Economic growth

The National Bank of Serbia (NBS) expects GDP to increase by 0.5 percent this year relative to the May projections which anticipated a stagnation.

The end of peace process will have disastrous effects on Turkey?s political system and economy, said world renowned economist Daron Acemo?lu, in an interview with the Anadolu Agency. 

In its latest report, which was presented on Thursday, Ernst & Young foresees a modest growth of the Bulgarian economy for this and next year.

According to the analysts, the good results from the second quarter will not be sustained due to the shrinking internal consumption, daily Dnevnik reports.

A speeding up of the insolvency lawsuit procedures, providing of correct law implementation, improvement of the mechanisms of dealing with corruption and an improvement in the monitoring of the judiciary are all among the main recommendations of the World Bank to Bulgaria.

The information has been presented at a news conference as a part of the report on the country's productivity.

The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, but concerns remain over the recovery of the labor market, U.S. Federal Reserve officials said on June 17.

The World Bank has upwardly adjusted to 3 per cent its estimates of Romania's economic growth in 2015, from a previous 2.9 per cent this January, according to the June edition of the bank's 'Global Economic Prospects. The Global Economy in Transition,' released on Wednesday.

Fiscal adjustment in Serbia and the Balkan countries will take between five and 10 years to complete, says economist Vladimir Gligorov.

This professor at the Vienna Institute for International Economic Studies added this was the reason these countries cannot expect high rates of economic growth, which will move in the range between two and 2.5 percent over the next ten years.

Romania is in a very good spot in economic terms right now, given that we managed to recover from the economic and social disaster that we were dealing with during the 2010-2011 period, up to a point where an economic growth rate of 3-4 per cent has become possible this year, Prime Minister Victor Ponta on Tuesday told the plenary session of the Deputies' Chamber, as he participated in the deba

High level representatives of development finance institutions, long-term investors and major multilateral financial institutions gathered in Istanbul on May 26 on the occasion of the third D-20 conference. 

According to the forecast of the economists from the Bulgarian Academy of Sciences (BAN), the economy of the country will record a growth of 1.4 % in 2015.

This became clear after the annual report of the Economic Research Institute to BAN was presented on Monday, daily Sega reports.