Economic growth

Asian Migrants Fill Jobs That Picky Albanians Now Spurn

Haque is one of 10 Bangladeshi workers employed by the INCA factory in Lezha. The manager says Albania no longer supplies enough labour, forcing him to seek workers far away.

"I plan to stay here for a long time because I have no other solution," Abudalep, 28, another Bangladeshi migrant employed at the INCA factory told BIRN. "In my country there is no work," he adds.

Turkey's finance minister meets with German business leaders

Turkish Finance and Treasury Minister Lütfi Elvan gathered with top managers of German companies on July 13 for introducing investment opportunities in Turkey.

Recalling that the Turkish economy expanded by 1.8% in 2020, Elvan said preliminary data signals positive GDP results in 2021 for Turkey.

PM Citu: Economic growth due entirely to investments and not consumption

The economic growth of 2.9pct is due exclusively to investments and not to consumption, which is a premiere for Romania, Prime Minister Florin Citu said on Friday. "The INS (National Institute for Statistics) published details on economic growth in the first quarter of 2021.

New upgrades for Greek growth

Foreign agencies and international banks have made a barrage of upward revisions for the growth rate of the Greek economy in order to better capture the stronger-than-expected start of the Greek economy this year, with the recovery rising in the second half, as a result of  domestic demand, the start of the Recovery Fund projects, as well as the increase of tourist receipts, while  increased sa

Most probably budget deficit weight in GDP will be close to 5 pct in 2021 (Banca Transilvania opinion)

Romania will manage to decrease this year from a budget deficit of 9.2 pct of GDP in 2020 to 5.4 pct of GDP, said Andrei Radulescu, director of macroeconomic analysis at Banca Transilvania (BT), at the 17th edition of the event "Meeting with the economic press", in central Predeal.