Social groups
Management in national defense
The Greek government's choices for the new leadership of the armed forces are excellent.
We are at a very critical point, where interdisciplinary cooperation and teamwork, serious management and a radical redesign of Greece's defense plan are required.
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Greedflation not a passing storm
Inflation is, of course, not only a Greek problem or just an imported problem. It's also not like a storm that can't be dealt with and you just wait for it to pass. Nor, again, is it a neutral phenomenon: It redistributes wealth. As long as consumption holds up, producers and retailers raise prices and profits. Are we experiencing greedflation?
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Economy still depends on consumption
The road to changing the country's development model will be long and difficult. The intention to stop Greek GDP being so dependent on consumption has not yet begun to be reflected on the GDP blueprint.
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Government’s medium-term program to be revised: Yılmaz
The government is considering revising the medium-term program in September, Vice President Cevdet Yılmaz has said.
The revised program will provide a framework for fiscal and monetary policies and include structural reforms, Yılmaz said in an interview with private broadcaster CNN Türk.
NBS gross FX reserves hit record-high 22.08 bln euros at end-May
BELGRADE - Increasing by 531.4 mln euros from the previous month, National Bank of Serbia (NBS) gross FX reserves reached 22.088 bln euros at end-May, their highest end-of-month level since records began in 2000.
Transparency and competition
Even if a reduction of value-added tax is not the solution, the continuation of high food prices is a problem that is taking a toll on society.
The Greek market suffered from a lack of transparency and healthy competition even before the current inflation crisis began, and while some efforts were made to deal with these problems, they were obviously not enough.
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Pensions and Protests in Central Europe: Different Strokes for Different Folks
But changes to pensions inevitably create fear and loathing, while any positive impacts won't be seen for years. It's little wonder then that, with so many Czech governments having led a precarious existence, little progress has been made over the decades.
Free gas to help reduce May inflation: TÜİK
The Turkish Statistical Institute (TÜİK) has said that it will take a government decision on free natural gas into account when calculating the May inflation, and that it is expected to have a strong effect in pushing the inflation index down.
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Japan inflation 3.4 percent in April, meeting market expectations
Japan's consumer prices rose 3.4 percent on-year in April, in line with market expectations, government data showed on May 19.
The figure, which excludes volatile fresh food prices, followed a 3.1 percent rise recorded in both March and February.
Inflation expectations decline in May
The end-year inflation expectations in the Central Bank's latest survey of market participants eased from 37.77 in April to 37.17 percent in May.
The annual consumer price inflation further slowed to 43.68 percent in April from 50.5 percent in the previous month, with the CPI advancing 2.39 percent monthly.
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