G20

USA will put pressure on Europeans to fulfill their commitment regarding the Greek debt relief at G20 summit, according to what a representative of the US Treasury stated at MNI.

Japanese Finance Minister Taro Aso said on Sept. 1 it would be beneficial for this week's meeting of the Group of 20 major economies to discuss what is going on in China's economy.

China is Japan's biggest trading partner. China's stock markets have lost nearly 40 percent of their value since mid-June as an economic slowdown rattles investors. 

Bulgaria mulls creating a credit portfolio to provide liquidity support to companies willing to work together with Vietnam, according to Deputy Prime Minister Tomislav Donchev.

Speaking Friday at the opening of a Bulgarian-Vietnamese business forum, Donchev emphasized that Bulgaria had the opportunity to work with Vietnam in new economic spheres.

Robust U.S. growth and stabilizing financing conditions will help the global economy to grow more strongly next year after muted growth in 2015, but some countries are vulnerable to negative shocks due to the strong U.S. dollar, said Moody?s Investors Service in its quarterly Global Macro Outlook report. 

Turkey has faced problem taxing social media companies, said Finance Minister Mehmet ?im?ek. "We believe that social media companies must pay the taxes if they earn money here," he said at a G20 tax event in Istanbul on May 7. 

Representatives from G20 and Organization for Economic Cooperation and Development (OECD) countries will meet in Istanbul on April 10 to discuss how companies can avoid financial risks.

Turkey's economic growth weakened last year to 2.9 percent, well down on 2013 and creating worries for the Turkish government ahead of June legislative elections, official data showed on March 31.
      

BELGRADE - Secretary General of the Regional Cooperation Council Goran Svilanovic said Thursday that business played a key role in cooperation in the Western Balkans.

Long before politicians, businessmen understood the need to go beyond the national framework in order to keep their business going, Svilanovic said at the fourth Business Plus regional conference in Belgrade.

By Costas Iordanidis

There are other issues beyond those focusing on the economy that the government, formerly of the ?Indignants? and currently adapting ? willingly or unwillingly ? to eurozone realities, is faced with. Ankara made sure to remind the SYRIZA-Independent Greeks coalition of this reality, albeit in a rather annoying manner.

Primary Surplus

Little old lady in the village asks her husband, "What does 'primary surplus' mean?"

Husband replies, "In my pocket I have 6 euros, I owe DEI (Public Power Corporation) 500, the bank 1,000 and the taxes 350 euros, but I have 6 euros in my pocket! That is primary surplus."

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