Posts by category: Economy

SRC Freezes State Officers' Pay Increases: Economic Pressures Force Delays

The Salaries and Remuneration Commission (SRC) has decided to halt proposed salary increases for State officers due to harsh economic realities and tight budget constraints. This decision focuses on maintaining fiscal sustainability amidst rising public wage bills and economic challenges faced by the nation.

Kieran Botha | Jul, 3 2024 Read More

Hungary's Fuel Prices Remain Competitive Amid Regional Fluctuations

Fuel prices in Hungary have stayed below the regional averages, thanks to significant governmental intervention. Decreases in petrol and diesel prices outpaced those in neighboring countries, with petrol falling by HUF 17 and diesel by HUF 7. The Ministry for National Economy attributes this to strategic price cuts aimed at easing household financial burdens and stimulating economic recovery.

Kieran Botha | May, 17 2024 Read More

EPRA Announces Reduction in Fuel Prices Across Kenya for May-June 2024

The Energy & Petroleum Regulatory Authority (EPRA) has announced a decrease in fuel prices for the period from May 15 to June 14, 2024. Prices for Super Petrol, Diesel, and Kerosene will see reductions, directly impacting the cost of living and transportation across major Kenyan cities such as Nairobi, Mombasa, and Eldoret.

Kieran Botha | May, 14 2024 Read More