Great Recession
Mining Industry Leads as Producer Prices Rise in Bulgaria
In Bulgaria, producer prices in August saw a 1.5% increase compared to the same month last year, according to data from the National Statistical Institute. The mining industry experienced the largest price growth, rising by 9.1%, while prices in electricity, heat, and gas production and distribution increased by 7.7%.
House prices almost double
House sale prices in Attica have increased by 88% since the beginning of the recovery of the real estate market in 2017 and up to the second quarter of this year, based on Bank of Greece data released on Tuesday.
- Read more about House prices almost double
- Log in to post comments
Greeks have changed their consumer habits due to rising prices, survey shows
According to a survey conducted by the General Confederation of Consumers of Greece and released on Tuesday, Greeks have significantly changed their consumption habits due to rising prices, especially for food and utilities.
Of those surveyed, 68.9% said they were very affected by price increases over the past year, while 25.4% said they were somewhat affected.
A triple stress test for Europe
During the global financial crisis of 2007-9, the US government and the Federal Reserve subjected US banks to a stress test. The idea was to test banks in severe - but hypothetical - recession scenarios in which they would have to show they were adequately capitalized, thereby restoring the confidence of depositors and investors.
- Read more about A triple stress test for Europe
- Log in to post comments
Average home price 3.4 million liras in Türkiye: Study
An average home price in Türkiye was 3.4 million Turkish Liras ($103,000) in May, according to the numbers from Endeksa, which compiles data on the real estate market.
Home prices rose 48.47 percent annually, while the monthly increase was 0.36 percent.
Rent and home prices decline in real terms across Türkiye
In real terms, adjusted to inflation, rent and home prices declined in February compared to January across Türkiye and the country's three largest cities, according to a report from Istanbul-based Bahçeşehir University's Economic and Social Research Center (BETAM).
China cuts key mortgage rate to boost economy
China's central bank yesterday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to rescue its housing market from a deepening crisis and boost flagging growth in the country's economy.
- Read more about China cuts key mortgage rate to boost economy
- Log in to post comments
USA: Immigration is now top voter concern, beating inflation, new poll shows
The third biggest concern was “economy and jobs”
Ukraine aid is the best boost for global economy: Yellen
Redoubling support for war-stricken Ukraine is the "single best" way to aid the global economy, U.S .Treasury Secretary Janet Yellen said Sunday, along with boosting emerging economies and tackling debt distress.
Brussels: Energy diversification is crucial
Greece's economy is particularly vulnerable to fluctuations in international energy prices due to its high dependence on fossil fuels, and despite the support provided to industry and low-income households, could be severely affected by prices, the European Commission noted this week.
- Read more about Brussels: Energy diversification is crucial
- Log in to post comments