corporate finance

Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages

(Bloomberg) — Turkey boosted its fuel taxes by almost 200% on Sunday, a move that will magnify inflationary pressures and further strain household budgets.

The new special consumption taxes on different types of fuel — including gasoline and diesel —

More than 1.2 billion euros in Russian assets frozen

NICOSIA, Cyprus (AP) — Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus’ Finance Ministry said Tuesday.

The ministry told The

Bolivian Central Bank Is Rebuilding Reserves, Finance Chief Says

Article content

(Bloomberg) — Bolivia’s central bank is rebuilding its international reserves as it deals with a “transitory” liquidity problem affecting the country, according to Finance Minister Marcelo Montenegro.

Article content

The minister declined to elaborate on what the current

Scroll to Top