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.
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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".
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.
Turkey's Central Bank chief on June 2 tried to quash speculation that the bank's Monetary Policy Committee (MPC) will cut interest rates earlier than investors expect.
The new governor told investors in remarks carried by Turkish media that market expectations of an impending rate cut were groundless.
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.