Nicholas Spiro

Standing amid a jumble of food stalls in an Istanbul market, 61-year-old Gül?en Yüce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week.

Inflation has become a leading economic challenge for Turkey, hitting the pockets of ordinary people.

Turkey's Lira plumbed a new record low against the U.S. dollar on Aug. 19 after the Central Bank failed to assuage investor concerns about its ability to defy political pressure and lift rates. The Bank signaled it will not raise borrowing costs before the rate hike move by the U.S.

Many investors backed off from taking new trading positions on June 5 ahead of Turkey's parliamentary election on June 7, seen as one of the most uncertain in the last decade regarding the outcome. 

By Maria Petrakis

Londoner Eleni Kyriacou is building her fashion brand on the ruins of Greece's textile industry.

Politics and economy in Bulgaria "may be getting back to something approaching normality in 2015" after two difficult years, the Financial Times has opined.

Its article comes amid last week's reports that Sofia is planning to raise close to BGN 6.9 B on government bonds this year.

The Turkish Central Bank kept interest rates on hold Nov. 20 and said it would keep monetary policy tight until the inflation outlook improves significantly.

The Central Bank is battling to rein in inflation even as the economy slows and conflict rages in neighboring countries.

Greek state debt surged to the highest in the euro era last year, underscoring the urgency of Prime Minister Antonis Samaras’s push to lower the cost of the government’s bailout loans.