Economic growth

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.

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.

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.

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.

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. 

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).

The government has set four priorities in its economic diplomacy, namely openness, foreign investment, promoting Greece's international presence and innovative projects, Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis told an online event on Wednesday.

Bulgarian economy has been shrinking in the last trimester of 2020, but the same trend is expected to persist in the first months of 2021 too, forecast UniCredit Bulbank experts in their three-month analysis of economic development of the Central and East European countries.

Turkey's industrial productivity increased by 2.84% year-on-year from July to September, the Industry and Technology Ministry said on Dec. 11. 

Calendar adjusted index of production per person employed stood at 114.09 in the third quarter of 2020, rising from 110.23 in the same period last year, according to official figures.

Posting 6.7% year-on-year growth in the third quarter of 2020, Turkey performed better than numerous other countries, including EU members and fellow OECD countries.

This July to September, dozens of economies saw declines due to measures to stem the spread of the COVID19, such as lockdowns and travel bans.