World Bulletin / News Desk
Inequality in income distribution in the European Union saw no improvement in 2015 from the previous year, the bloc’s statistical authority said Wednesday.
The income quintile share ratio -- calculated as the ratio between the total income received by the 20 percent of the population with the highest income and that received by the 20 percent of the population with the lowest income -- was 5.2 points in 2015, the same as in 2014, according to a Eurostat report.
The reading had risen to 5 points in 2011 from 4.9 in 2010, and remained there before edging to 5.2 points in 2014.
Apart from the relatively high income distribution inequality in the EU, the rate also substantially varies between member states -- ranging from as low as 3.5 in Slovakia to as high as 9 in Serbia.
Slovakia and the Czech Republic ranked as the most successful EU countries in terms of income equality with a rate of 3.5 points. Finland followed with 3.6 points.
Meanwhile, Serbia scored the worst with a reading of 9 points. Romania and Lithuania followed with rates of 8.3 points and 7.5 points, respectively.
Luxembourg, Ireland and France were the best performing economies between 2013 and 2015, seeing improvements of 0.3 points, 0.2 points and 0.2 points, respectively.
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44