Economic growth
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.
Turkey's industrial output soars 40.7% in May
Turkey's calendar-adjusted industrial production jumped 40.7% in May compared to the same month last year, the country's statistical authority announced on July 13.
The overall rise beat even the upper range of economists' estimates from an Anadolu Agency survey.
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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
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Turkey's economic confidence improves in June
Turkey's economic confidence index posted a monthly increase in June, according to official data released on June 29.
The index soared by 5.6% to reach 97.8 in June, up from 92.6 in May, the Turkish Statistical Institute (TÜİK) said.
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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.
Central bank expects economy to expand by 5.2% this year
Ljubljana – Slovenia’s central bank has markedly upgraded its economic growth forecast for the country since December and is now projecting the economy to expand by 5.2% this year, up 2.1 percentage points, followed by a 4.8% growth in 2022, up from the 4.5% forecast in December.
Price hikes of up to 17% on supermarket shelves
Family budgets are burning and from the threat of a generalized wave of price increases that is beginning to be felt in the Greek market.
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Turkey sees mixed picture for sectoral confidence in May
Turkey's services and retail trade sectors posted declines in confidence in May, while the construction sector saw an increase, the country's statistical authority reported on May 25.
Turkey's GDP growth 'praiseworthy': Business world
Members of Turkey's business community hailed the country's economic performance based on its gross domestic product (GDP) growth rate last year according to data released on March 1 by the country's statistical authority.
Turkey's economy expanded 1.8% year-on-year in 2020 despite the economic fallout from the coronavirus pandemic, said the Turkish Statistical Institute (TÜİK).
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