Financial economics

Bulgarian telecommunications companies are set to implement price increases this year, citing the impact of inflation. This follows a similar adjustment in February 2020. While Vivacom and A1 have confirmed the upcoming indexation, Yettel has chosen not to comment at this time.

Inflation closed in December with an increase compared to November, as it stood at 3.5%, from 3% a month before, official figures showed on Friday.

Banks and real estate market operators are predicting a mild decrease in home sales prices for 2024 since, as they estimate, the rally of the last two years is coming to an end.

The European Commission has reiterated warnings concerning the significant challenges posed to the Cypriot economy from private debt, as it has done before in regular post-program or post-memorandum reports.

The yield of the Greek 10-year bond, the benchmark of the Greek debt market, has now dropped below 3%, at the lowest levels since April 2022, when the main interest rate of the European Central Bank was still at negative levels.

With the real estate market due for a correction after significant price hikes, according to real estate experts and the Bank of Greece, there is a market segment, winter holiday homes, which never rebounded from the financial crisis.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to keep the key policy rate on hold at 6.50 pct.

It did not change the rates on deposit (5.25 pct) and lending facilities (7.75 pct) either, the NBS said.

An association of the Capital Markets Board (SPK) has intensified its investigations on both the real estate sector and entities producing valuation reports after extensive profiteering and manipulations were detected, particularly in property sales to foreigners seeking Turkish citizenship, a senior official has said.

The potential demand for homes cannot be unleashed due to the combination of several factors, including elevated residential property prices and high loan costs, according to representatives from the real estate market.

Investor confidence will be further strengthened and foreign fund inflows into Türkiye will accelerate, Finance Minister Mehmet Şimşek has said.