Inflation
2024 ‘year of restoration’ in economy
The targets in the Medium-Term Program (MTP) announced by the government after the elections are realistic, says Alpaslan Çakar, president of the Banks Association of Türkiye, adding that there is a correlation between all the figures.
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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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Supermarket turnover climbs 8.9% in 2023
Supermarket turnover grew 8.9% in 2023, reflecting the high inflation rate pressures in the country, NielsenIQ said in a report released on Monday.
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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
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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.
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Pensions to be increased by 43 percent
Pensions will be increased by a total of 42.6 percent for the first six months of 2024, President Recep Tayyip Erdoğan has announced.
The government will offer an extra 5 percent increase in wages for retired people and bring the minimum pension amount to 10,000 Turkish Liras ($332) from a previous 7,500 liras.
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Skrekas: We will not stop until we curb inflation
Development Minister Kostas Skrekas on Tuesday spoke of the government's new measures against high prices in an interview with Skai TV.
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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.
Banks to switch to inflation accounting from 2025
Türkiye's banks and other financial institutions will start applying inflation-adjusted accounting next year, the Banking Regulation and Supervision Agency (BDDK) has announced.
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