Finance

The world's most famous wax museum, Madame Tussauds, is set to open a branch on Istanbul's İstiklal Avenue on Nov. 28. 

At a press conference before the official opening, Sarper Hilmi Suner, the General Director of Legoland Discovery Center and Madame Tussauds in Istanbul, said the museum featured wax figures with a history going back 250 years.

The world's most famous wax museum, Madame Tussauds, is set to open a branch on Istanbul's İstiklal Avenue on Nov. 28. 

At a press conference before the official opening, Sarper Hilmi Suner, the General Director of Legoland Discovery Center and Madame Tussauds in Istanbul, said the museum featured wax figures with a history going back 250 years.

Turkey's Central Bank raised its benchmark interest rate by 50 basis points on Nov. 24, the first increase in nearly three years, as a surging U.S. dollar and domestic worries batter the Turkish Lira.

More than half of Turkey's teachers are fighting a debt burden, with one quarter doing extra work to make ends meet, according to a survey conducted by the teachers' union Eğitim-İş. 

Some 25 percent of the teachers are doing extra work and 60 percent of them are not hopeful for the future, the survey revealed. 

The use of credit cards in Bulgaria is becoming more widely spread, showed an analysis of one of the largest banks in Bulgaria.

Experts estimate a nearly 60% growth in the number of credit cards issued in 2015 and 2016, compared to 2014.

The average Greek wage earner pays 60% of their salary to taxes and other forms of contributions to the state, according to official data, which is 20 percentage points above the German average and 70% over the OECD average! Nearly 70% of Greeks says they are unable to cover their financial responsibilities, while 3 out of 4 fail to pay their monthly bills.

Ferries are expected to stay docked in ports across Greece on Thursday as seamen stage a 24-hour strike in protest at the latest round of cuts to pensions and job insecurity.

There was an immediate reaction by investors to the prospect of the second review of Greece's third bailout being completed in a timely manner, with bank stocks reaping major gains that amounted to 30 percent within just a few days.

After a long period of exclusion, Greek banks have resumed transactions in the interbank market, a sure sign that conditions are returning to normal and expectations are growing.

Ferries are to remain moored in ports across the country on Thursday as seamen stage a 24-hour strike in protest at the latest round of cuts to pensions and job insecurity.