Money

Official statistics: Number of pensioners down by 24,000 in Q1, average pension income at 1,650 lei

Romania had an average number of 5.099 million retirees as of March 31, 2021, by 24,000 less compared to the previous quarter, and the average monthly pension was 1,650 lei, up 0.9 percent, the National Institute of Statistics (INS) reports on Monday. There was an average of 4.665 million retirees of the public social security system, down by 14,000 compared to the previous quarter.

Learning How It Works: The Process of Bitcoin Trading Possibilities

One of the most significant things that you will have to master, especially when it comes to dealing with the concept of cryptocurrency is the actual process of how it all really functions. This segment will allow you to further explore all of the possibilities that are available for you to explore, thus achieve all of the points of crypto trading success.

Turkey's inflation to fall to 12% next year: Fitch Ratings

Inflation in Turkey is estimated to decline to 15.5% this year and 12% next year, the global rating agency Fitch Ratings said on June 10.

Interest rate is expected to be 17% at the end of 2021 and 13.5% at the end of 2022, according to a webinar titled "Fitch on Turkey: A Sovereign and Financial Institutions Overview".

IFC invests in RBRO green bonds to promote climate finance in Romania

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing RON 293.5 million (the equivalent of approximately $72 million) in RON-denominated senior non-preferred bonds placed by Raiffeisen Bank SA (RBRO), IFC said in a statement on Monday.

Turkish on-demand delivery pioneer Getir's valuation hits $7.5 bln

Turkish on-demand delivery pioneer Getir's valuation rose to over $7.5 billion, thanks to the investment of $550 million it received.

Getir will utilize the latest capital injection to fuel its expansion into the U.S., the Istanbul-based platform said in a statement on June 4.

Turkey’s power futures market launched

Turkey's Power Futures Market was launched on June 1 within the country's energy exchange, EXIST, to provide participants with the market stability and transparency.

Fatih Dönmez, Turkey's energy and natural resources minister, speaking at the opening ceremony said the market launch would contribute to the development of energy markets in the country.

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