Türkiye has raised the euro-lira conversion rate for medicine prices by 30.5% to 14.0387 lira per euro, the country's Official Gazette showed on Sunday. The updated conversion rate is nearly half the market rate, with the lira standing at 29.9727 against the euro at Friday's close, Reuters said. The increase in medicine prices could further stoke inflation, which is already expected to rise more this year due to the lira's depreciation and recent tax hikes introduced by Ankara. Economists are revising their end-2023 inflation forecasts to around 60% from 38.21% in June.
OPEC celebrates 60th anniversary in Baghdad iraqinews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iraqinews.com Daily Mail and Mail on Sunday newspapers.
Astana, Jun 9 (EFE).- UAE’s Minister of Energy, Suhail Al Mazroui, on Friday called for a timeline of up to 30 years when planning the use of energy resources, warning against destroying the economy by solely seeking renewable energies. “Every country needs to have a plan not for 10 years, 20 years, but perhaps for …
LONDON: Opec and its allies have begun two days of meetings last Saturday which may culminate in further production cuts of as much as one million barrels per day (bpd) as the organisation faces flagging oil prices and a looming supply glut.
Three words sum up the recent ministerial meeting of OPEC+: Predictability, transparency, and stability. The Organization of the Petroleum Exporting Countries and its 13 allies, known as OPEC+, had surprised markets with a voluntary cut of around 1.5 million barrels per day in April this year, which failed to achieve the desired result as New York oil futures were down 11