Economic indicators
Will the renewed government be able to attract foreign capital?
There is an important economic agenda for the Justice and Development Party (AKP), which came to power again with a quite surprising 49 percent of the vote in the Nov. 1 election. At the center of this agenda is the increase of foreign capital inflow. This requirement is very important both for growth targets and also to be able to rollover the debt burden we are face-to-face with.
Hiding statistics won't prevent a crisis
If I lived in a ?normal? country, I would have devoted this column to Angus Deaton, who won the Nobel Prize in Economics on Oct. 12. But I don?t, and so I need to cover the ?normally boring? Medium-Term Economic Program (MTEP), which was published in the Official Gazette on Oct. 11, instead.
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Calculation maneuvers in national income
The government is now obliged to include official figures and also deterioration that has been ongoing in the economy for a while. Serious revisions have been made in the Medium Term Program (OVP) targets released on the weekend.
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China flash factory PMI unexpectedly falls to 6.5-year-low
Activity in China's factory sector unexpectedly shrank to a 6-1/2 year low in September, a private survey showed, raising fears of a sharper slowdown in the world's second-largest economy that could spell more turmoil for financial markets.
Bulgaria Had Negative Balance of Trade in 2014
The final figures on foreign trade for 2014, which were released by the National Statistical Institute (NSI) on Friday, reveal that Bulgaria had a negative balance of trade with imports exceeding exports.
In 2014, the value of exported goods amounted to BGN 43.2 B, which represented a decrease of 0.7 % compared to 2013.
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Higher economic growth or more sustainable development for Turkey?
Turkey may be one of the best countries to dig into one of the oldest dilemmas of economics: Does the country need to reach higher economic growth rates or maintain more sustainable development rates?
July trade deficit down in July, says Greek statistic authority
The Hellenic Statistical Authority (EL.STAT) released a report showing a 63.1% fall in Greece’s trade deficit, as the both exports and imports recorded a drop in July. More specifically, the total revenue of imports stood at just over 3bln Euros, compared to 4.5bln in July 2014, a 32% reduction.
I show you the money
A reader asked me not to write about ?useless topics? such as summer book recommendations, the relationship between democracy and growth and the economics of weed or love- and ?show him the money? instead. As your friendly neighborhood economist, I am happy to oblige.
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Bulgaria's Government Debt Dips Slightly in June
Bulgaria's government debt totalled EUR 12.26B in nominal terms at the end of June, equivalent to 28.7% of the projected 2015 GDP, official figures show.
The total figure was EUR 50.7M lower than at the end of May due to repayment of debt during the month of June, the Finance Ministry said in a monthly debt bulletin.
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IMF warns Turkey of low net int'l reserves, high short-term debt stocks
Turkey?s external position was weaker than the level consistent with medium-term fundamentals and given large financing needs and short-term nature of capital inflows, Turkey remains vulnerable to capital flow reversal, said the International Fund on July 28 in an analysis about countries? external sector report for 2015.