Financial crises
Systemic risks to financial stability improving but remain elevated
Ljubljana – The general gravity of systemic risks to financial stability has been reduced as the economy has rebounded, but there are elevated risks stemming from the housing market and the long-term profitability of banks, according to the central bank’s latest Financial Stability Review.
Turkey's annual inflation rises in September
Turkey's annual inflation rate climbed in September compared to the previous month, the Turkish Statistical Institute (TÜİK) announced on Oct. 4.
Consumer prices rose 19.58% year-on-year last month, from 19.25% in August, TÜİK said.
The figure, however, was lower than market expectations as a group of 16 economists projected an average annual climb of 19.69%.
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Turkey's annual inflation rises in August
Turkey's annual inflation rate climbed in August compared to the previous month, the Turkish Statistical Institute (TÜİK) announced on Sept. 3.
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Consumer prices in Turkey rose 19.25 percent year-on-year last month from 18.95 percent in July, TÜİK said.
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Annual inflation in August at 2.1% due to more expensive fuel
Ljubljana – The annual inflation rate in Slovenia in August stood at 2.1%, mostly due to significantly more expensive petroleum products, while monthly inflation rate was at 0.1%, the Statistics Office reported on Tuesday.
Central government gross debt stock at $241 bln in July
The Turkish central government's gross debt stock totaled 2 trillion Turkish liras (around $241 billion) as of the end of July, according to official figures on Aug. 20.
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The Treasury and Finance Ministry said the figure slipped 18% from the same period last year.
Inflation to contract during August: Erdoğan
Turkey's headline inflation rate, which reached 18.95 percent in July, will decrease gradually in the rest of the year, President Recep Tayyip Erdoğan has said.
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"We will see a contraction in the inflation rate during August," Erdoğan said on a live broadcast of a private channel late on Aug. 4.
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Istanbul retail prices up 1.5 pct in July
Retail prices in Istanbul, Turkey's largest city by population, rose 1.52 percent month-on-month in July, data from the Istanbul Chamber of Commerce (İTO) have shown.
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Housing expenses increased by 4.67 percent last month from June while the increase in food prices in the country's commercial and financial center was 1.15 percent.
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Stock market transaction volume more than doubles
Turkish stock exchange markets' transaction volume increased by 2.5 times to hit a record 5.2 trillion Turkish Liras (around $700 billion) in the first quarter of 2020.
The main reason behind the sharp increase in the volume registered in the first quarter was the transactions carried out by local investors, said a report by the Turkish Capital Markets Association (TSPB).
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Current account balance deficit increases by 2.74 billion euro in first 5 months of year
The current account balance of payments deficit has increased by 2.74 billion euro in the first five months of this year, to 5.947 billion euro, from 3.207 billion euro in the January - May 2020 period, according to data of the National Bank of Romania sent on Wednesday to AGERPRES.
Businesses feel latest stimulus package falls short
Ljubljana – Slovenia’s largest business chambers have said the latest stimulus package for tourism, worth EUR 243 million and passed by the National Assembly on Wednesday, does not meet expectations and would not sufficiently help sectors most badly affected by the Covid-19 crisis.