Financial economics

The minimum wage will remain at the level of BGN 710 (EUR 363) until 2025, it is clear from the draft of the new medium-term budget forecast of the Ministry of Finance. It envisages a lower rate of annual growth of pensions - from July 1, 2023, it will be 9.1 percent, and in the coming years, the indexation will be respectively 6.9 and 5.4 percent.

The recent surge in inflation rates is deemed by the Turkish government as temporary, Treasury and Finance Minister Nureddin Nebati said yesterday.

As the first quarter of 2022 winds down, the IPO parade is ending with a whimper - there were no initial public offerings this week and just one last week.

After a banner 2021 for initial public offerings, the pace of new Wall Street arrivals has slowed considerably in an environment marred by market volatility, geopolitical turbulence and tightening monetary policy.

As the first quarter of 2022 winds down, the IPO parade is ending with a whimper - there were no initial public offerings this week and just one last week.

After a banner 2021 for initial public offerings, the pace of new Wall Street arrivals has slowed considerably in an environment marred by market volatility, geopolitical turbulence and tightening monetary policy.

Turkey's short-term external debt stock was at $125.6 billion at the end of December 2021, indicating an increase of 10.2 percent compared to the end of 2020, the country's Central Bank said.

Banks' short-term external debt stock decreased by 9.7 percent to $51.8 billion and other sectors' short-term external debt stock increased by 35.1 percent to $47.8 billion.

Turkey's external assets stood at $307.4 billion in November, 2021, indicating an increase of 20.3 percent from the end of 2020, the Central Bank's the International Investment Position (IIP) data have shown.

Liabilities, on the other hand, against non-residents were $527.8 billion, risin 17.6 percent.

Turkey's short-term external debt stock amounted to $124.4 billion as of end-September, the Central Bank revealed on Nov. 17.

The foreign debt that must be paid over the next 12 months posted a rise of 8.8% compared to the end of 2020, the bank said in a statement.

Turkey's short-term external debt stock totaled at $126.9 billion as of end-August, the country's Central Bank announced on Oct. 15. 

The amount of debt that must be paid over the next 12 months increased 11.1% compared to the end of last year, the bank said in a statement.

Guess what the most preferred country is?

The crisis with surging prices of energy sources is worse and will take longer to be resolved compared to the Covid-19 pandemic slowdown and the supply bottlenecks for major industries, European Central Bank President Christine Lagarde said in an interview for CNBC.