World Bank

World Bank extends loans of 250 mln euros for Turkish exporters

The World Bank's Board of Executive Directors has approved a partial credit guarantee in the amount of 250 million euros (around $273 million) to the Export Credit Bank of Turkey (Türk Eximbank) as part of the Turkey Long-Term Export Finance Guarantee Project, according to a statement.

Approximately one million jobless in Romania due to COVID-19

The number of jobless people in Romania, due to the novel coronavirus, is about one million, taking into account the employment contracts suspended and terminated at the end of May, a press release of the National Confederation for Women Entrepreneurship (CONAF) reads on Monday. "To this figure will be added the number of Romanian jobseekers coming from abroad.

Turkey’s economy to bounce back in 2021: World Bank

The Turkish economy is expected to bounce back to a record 5 percent growth next year after contracting 3.8 percent in 2020, the Work Bank said in the latest issue of Global Economic Prospects report.
"The economy is expected to return to growth in 2021, on the back of gradual improvement in domestic demand," the bank said on June 8.

World Bank: Bulgarian Economy to Decline 6.2% for 2020 and Growth of 4.3% in 2021

The coronavirus crisis will shrink the global gross domestic product by 5.2% in 2020. For the Bulgarian economy, the forecast is a decline of 6.2% for 2020 and a recovery next year to a growth of 4.3%. This is data indicated in the World Bank's Global Economic Prospects reports.

Ailing Romanian Coal Region Sees New Hope in EU Green Deal

Danciu, 31, only wishes it had happened sooner.

"Just Transition is a process that should have started 23 years ago," he told BIRN.

"Only now do we think of it as something serious, something that needs to be done, when the valley is half empty. It's a pity we lost so much time."

'Great potential'

Mihai Danciu. Photo: Private archive

Fertility rate in Turkey in decline, but still above European average: TÜİK

Turkey's total fertility rate, the average number of live births that a woman gives, fell to 1.88 per woman in 2019, according to data released by the Turkish Statistical Institute (TÜİK).

"While the total fertility rate was 1.99 children in 2018, it was 2.07 children in 2017. This showed that fertility remained below the population's replacement level of 2.10," TÜİK stated.

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