Economies

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.

The British pound hit a fresh March 2020 low after the announcements

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.  

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.

Buildings in Istanbul. Photo: Pixabay/btastinkaya

According to the new regulation, rent price hikes will be limited to 25 per cent until July 2023.

"Rents can only be increased by 25 per cent. We tried to protect the rights of both tenants and landlords," Turkish Justice Minister Bekir Bozdag told reporters before the parliamentary vote on Wednesday.

The profit index the Central Registry Agency (MKK) compiled for Borsa Istanbul-listed companies increased by 149 percent in the first quarter of 2022 from a year ago.

The index, which advanced 33.5 percent in the October-December period of last year, also rose by 25 percent in January-March from the previous quarter.

Turkey's exports increased by 24.6 percent in April from a year ago to stand at $23.4 billion, the Turkish Statistical Institute (TÜİK) said on May 31.

Imports grew by 35 percent on an annual basis to $29.5 billion.
Consequently, the country's trade balance posted a deficit of $6.1 billion in April, rising 98.5 percent compared with the same month of 2021.

The Bulgaria government will adopt the National Plan for the Introduction of the Euro today, Prime Minister Kiril Petkov announced at the beginning of the sitting.

Turkey's exports increased by 24.6 percent in April from a year ago to reach $23.4 billion, data from the Trade Ministry have shown.

"This marked the all-time highest in monthly exports," Trade Minister Mehmet Muş said on Twitter, adding that the country's 12-month exports surpassed the $240 billion threshold.

The Russian ruble reached a two-year high against the dollar and the euro today, mostly due to strict capital controls in the country and despite the announced next package of EU sanctions, Reuters reported, quoted by BTA.

In morning trading, the ruble rose 0.7 percent against the dollar to 68.62 rubles, its strongest position since June 2020.