion sector. Mango currently has more than 2,560 stores in 115 countries and more than 14,000 employees. In 2022 it achieved an all-time record in sales, 2,688 million (20% more than in 2021) and an unprecedented turnover with a net profit of 81 million (67.5 last year). Photo by Lorena Sopêna / Europa Press/ABACAPRESS.COM

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Mango Founder Isak Andic Dies Aged 71 In Mountain Accident

Mango Founder Isak Andic Dies Aged 71 In Mountain Accident

File - Mango Founder Isak Andic Dies Aged 71 In Mountain Accident. The president and founder of Mango, Isak Andic, speaks during the award ceremony for the 8th Kingdom of Spain Business Career Achievement Award (Iese), at the IESE Business School Barcelona North Campus, on March 18, 2024, in Barcelona, Catalonia (Spain). King Felipe VI presented the eighth edition of the Kingdom of Spain Award for Business Achievement to Isak Andic, co-founder and president of Mango, who has managed, after almost four decades, to turn Mango into one of Spain's most important multinationals in the fashion sector. Mango currently has more than 2,560 stores in 115 countries and more than 14,000 employees. In 2022 it achieved an all-time record in sales, 2,688 million (20% more than in 2021) and an unprecedented turnover with a net profit of 81 million (67.5 last year). Photo by Lorena Sopêna / Europa Press/ABACAPRESS.COM

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"First-store economy" stimulates urban consumption in Chongqing, China

STORY: "First-store economy" stimulates urban consumption in Chongqing, China SHOOTING TIME: March 13, 2024 DATELINE: March 14, 2024 LENGTH: 00:05:55 LOCATION: CHONGQING, China CATEGORY: ECONOMY SHOTLIST: 1. various of scenes of Chongqing city 2. various of scenes of Chongqing World Financial Centre 2. SOUNDBITE (Chinese): GAO YU, General manager of Chongqing World Financial Centre STORYLINE: The first stores of many new brands have been gathering in the western part of China, boosting the consumer market. After the Spring Festival, CURIEL, a century-old Italian fashion brand, opened its flagship store at Chongqing World Financial Centre. The store restored the iconic Roman column structure of Italy, reproduced the city style of Milan, and perfectly integrated Western and oriental furniture. At the same time, the first store of Italian luxury brand COLOMBO in Chongqing has also opened grandly. This user of cashmere and rare fabrics has inherited the most traditional Italian handicraft. Chongqing Jiefan

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French summer sales face low sales turnover after riots

STORY: French summer sales face low sales turnover after riots DATELINE: July 13, 2023 LENGTH: 00:01:13 LOCATION: LYON, France CATEGORY: ECONOMY SHOTLIST: 1. various of stores 2. SOUNDBITE 1 (French): MARLENE, Manager of a clothing store 3. SOUNDBITE 2 (French): JEROME, Store manager 4. various of stores STORYLINE: The summer sales, which kicked off on June 28 in France, faced low sales turnover as violence broke out all over France after police fatally shot a 17-year-old teenager in Nanterre on June 27. More than 1,000 businesses were vandalized during the riot according to the French Ministry of Economy. The Trade Alliance suggested that the sales turnover witnessed a 2-percentage-point drop in the Ile-de-France region in the first few days of the summer sales, which is a crucial period for French stores to sell off their items in a month. In the cities most affected, the turnover of shopping centers decreased significantly: minus 36 percent in Strasbourg, minus 17 percent in Marseille, minus 35 pe

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Chinese-made prayer goods top picks in Bangladesh during Ramadan

STORY: Chinese-made prayer goods top picks in Bangladesh during Ramadan DATELINE: March 31, 2023 LENGTH: 00:03:22 LOCATION: Dhaka CATEGORY: SOCIETY SHOTLIST: 1. various of Islamic goods shop in National Mosque Baitul Mukarram area of Dhaka, Bangladesh 2. SOUNDBITE 1 (Bengali): MD ENAMUL HAQUE, Customer 3. SOUNDBITE 2 (Bengali): MD SAHEDUL ISLAM, Customer 4. SOUNDBITE 3 (Bengali): MD MASUM, Trader STORYLINE: During the Muslim holy fasting month of Ramadan, many Islamic people in Bangladesh visit stores to buy necessities for prayer rituals. Here, what attracts them most are the affordable and good-quality products that are made in China. SOUNDBITE 1 (Bengali): MD ENAMUL HAQUE, Customer "My name is Md Enamul Haque. I am from Narayanganj on the outskirts of Dhaka. I came to Baitul Mukarram Masjid premises to buy tasbih (Muslim prayer beads), tupi (prayer cap), punjabi (Islamic dress for men) on the occasion of Ramadan. I came to buy Punjabi matching the color of my hat. I have bought Tasbih. I have bought

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Tripoli souk

Tripoli souk

TRIPOLI, Libya - A souk in Tripoli, usually crowded with tourists, is almost empty with most stores closed with shutters on March 6, 2011.

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Quake-hit Chile sees recovery signs

Quake-hit Chile sees recovery signs

CONCEPCION, Chile - A solider guards against looters inside a supermarket that reopened in Concepcion, Chile, on March 4, 2010, five days after a massive earthquake struck the country. While most stores remained closed, three supermarkets reopened after electricity was restored in the town.

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ISRAEL-TEL AVIV-YOM KIPPUR-CYCLING

ISRAEL-TEL AVIV-YOM KIPPUR-CYCLING

(221005) -- TEL AVIV, Oct. 5, 2022 (Xinhua) -- A boy rides a bicycle in the empty streets on Yom Kippur, the Day of Atonement, in the central Israeli city of Tel Aviv, Oct. 5, 2022. Israel came to a standstill from Tuesday at sundown as Jews marked the beginning of Yom Kippur, the Day of Atonement and the most solemn day on the Jewish calendar. During the holiday, which starts on Tuesday at dusk and ends on Wednesday at nightfall, stores, restaurants, cinemas and other business and public venues are shut down. (Gideon Markowicz/JINI via Xinhua)

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ISRAEL-TEL AVIV-YOM KIPPUR-CYCLING

ISRAEL-TEL AVIV-YOM KIPPUR-CYCLING

(221005) -- TEL AVIV, Oct. 5, 2022 (Xinhua) -- People ride bicycles in the empty streets on Yom Kippur, the Day of Atonement, in the central Israeli city of Tel Aviv, Oct. 5, 2022. Israel came to a standstill from Tuesday at sundown as Jews marked the beginning of Yom Kippur, the Day of Atonement and the most solemn day on the Jewish calendar. During the holiday, which starts on Tuesday at dusk and ends on Wednesday at nightfall, stores, restaurants, cinemas and other business and public venues are shut down. (Gideon Markowicz/JINI via Xinhua)

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First day of Shanghai restoring normal life

STORY: First day of Shanghai restoring normal life DATELINE: June 1, 2022 LENGTH: 00:03:26 LOCATION: SHANGHAI, China CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. STANDUP (English): PAN XU, Xinhua correspondent STORYLINE: STANDUP (English): PAN XU, Xinhua correspondent "Now I'm in the Xuhui District in the city of Shanghai. From today, the city will restore its order of normal production and living. Now let's have a close look at what is like in the streets of the megacity. Now we are in the car. The restoration includes public transportation, and also reopening of stores and shopping malls as well as tourist attractions. The local government said that the COVID-19 resurgence has been effectively controlled and the prevention and control situation has continued to improve. Now we can see here is Xujiahui in the Xuhui District of the city. It's downtown area. Cars are more than several days before. Most people can go out of their communities, can go out of their home doors, and go back to the society. Regarding to

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Int'l food fair wraps up in Cuba

STORY: Int'l food fair wraps up in Cuba DATELINE: May 27, 2022 LENGTH: 00:01:25 LOCATION: Havana CATEGORY: ECONOMY SHOTLIST: STORYLINE: The International Fair of Food, Beverages and Feeding Technology, known as "Alimentos (Food) Cuba 2.0," wrapped up Thursday in the Cuban capital Havana. About 70 enterprises from different parts of the world attended this year's fair. SOUNDBITE (Spanish): RAFAEL SOLIS, Spanish businessman "It is very important because the Cuban market for us is one of the most important that we have in the world, due to the roots we have between Asturias (a Spanish region) and Cuba. As a result, every year we are growing bigger and bigger; our market consists of Cuban hotels and stores, and we are betting a lot on this market." The agenda of activities included conferences, as well as symposiums about technology, nutrition, and employment of raw materials. The fair aims to alleviate the crisis brought about by the COVID-19 pandemic and the blockade by the United States which has lasted

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Tokyo Governor's extraordinary press conference on raising the alert level of the new corona to the "highest level

Tokyo Governor's extraordinary press conference on raising the alert level of the new corona to the "highest level

On April 15, Tokyo Governor Yuriko Koike requested the cooperation of Tokyo residents and businesses in accordance with the Act on Special Measures against the New Coronavirus, after an expert panel raised the status of the new coronavirus infection in Tokyo to the most serious of four evaluation levels. Governor Koike said, "The metropolitan government is in a state of 'infection spread alert,'" and called on people to refrain from going out of the city and avoid using stores in downtown areas at night without adequate infection control measures. As for the government's "GoTo Travel" tourism promotion plan, which is scheduled to be launched on March 22, he said, "In light of the current infection situation, I hope (the government) will carefully reconsider the timing and method of implementation. (Photo: Governor Koike at a press conference at the Tokyo Metropolitan Government Office in Shinjuku, Tokyo on July 15, 2020; Credit: Nikkan Kogyo Shimbun / Kyodo News Images)

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Tokyo Governor's extraordinary press conference on raising the alert level of the new corona to the "highest level

Tokyo Governor's extraordinary press conference on raising the alert level of the new corona to the "highest level

On April 15, Tokyo Governor Yuriko Koike requested the cooperation of Tokyo residents and businesses in accordance with the Act on Special Measures against the New Coronavirus, after an expert panel raised the status of the new coronavirus infection in Tokyo to the most serious of four evaluation levels. Governor Koike said, "The metropolitan government is in a state of 'infection spread alert,'" and called on people to refrain from going out of the city and avoid using stores in downtown areas at night without adequate infection control measures. I hope (the government) will carefully reconsider the timing and method of implementation. (Photo: Governor Koike at a press conference at the Tokyo Metropolitan Government Office in Shinjuku, Tokyo on July 15, 2020; Credit: Nikkan Kogyo Shimbun / Kyodo News Images)

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Army Soldiers Are At A Checkpoint - Naples

Army Soldiers Are At A Checkpoint - Naples

Italian Army soldiers are at a checkpoint in sea front in Naples city, Italy on April 5, 2021. The Italian government has closed most stores to stop the spread of the COVID-19 coronavirus epidemic. Among other measures, the movements of people are allowed only for work, for the purchase of essential goods and for health reasons. Photo by Salvatore Laporta/IPA/ABACAPRESS.COM (Credit:Laporta Salvatore/IPA/ABACA/Kyodo News Images)

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Army Soldiers Are At A Checkpoint - Naples

Army Soldiers Are At A Checkpoint - Naples

Italian Army soldiers are at a checkpoint in sea front in Naples city, Italy on April 5, 2021. The Italian government has closed most stores to stop the spread of the COVID-19 coronavirus epidemic. Among other measures, the movements of people are allowed only for work, for the purchase of essential goods and for health reasons. Photo by Salvatore Laporta/IPA/ABACAPRESS.COM (Credit:Laporta Salvatore/IPA/ABACA/Kyodo News Images)

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Army Soldiers Are At A Checkpoint - Naples

Army Soldiers Are At A Checkpoint - Naples

Italian Army soldiers are at a checkpoint in sea front in Naples city, Italy on April 5, 2021. The Italian government has closed most stores to stop the spread of the COVID-19 coronavirus epidemic. Among other measures, the movements of people are allowed only for work, for the purchase of essential goods and for health reasons. Photo by Salvatore Laporta/IPA/ABACAPRESS.COM (Credit:Laporta Salvatore/IPA/ABACA/Kyodo News Images)

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Sales up at Osaka dept stores during Chinese New Year holidays

Sales up at Osaka dept stores during Chinese New Year holidays

Chinese tourists take a look at Hello Kitty merchandise at the Osaka branch of the Takashimaya Co. department store on Feb. 24, 2015. Duty-free sales to foreigners at department stores in Osaka during the week to the day more than tripled year on year as Chinese shoppers made the most of the Chinese New Year holiday season. (Kyodo) ==Kyodo

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Sales up at Osaka dept stores during Chinese New Year holidays

Sales up at Osaka dept stores during Chinese New Year holidays

Photo shows the tax refund counter at the Osaka branch of the Takashimaya Co. department store on Feb. 24, 2015. Duty-free sales to foreigners at department stores in Osaka during the week to the day more than tripled year on year as Chinese shoppers made the most of the Chinese New Year holiday season. (Kyodo) ==Kyodo

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Long queue for cheap chicken dishes in Tokyo's Jujo Ginza

Long queue for cheap chicken dishes in Tokyo's Jujo Ginza

Shoppers form a long queue on July 27, 2015, in front of Toridai, one of the most popular stores in the Jujo Ginza shopping mall in Tokyo, seeking cheap chicken dishes. (Kyodo) ==Kyodo

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Ginza at night, Tokyo, Japan

Ginza at night, Tokyo, Japan

Ginza at night, Tokyo, Japan. Ginza is a district of Chuo, Tokyo, located south of Yaesu and Kyobashi, west of Tsukiji, east of Yurakucho and Uchisaiwaicho, and north of Shinbashi. Known as an upscale area with numerous department stores, boutiques, restaurants and coffeehouses. One of the most luxurious shopping districts in the world. Date: circa 1959

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Ginza Street, Tokyo, Japan - Shops and Department Stores

Ginza Street, Tokyo, Japan - Shops and Department Stores

Ginza Street, Tokyo, Japan - Shops and Department Stores. Today, one of the most luxurious shopping districts in the world.Date: circa 1930

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Tripoli souk

Tripoli souk

TRIPOLI, Libya - A souk in Tripoli, usually crowded with tourists, is almost empty with most stores closed with shutters on March 6, 2011. (Kyodo)

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Quake-hit Chile sees recovery signs

Quake-hit Chile sees recovery signs

CONCEPCION, Chile - A solider guards against looters inside a supermarket that reopened in Concepcion, Chile, on March 4, 2010, five days after a massive earthquake struck the country. While most stores remained closed, three supermarkets reopened after electricity was restored in the town. (Kyodo)

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New coronavirus

New coronavirus

Most stores are closed in Tokyo's Asakusa tourist area on May 9, 2020, under an extended nationwide state of emergency over the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

A shopping street in Fukuoka, southwestern Japan, is deserted as most stores are closed on May 4, 2020. Prime Minister Shinzo Abe the same day extended a nationwide state of emergency until the end of May to reduce new coronavirus infections. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

A shopping street in Fukuoka, southwestern Japan, is deserted as most stores are closed on May 4, 2020. Prime Minister Shinzo Abe the same day extended a nationwide state of emergency until the end of May to reduce new coronavirus infections. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

A shopping street in Fukuoka, southwestern Japan, is deserted as most stores are closed on May 4, 2020. Prime Minister Shinzo Abe the same day extended a nationwide state of emergency until the end of May to reduce new coronavirus infections. (Kyodo) ==Kyodo

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Chinatown in Japan's Yokohama

Chinatown in Japan's Yokohama

Photo taken on Dec. 24, 2016, shows one of the entrance gates at Yokohama's Chinatown. It is Japan's largest Chinatown and one of the most popular tourist destinations in Yokohama, near Tokyo, with many Chinese stores and restaurants on the narrow and colorful streets. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed in Tokyo's Asakusa tourist area on April 21, 2020, amid the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed in Tokyo's Asakusa tourist area on April 21, 2020, amid the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed in Tokyo's Asakusa tourist area on April 18, 2020, under a state of emergency over the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed in Tokyo's Asakusa tourist area on April 18, 2020, under a state of emergency over the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed on a shopping street in Sendai, northeastern Japan, on April 18, 2020, under a state of emergency over the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed on a shopping street in Sendai, northeastern Japan, on April 18, 2020, under a state of emergency over the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed in Yokohama's Chinatown on April 18, 2020, under a state of emergency over the coronavirus pandemic. (Kyodo) ==Kyodo

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New coronavirus

New coronavirus

Most stores are closed in Yokohama's Chinatown on April 18, 2020, under a state of emergency over the coronavirus pandemic. (Kyodo) ==Kyodo

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China-N. Korea border a day after Pyongyang's nuclear test

China-N. Korea border a day after Pyongyang's nuclear test

Photo taken Sept. 4, 2017, shows stores selling North Korean seafood in Hunchun, a Chinese city in Jilin Province on the North Korean border. Pyongyang conducted its sixth and most powerful nuclear test a day earlier. (Kyodo) ==Kyodo

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