Hyperinflation, Dollarization and the Giant Growth of the Turkish Economy

Turkish President Recep Tayyip Erdogan has fired three governors of the Turkish Central Bank since mid-2019 and is fighting high interest rates in every possible way, insisting on applying low interest rates to the Turkish economy to boost growth and investment. Its purpose is to avoid a giant tsunami of bankruptcies for both businesses and …

The Opportunity for Change for Businesses After the Covid-19 Era

After the Covid-19 era, opportunities arise for both governments and businesses. More specifically, governments and businesses, respectively, operated in isolation, before the onset of the pandemic, resulting in unsustainable economies and societies dependent on state support. Governments can now create stronger, more resilient, and more just societies. On the other hand, companies can advance this …

Artificial Intelligence and the Digital Transformation of Business

The digital transformation of businesses is based on the collection and utilization of data generated in an efficient, useful and profitable way. The framework of transformation, Data Analytics and Artificial Intelligence Transformation Framework, combined with the use of advanced analysis methodologies in cloud computing technologies, are key tools of success. The Data Analytics and Artificial …

Properties: Reasons to Boost Their Prices

The constant upward trend in property prices is an international phenomenon. In the Eurozone, the growth rate of house prices for Q2 2021 reached 6.8% on an annualized basis. Respectively, in OECD countries, nominal house prices increased by 12.3% on average, on an annual basis. The countries with the highest house prices were Turkey (30.2%), …

What Does “Climate Neutral” Business Mean?

The number of companies announcing that they are or will become climate neutral is growing. Accepting a company as “climate neutral” means that they will absorb more greenhouse gas emissions than they produce. It is the trend of the time, companies to realize the changes that are taking place and in turn try to co-shape …

Small and Medium Enterprise Empowerment Policies Against Competition

For the past two years, under the pressure of lockdowns brought about by the Covid-19 pandemic, the pressure of competition from multinational companies to small and medium-sized enterprises, shows that the only way to survive is through mergers. Small and medium-sized enterprises in Europe are those that operate with 1 to 50 employees. The governments …

Income Increases in the EU are Imperative

Due to the difficulties faced by households in coping with rising energy costs, EU member-countries’ governments have entered the process of supporting household electricity bills through a subsidy policy. Sure, such a policy – covering subsidized electricity increases – is a humanitarian benefit, but it is not enough, as it only covers part of the …

The Global Economy is losing Momentum

The outlook for the global economy does not seem to be so favorable given the significant challenges it has to face. More specifically, the problem of inflation is major at the moment with most analysts believing that the phenomenon is temporary and once supply chain problems normalize, striking a balance between supply and demand, inflation …

Further Increase in Inflation launches Increase in Social Inequalities

While the global economy has not yet been able to leave the Covid-19 pandemic irrevocably behind and go unaffected, at the same time, distortions are being created in the global socio-economic context which will surely lead to negative developments. Given the very serious and persistent increase in raw material prices combined with the existing negative …

The Era of Expensive Money

Central banks around the world are beginning to gradually implement a tapering policy in which they reduce their purchases on bonds by effectively reducing the liquidity cannula in economies. This is due to the gradual improvement of economic indicators and the rapid rise in inflation. Τhe FED, the Bank of England, the Norges Bank and …

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