Economy

The new minimum wage has been increased by 34 percent from 8,506 Turkish Liras to 11,402 liras (around $483), Labor and Social Security Minister Vedat Işıkhan has announced.

The Slovenian government has extended the existing system of partial regulation of motor fuel and heating oil prices for another year. The regulation is in force for filling stations outside the country's motorway network.

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.

The tax administration (AADE) and the officials preparing to take the reins at the Finance Ministry intend to combat tax evasion by taking additional legislative and administrative measures.

Wages are rising in Japan more than they have in decades, at least for some workers.

But so are prices, leaving many people feeling they must scrimp more than ever.

In May, the consumer price index was up 3.2 percent from a year earlier, well above the central bank's target of about 2 percent.

Traders at the Greek stock market considered Monday to be a good time to cash in their recent gains, in the absence of several institutionals given the holiday in the US, which also resulted in the lowest daily turnover recorded in over 20 sessions.

How would you feel if your neighborhood bank operated one day as National, the next as Eurobank, the third as Alpha Bank, the fourth as Piraeus and the fifth as a cooperative lender?

A special commission tasked to determine an adequate hike in the minimum wage for more than 7 million workers held a second meeting on June 19.

The first meeting of the Minimum Wage Determination Commission took place on June 13.

From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one — the secretary-general of the United Nations — is pressing for major changes in the other two.

All eyes will be on the Central Bank this week when the Monetary Policy Committee (MPC) is set to meet on June 22 to decide about the policy rate.