Economy of the United Kingdom

Bulgaria Registers Monthly Inflation of 0.2% in February 2015

The consumer price index in February 2015, as compared to January 2015, stood at 100.2% and the monthly inflation amounted to 0.2%, according to data of Bulgaria's National Statistical Institute (NSI).

The inflation rate in February 2015, as compared to December 2014, stood at -0.2%.

The annual inflation rate in February 2015, as compared to February 2014, stood at -0.5%.

Turkey's current account deficit narrows to $2 billion upon oil slump

Turkey?s current account deficit narrowed to $2 billion in January, beating estimates, thanks to the decrease in oil prices and the fall in the foreign trade deficit in the same period, according to data released by the Central Bank on March 11.

The annual current account deficit fell to $42.87 billion in January from $45.85 billion in the previous month, according to the data.

Romania's economy grows 2.9 per cent in 2014; industry and communications, most important contributions

The Gross Domestic Product (GDP) in 2014 was 2.9 per cent higher in real terms compared with 2013, industry and communications having posted the most important contributions, according to the provisional data the National Institute of Statistics (INS) released on Friday.

Photo credit: (c) Cristian NISTOR / AGERPRES ARCHIVE

Turkey’s current account deficit shrinks to 35-month low

Turkey’s current account deficit, the main sore spot of the emerging economy, stood at $2.02 billion in October this year, making for an annualized gap of $45.72 billion, the lowest since December 2010.

The Central Bank data comes at a time when the economy is apparently shifting from the fast lane to a more moderate growth pace.

Burgas Miners End Strike

Coal miners' striking at an underground pit near Burgas over wage arrears have ended their protest action, state-run Bulgarian National Radio reported on Friday.

Some 60 miners, who had spent more than 40 hours 300 metres below ground to demand unpaid wages for two months, emerged from the pit after their demand was met.

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