Economy

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.

mport of waste that is not intended for fuel will be banned, caretaker Minister of Environment, Assen Lichev, said on August 4. He has prepared an order and will submit it to the Council of Ministers within days. The aim is to stop the illegal incineration of such waste in power plants.

Russia has converted its dollar reserve into euros, Chinese yuan and gold

The total number of registered employees has been increasing despite the end of a layoff ban, the head of Turkey's Social Security Institution (SGK) has said.

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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.

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.

The foreign reserves of the National Bank of Romania (BNR) were, at the end of July 2021, at 39.008 billion Euro, rising by 5.9% from the level of 36.831 billion Euro registered on June 30 2021, the central bank announced on Monday.

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.

The Rome Declaration was announced after the first G20 Culture Ministers' Meeting in Rome in a major two-day event held under the Italian G20 presidency.

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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%.