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Steve Hanke, Professor of Applied Economics at The Johns Hopkins University in Baltimore
Venezuela is "dangerously close" to hyperinflation with its inflation rate currently at 45% per month, Prof. Steve Hanke has opined.
"If inflation moves much higher, the legacy of Hugo Chavez's Bolivarian Revolution will be that Venezuela joins the rather select hyperinflation club as the 57th member," Prof. Hanke wrote in a blog.
You can read the full text of the blog "Venezuela: Not Hyperinflating -- Yet" here.
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Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
In a move set to reverberate through global markets and geopolitical dynamics, the United States has announced the renewal of sanctions against Venezuela, citing unmet political commitments by President Nicolás Maduro
Eurostat's latest report revealed a slowdown in annual inflation across the European Union, with the figure dropping to 2.6% in March 2024 from 2.8% the previous month
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
Amid escalating tensions and a renewed Russian offensive, the United States is poised to deliver much-needed military aid to Ukraine following prolonged delays and uncertainties, signaling a crucial lifeline for the embattled nation in its struggle agains
Yesterday, Acting Prime Minister Dimitar Glavchev proposed to President Rumen Radev to relieve the Acting Minister of Agriculture Kiril Vatev from his post and to appoint Georgi Takhov as head of the department, the government information service reported
As the Russo-Ukrainian war enters its third year, there is considerable anticipation across Europe for its resolution, given the substantial human and material toll on both sides
Ecuador has officially abandoned its plans to send Soviet-style weapons to the United States, which were intended for transfer to Ukraine, citing its stance on international armed conflicts
Amidst the geopolitical repercussions of ongoing war in Ukraine, the Eurasian connectivity is again in focus
Barely two weeks into 2024, tensions on the Korean Peninsula are rapidly escalating, as IFIMES Institute was periodically writing
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
