Economic policy
Şimşek expects more rating upgrades for Turkish economy
Fitch has upgraded Türkiye's rating by one notch, citing tighter monetary policy are helping reduce macroeconomic vulnerabilities.
Fitch moved the rating to "B+" from "B," while revising the country's outlook to positive from stable.
Türkiye targets single digit inflation
The government is determined to decrease the inflation to single digits, according to a statement by the Economic Coordination Board (EKK).
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Two gamblers at the table
After Russia's withdrawal from the agreement to export grain and fertilizers from Ukrainian and Russian ports on the Black Sea, prices have begun to rise again, Moscow has declared ships sailing to and from Ukraine are enemy vessels (they were already hard to insure), and the Security Council will meet on Friday to discuss the humanitarian fallout from the Russian decision.
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Mali: IMF Executive Board has approved first review under arrangement with Serbia
BELGRADE - The IMF Executive Board has decided that a first review under a stand-by arrangement with Serbia was successful, and Serbian Finance Minister Sinisa Mali said on Thursday the decision was another confirmation of the appropriateness of Serbia's economic policy and structural and institutional reforms.
Fed set for further steep rate hike as recession fears loom
The U.S. Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week as it battles surging costs, with its aggressive stance fueling expectations of a recession.
American households have been squeezed by soaring consumer prices, propelling economic issues to the top spot among voter concerns in upcoming midterm elections.
Turkey Has Abandoned the Struggle to Tame Inflation
That policy also envisaged that goods and services produced in the country would become cheaper abroad because of the fall in wages. China entered its development process with a similar policy.
STA management, staff say govt conduct defeat of rule of law
Ljubljana – The STA management and staff have described the government’s failure to transfer overdue public service payments as required by the latest economic stimulus act as a defeat of the rule of law, convinced that the decision to seek European Commission input over state aid rules as a delaying tactic meant to financially exhaust the agency.
A step too far
It was hardly a surprise. Any reasonable observer expected that the ruling leftists would pledge excessive handouts to woo voters. But this time the government has gone a step too far.
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Turkey wants to be downgraded to developing country status in climate change agreement list
Turkey is striving to more effectively combat climate change and is aiming to obtain more financing to invest in solutions.
Serbia to have fiscal surplus first time since 2005
Speaking at a traditional meeting with members of the Serbian Association of Managers on Friday, Fiscal Council representatives noted that "foundations for sustainable and healthy public finances and acceleration of economic growth can be set in 2018 as the most significant quantitative objectives of fiscal consolidation were achieved in 2017."