Economy

US labor market recovery to persist through 2022: Fitch

The coronavirus pandemic has hit the lower-wage service jobs disproportionately in the U.S. and labor market recovery could persist through 2022, according to Fitch Ratings.

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"Employment recovery is far from complete and largely unequal," the global rating agency said in a statement on Wednesday.

PwC survey: Local M&A market continues upward trend in H1, hits 1.8 bln euros

Merger and acquisition (M&A) deals concluded in the first half of 2021 amount to an estimated 1.8 billion euros for over 80 transactions announced, shows a survey by PwC Romania which confirmed the market's upward trend resumed since the second half of 2020.

Horeca salaries, up 20pct from 2019 in Romania (recruitment platform)

Pay in Romania's Horeca industry have increased by up to 20% since 2019, according to more than half of the representatives of such companies participating in a recent survey, with some instances of average salaries exceeding 4,000 lei, according to data centralised by an online recruitment platform released on Tuesday.

Istanbul retail prices up 1.5 pct in July

Retail prices in Istanbul, Turkey's largest city by population, rose 1.52 percent month-on-month in July, data from the Istanbul Chamber of Commerce (İTO) have shown.

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Housing expenses increased by 4.67 percent last month from June while the increase in food prices in the country's commercial and financial center was 1.15 percent.

Annual inflation in July at 2% due to more expensive fuel

Ljubljana – Annual inflation in Slovenia in July ran at 2%, mostly on the account of more expensive petroleum products, while monthly inflation was at 0.4%, the Statistics Office reported on Friday.

Petroleum products accounted for 1.2 percentage points of the annual inflation rate in July, as the prices of liquid fuels were up by 25.2%, diesel by 29.2% and petrol by 24.4%.

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