Economics

Romania's annual inflation falls to 2.3% in May

Romania's annual inflation rate fell to 2.3% in May 2020, from 2.7% in April, given that food prices rose by 5.25% , services by 2.6%, and non-food goods by 0.15%, according to data released on Friday by the National Institute of Statistics (INS). Consumer prices in May 2020 compared with April rose by 0.05%, and compared with December 2019 they advanced 1.47%.

Minister expects regional players to be involved in Koper-Divača track

The minister's comments on Thursday come after 2TDK, the state-run company managing the project, has decided to enter negotiations with ten of the 15 bidders that responded to an international call to tender for the main construction work, including several Chinese and Turkish companies, aside from builders from Slovenia, Italy, Austria and Switzerland.

Unemployment slips to 13.2 pct in March

Turkey's unemployment rate dropped to 13.2% in March, down 0.9 percentage point compared to the same month last year, the country's statistical authority announced on June 10.

The Turkish Statistical Institute (TÜİK) said the number of unemployed persons age 15 and over slipped 573,000 year-on-year to 3.97 million in the month.

Business plans are impossible to draft

Major groups in sectors such as tourism, transport, retail commerce and infrastructure management are facing crucial decisions even though they do not have the necessary figures and information yet. Restarting in recessionary conditions, and mainly under the unprecedented health regulations, is an equation with too many unknown factors.

German model to protect jobs

The government is pondering different schemes to tackle reduced employment that would see it subsidizing part of lost salaries or social security contributions, once the country enters the stage of a gradual return to a new kind of normalcy.

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