Inflation

IOBE sees growth at 2.4% in 2024

Greece will see an annual growth of around 2.4% in real terms in 2024 and an unemployment rate of around 10.5%, according to the assessment of the Foundation for Economic & Industrial Research (IOBE) and its quarterly report (4/2023) presented in an online press conference on Thursday.

Bulgarian Telecom Companies Announce Price Hike in Response to Inflation

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.

Serbian November average net monthly wage at 89,956 dinars

BELGRADE - The Serbian average net monthly wage in November was 89,956 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 123,971 dinars.

Average gross and net wages between January and November were up by 15.0 pct y-o-y in nominal terms and by 2.0 pct y-o-y in real terms.

Salary is not enough for most

The monthly income is sufficient for just 19 days for around 61% of households in Greece, as price hikes in basic goods and services eat away at incomes for the third year in a row, while inflation has been at much larger levels than any salary increase in recent times.

ECB to signal no rush to cut interest rates

European Central Bank (ECB) policymakers are expected to keep interest rates steady on Jan. 25 and signal they are in no hurry to start slashing borrowing costs despite progress against inflation.

The Frankfurt institute is tipped to pause for the third meeting in a row following a historic run of hikes to tame runaway prices, leaving the benchmark deposit rate at 4 percent.

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