Inflation expectations improve, says Finance Minister Şimşek

The positive results of the economic program the government is implementing are reflected in inflation expectations, Finance Minister Mehmet Şimşek said.

The inflation expectations for the end of 2024 declined from 44 percent in April to 43.64 percent in May, the Central Bank's Survey of Market Participants showed on May 17.

Tabakovic: Serbian inflation projected to enter target tolerance band in May

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Tuesday Serbian inflation was expected to enter the target tolerance band as early as in May.

"Inflation in Serbia has been on a solid downward trajectory, and over the previous months it has slowed even faster than we anticipated," Tabakovic said at the presentation of the May 2024 Inflation Report.

Business circles welcome government’s savings package

Business leaders have voiced support for the measures announced by the government aimed at reining in spending and boosting efficiency in the public sector, saying that the package will contribute to the fight against inflation.

The savings package was unveiled by Vice President Cevdet Yılmaz and Finance Minister Mehmet Şimşek on May 13.

Government unveils savings measures package

Vice President Cevdet Yılmaz and Finance Minister Mehmet Şimşek have unveiled savings measures package aimed at increasing efficiency in the public sector.

The measures have three main pillars: Public savings, discipline in the budget spending and efficiency in public investments, Şimşek said at a press conference in Ankara.

Eurostat Report: Bulgaria Among Few EU States Witnessing Coffee Price Hike in 2024

In March 2024, the annual increase in the consumer price of coffee in the EU decelerated to 1%, a notable slowdown compared to March 2023, when it surged by 13.5%. This rate is now nearing the level observed in July 2021, when prices rose by 0.8%, as per data from Eurostat, the official European statistics agency.