Economy

The price of electricity per kilowatt-hour may have been decreasing continuously in recent months following the de-escalation of the price of natural gas, but the total electricity bill still happens to have increased and is even expected to increase further in the coming months.

Greece's current account deficit recorded an increase of 120.7 million euros year‑on‑year and stood at 1.8 billion in April but fell by 3.0 billion euros to stand at 5.6 billion in the January-April period, the Bank of Greece said on Tuesday.

Registered unemployment fell 7.8% in May, totaling 854,181, compared with May 2022 and fell by 7.9% in comparison with April 2023, public employment service DYPA said in a report on Tuesday.

More specifically, 507,209 people, or 59.4% of total unemployed are long-term unemployed, while unemployed men accounted for 292,389 (34.2%) and women 561,792 (65.8%).

After July 1, pensions will increase by 12%, Minister of Labor and Social Affairs Ivanka Shalapatova told bTV.

She stated that Finance Minister Asen Vassilev confirmed that there is money in the budget for the increase in pensions under the so-called swiss rule

This means that pensions from 467 leva will increase to 523 leva.

The new minimum wage has been increased by 34 percent from 8,506 Turkish Liras to 11,402 liras (around $483), Labor and Social Security Minister Vedat Işıkhan has announced.

The Slovenian government has extended the existing system of partial regulation of motor fuel and heating oil prices for another year. The regulation is in force for filling stations outside the country's motorway network.

The road to changing the country's development model will be long and difficult. The intention to stop Greek GDP being so dependent on consumption has not yet begun to be reflected on the GDP blueprint.

The tax administration (AADE) and the officials preparing to take the reins at the Finance Ministry intend to combat tax evasion by taking additional legislative and administrative measures.

Wages are rising in Japan more than they have in decades, at least for some workers.

But so are prices, leaving many people feeling they must scrimp more than ever.

In May, the consumer price index was up 3.2 percent from a year earlier, well above the central bank's target of about 2 percent.

Traders at the Greek stock market considered Monday to be a good time to cash in their recent gains, in the absence of several institutionals given the holiday in the US, which also resulted in the lowest daily turnover recorded in over 20 sessions.