Economy of the Arab League

Growth in Cyprus will be at 2.9% in 2024, according to the April projections published on the website of the republic's Ministry of Finance.

For the years 2025-2027, GDP is expected to grow further by 3.1%, 3.2% and 3.3% respectively. 

Around 20% of the investment budget contracted through the Recovery and Resilience Fund (RRF) is made up of loan disbursements, which, according to the latest figures, do not exceed 2.3 billion euros.

The World Bank is planning to give Egypt more than $6 billion in financial assistance over the next three years to help it meet its development priorities, the Washington-based lender has announced 

"Over the coming three years, the World Bank Group intends to provide more than $6 billion of support to Egypt," the development lender said in a statement.

The Bank of Greece notes that since the fourth quarter of 2021, the increase in private sector deposits has slowed down overall

BELGRADE - The Serbian average net monthly wage in December was 95,093 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 130,405 dinars.

Average gross and net wages between January and December were up by 14.8 pct y-o-y in nominal terms and by 2.4 pct y-o-y in real terms.

Türkiye's tourism revenues increased by 16.9 percent last year compared to 2022 to $54.3 billion, while foreign tourist arrivals rose more than 10 percent to 49.2 million, separate official data showed on Jan. 31.

Tourism revenues remained below the target of $55.6 billion, Treasury and Finance Minister Mehmet Şimşek commented.

BELGRADE - Serbian goods exports totalled 3,103.9 bln dinars in 2022, up by 25.8 pct from 2,466.4 bln in 2021, according to figures released by the national statistical office.

The share of privately-owned companies in the 2022 total was 97.6 pct, where companies with 50 pct of foreign capital or more accounted for 59.7 pct.

BELGRADE - The Serbian average net monthly wage in November was 89,956 dinars, according to figures released by the national statistical office RZS.

The average gross wage was 123,971 dinars.

Average gross and net wages between January and November were up by 15.0 pct y-o-y in nominal terms and by 2.0 pct y-o-y in real terms.

The Turkish construction sector may grow about 4.5 to 5 percent this year, according to the Association of Construction Material Producers (İMSAD).

The construction sector's growth rate remained above the GDP expansion in the past four quarters, the association said in its monthly report.

BELGRADE - Between January and November last year, Serbia registered a 47.1 bln dinar budget deficit, which is 51.3 bln dinars better than the planned 98.5 bln deficit under the supplementary budget law, the Ministry of Finance has said.

Compared to the initial budget plan, the figure is better by 101.8 bln dinars.