Balance of payments

World Bank cuts Turkey's growth forecast for 2016

The World Bank has revised its growth forecast for Turkey in 2016 to 2.1 percent from 3.1 percent, the bank said in its economic report for Turkey on Feb. 2.

The bank said it reviewed the forecast "because recovery in the fourth quarter was weaker than envisaged," while adding that net exports would help the country's growth rate recover in 2017.      

The Turkish Lira exchange rate says it all

The foreign exchange rate is not just an economic parameter, it has been a central data issue for Turkey for at least a quarter of a century. Foreign exchange rates in Turkey say a lot about the country. The poor and the rich, the villager and the urban dweller, the young and the old are all somehow aware of Turkey's most fundamental problem. 

BNB: Positive Balance of Payments of EUR 417.1 M in September

In September, Bulgaria's balance of payments remained positive and marked an improvement for the first nine months of the year, showed data of the Bulgarian Central Bank (BNB).

The current and capital accounts balance of Bulgaria was positive in September and amounted to EUR 417.1 M, given a surplus of EUR 292.2 M exactly a year ago.

BNB Reports Positive Balance Of Payments in July

In July, Bulgaria's balance of payments remained positive and marked a solid improvement for the first seven months of 2016, showed BNB data, cited by BNR.

The current account balance and the capital account balance were positive in July and amounted to Euro 635.7 M, compared to a surplus of Euro 566 M in July 2015.

Umbrella upturns: Capital inflow to Turkey down 73 percent

The results of the November 2015 balance of payments released last week have confirmed an ongoing trend: The foreign resource inflow that has been financing Turkey's growth for 12-13 years dropped radically in 2015, and this could be considered a sign of a new era rather than a temporary trend. A new climate has gone into effect and the growth paradigm based on foreign resource inflow has actua

Bank of Greece releases current account balance for Greece

Ιn  October 2015, the current account showed a surplus of 314 million euros, against a deficit of 456 million euros compared to the same period in 2014.The improvement is attributed to a decline in the deficit of the balance of goods that managed to improvethe surplus of the services balance.

Primary and secondary income accounts showed an improvement.

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