Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
Unemployment rate drops to 12.1 pct in June, lowest since before first MoU
Inflation slows to 11.6 pct in July as housing and transport costs rise sharply
Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
Impact of uncertainty on economy starting to emerge in hard data
Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July
High energy prices fuel uncertainty on fiscal front
The energy crisis fuelled by the Ukraine conflict will dominate the attention of Finance Ministry officials in the coming months as uncertainty over supplies during the winter has been priced into natural gas prices, which have reached 160 euros/MWh, creating doubts about the cost of the latest energy subsidy scheme.
The new scheme, providing subsidies for electricity bills, was launched this week. It intends to cap retail bills. An amount of 850 million euros has been budgeted until the end of the year. However, the calculations were based on lower wholesale gas pr...
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