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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
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Fitch leaves rating at 'BBB' and outlook unchanged, sees strong fiscal performance
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Trade deficit narrowed by 30.5 pct YoY in Mar, down 7.2 pct in Q1
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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