Inflation

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.

What real income will look like for Greeks in 2024

Almost seven in 10 contributors to the Greek Panel of Economists - an initiative of the Scientific Council of the Center for Liberal Studies (KEFiM) that aims to record and present the views of top Greek economists regarding critical matters related to the national economy - are optimistic that the real average income of Greeks will increase in 2024, as long as the prescribed economic policy is

Bulgaria's Eurozone Aspirations Embrace 'Unity is Strength' Campaign

Bulgaria officially launches its campaign for Eurozone entry with the rallying motto "Unity is strength" (Единството е сила). The campaign, unveiled at a special press conference, features a logo created by young artist Georgi Georgiev, seamlessly incorporating symbols of the euro and the Bulgarian tricolor.

‘Wild west’ pricing

Inflation had already begun to rear its head in the autumn of 2021, several months before the Russian invasion of Ukraine, and was exacerbated by the war and the tight monetary policy of the European Central Bank, which, instead of boosting supply, was "attacking" imaginary enemies: excess demand that simply did not exist.

Bulgaria's 2024 Wage Surge: Outpacing Inflation at 2:1 Ratio

Bulgaria is set to witness wages outpacing inflation at a two-to-one ratio in 2024, according to Allianz Trade's latest report. Anticipating a 9% growth in wages compared to an expected 4% inflation, the report indicates a slowdown from the 13.5% wage growth projected for 2023. Despite this deceleration, wages are poised to comfortably surpass rising prices.

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