Economic impact of the COVID-19 pandemic

Turkey's labor market has largely overcome the impact of the coronavirus pandemic thanks to tourism and the re-opening of the services sector, the country's Central Bank head said on Sept. 28. 

Speaking at a finance event in the metropolis Istanbul, Şahap Kavcıoğlu stressed that the main economic figures in the country were positive in 2021.

The easing of restrictions on domestic activity and international travel will aid the economy

Ljubljana, 12 August – There were more than 20,500 job vacancies in Slovenia in the second quarter of the year, up almost 25% from the first quarter, with demand for workers strongest in hospitality and in culture and entertainment. The country’s vacancy rate thus rose to a quarterly record of 2.6%, the Statistics Office (SURS) said on Thursday.

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

The turnover of the hospitality industry plunged 35 percent in 2020 from 27.5 billion lei in 2019 to 17.9 billion lei as a result of the pandemic, shows a survey by the Termene.ro platform based on the financial statements reported by Romanian companies.

The World Bank has raised its growth projection for the Turkish economy by 0.5 percentage points to 5 percent for 2021.

Brussels – The European Commission has upgraded Slovenia’s GDP growth forecast for this year by 0.2 of a percentage point to 4.9%, while downgrading it to 5.1% for 2022, by 0.1 of a point from its previous, winter outlook. Recovery is expected to be driven by domestic demand and by investment, which will fuel demand for imports.

"Through the experience of my daily customers I have noticed that it helps with lung diseases and asthma," he told BIRN. "In situations like this, people are desperate to find a cure, so that's why they buy donkey milk."

"I have had positive numbers during the pandemic," he said.

German logistics giant Deutsche Post DHL Group will continue its strong growth in Turkey, its CEO has said.

Turkey's industrial production index in December rose 1.3% on a monthly basis and 9% on an annual basis, the country's statistical authority said on Feb. 12. 

The manufacturing index saw the highest year-on-year rise among industrial sub-sectors, with 9.5%, the Turkish Statistical Institute (TÜİK) said in a statement.