Currency
Weak euro taking a toll on Türkiye’s exporters
With the euro falling against the U.S. dollar, some exporting industries in Türkiye are bearing the brunt as they pay for imports in dollars but collect export revenues mostly in euros.
This week, the euro fell below parity with the dollar, diving to its lowest level in 20 years.
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The Euro reached a Price of One Dollar - its Lowest Value in 20 years
Last night, for the first time in 20 years, the euro equaled the US dollar amid a cut in Russian gas supplies to Europe and growing fears of a recession in the Eurozone.
The euro was trading at exactly one dollar, the lowest value since December 2002
Oil prices also fell on recession fears as central banks raised interest rates to combat high inflation.
It is Final - Croatia adopts the Euro on New Year's Day 2023
Croatia will finally adopt the euro on 1 January 2023.
This became clear today after the Council of the EU signed the last three legal acts necessary for this purpose.
State increases three bond issues by EUR 405m
Ljubljana – Slovenia’s treasury has increased the issuance of three bonds with a total value of just under EUR 405.5 million, according to a posting on the website of the Ljubljana Stock Exchange. This is the first long-term borrowing under the new government of Robert Golob, which puts Slovenia’s total long-term borrowing this year at EUR 3.27 billion.
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UK PM Boris Johnson suffers major blow as top ministers quit
The British pound hit a fresh March 2020 low after the announcements
US multinationals grapple with soaring dollar
The rapid rise of the U.S. dollar since the start of the year is a double-edged sword for American multinational companies, pushing some of them to decide whether to hedge or reposition their activities abroad to avoid fallout.
For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper.
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South Korea hits dozens with travel bans amid crypto probe
South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company's cryptocurrency that devastated traders around the world.
NLB bank well prepared for turbulent times, chairman says
Ljubljana – Slovenia’s largest bank NLB is in excellent shape and well prepared for turbulent times ahead, chairman of the board Blaž Brodnjak said after today’s shareholder meeting. He is also not concerned by the tightening of monetary policy in the eurozone. When necessary, households and companies will be assisted, he announced.
EC gives ‘green light’ for Euro in Croatia
Croatia plans to replace its national currency, the kuna, with the euro from January 1 next year
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Bulgaria: Demanding a Referendum on the Euro is Unconstitutional
Even if Bulgaria's membership in the Eurozone is not approved, this does not mean that any sovereignty of the real monetary policy of the BNB will be preserved. An analysis by Krasen Stanchev, ClubZ.
"Sovereignty" is not linked to and is not "betrayed" by the introduction of the euro