Economy

The Trade Union of Food Delivery Couriers staged a two-hour work stoppage on 12 May after delivery companies Wolt and Glovo refused to recognise the union as a social partner or enter talks on a collective bargaining agreement.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2814 dinars for one euro on Wednesday, which is a slight change from Tuesday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.3 pct y-o-y and steady relative to the beginning of the year.

Bank stocks once again pulled the index of the Greek bourse higher on Tuesday, even though mid-caps and the majority of stocks suffered losses at the end of a session dominated by selective moves by traders. This sixth consecutive day of growth for the market's benchmark took the latter to its highest level since early March.

President Recep Tayyip Erdoğan on May 9 announced a 45 percent increase in wages of public workers, ahead of the key May 14 elections.

"We are increasing wages by 45 percent, including the welfare share. Thus, we are raising the lowest public worker wage to TL 15,000," Erdoğan said at the 2023 Public Collective Labor Agreement Signing Ceremony.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2979 dinars for one euro on Tuesday, which is a slight change from Monday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.3 pct y-o-y and steady relative to the beginning of the year.

The share of the Turkish population in rented houses was 27.2 percent in 2022, rising from 26.8 percent in the previous year, data from the Turkish Statistical Institute (TÜİK) have shown.

The share of the population living in their own dwelling declined from 57.5 percent in 2021 to 56.7 percent last year, according to TİUK's poverty and living conditions survey.

Alpha Bank, Greece's third-largest lender by market value, on Monday posted a 24% rise in first-quarter net profit on higher interest income.

Alpha Bank, which is 9% owned by Greece's HFSF bank rescue fund, said net profit came in at 162 million euros, up from €131 million in the first quarter last year.

The week at the Greek stock market began in the same way it had closed on Friday, with healthy gains for the majority of stocks driven by the growth registered by banks stocks.

The housing market has recently evolved into one of the most profitable investments, with a return of up to 126% during the last five years (2017-2022).

Those brave enough to acquire an apartment in Attica during 2017 - i.e. when the real estate market began its recovery - are today the big winners, as they have seen the value of their investment more than double.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.2889 dinars for one euro on Monday, which is a slight change from Friday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m, up by 0.3 pct y-o-y and steady relative to the beginning of the year.