Economics

Türkiye's annual inflation rate is expected to decrease to 55.2 percent in August, down from 61.78 percent in July, according to an Anadolu Agency poll of economists.

The survey found that the monthly inflation rate is projected to be 2.64 percent for August, a decrease from 3.23 percent in July.

The economists' forecast for year-end annual inflation is 42.84 percent.

Latest PMI data signaled unchanged operating conditions for Turkish manufacturers in March with the headline PMI posting at the 50 no-change mark, a survey by S&P Global has shown.

Any figure greater than 50 indicates overall improvement in the sector. The headline PMI reading was 50.2 in February.

Demand expectations by Greek hoteliers reached a historic high in the two months of January and February, in contrast to the rest of the Mediterranean market.

The program foresees 600 million dinars in non-repayable funds.

Theft from convenience stores in the U.K. reached record levels last year, according to a trade body, blaming criminal gangs and a cost-of-living crisis.

The Association of Convenience Stores (ACS), which represents 48,000 stores, said there were more than 1.1 million incidents in the last 12 months.

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?

U.S. consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong.

Greek enterprises' turnover grew 8.3% or by 7.5 billion euros in the first quarter of 2023, totaling €97.56 billion, from €90.1 billion in the same period last year, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.

As the picture of the new economic administration becomes clearer, the ready-made garment sector reiterated its call for solutions to long-standing problems.

The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy. Despite expectations of a slowdown, the economy is seen avoiding a recession, as indicated by the Economics Research Center (ERC) of the University of Cyprus' Economics Department.