Economy

As widely expected, Türkiye's Central Bank has once again kept its policy rate - one-week repo auction rate- constant at 8.5 percent. 

Türkiye's Central Bank has decided to keep its policy rate -one-week repo auction rate- unchanged at 8.5 percent.

The Ministry of Finance, banks and funds are discussing changes to the basic terms of the out-of-court settlement, which will lead to the cancellation of debts for more debtors.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2797 dinars for one euro on Thursday, which is a slight change from Wednesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.2 pct y-o-y and steady relative to the beginning of the year.

The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy. Despite expectations of a slowdown, the economy is seen avoiding a recession, as indicated by the Economics Research Center (ERC) of the University of Cyprus' Economics Department.

The main index at the Greek bourse slid back below the 1,200-point level it had captured this week, as on Wednesday it gave up some of the ground earned during Monday's huge rise. 

Banks were at the center of the market's profit-taking, though many mid-caps resisted the pressure and their index fared better than the rest of the market, losing only 0.66%.

A rare ancient Greek coin fetched a record-breaking six million dollars at an auction held on May 19 at the Numismatica Ars Classica auction house in Zurich.

The 2,400-year-old gold stater, minted around 340-25 B.C.E., was bought by a private collector, Artnet Magazine reported. 

Premium production by insurance companies operating in Greece grew 6.8% in the first quarter of 2023, compared with the same period last year, the Association of Insurance Companies of Greece said in a report.

The deadline for the filing of income tax returns for 2022 has been extended to July 31, following a decision by the Deputy Minister for Taxation Policy and Public Property Apostolos Vesyropoulos.

Moreover, the payment deadline for the first tax instalment remains July 31.

If after June 10 there is no adopted budget for the year or a new extension of last year's budget, the state will only be able to spend as much as it collects. This becomes clear in the response of the Bulgarian Ministry of Finance after a question from the National Radio whether, in the worst case scenario, there will be funds for pensions and salaries in the public sector.