Era of Stagnation

The Greek economy is expected to regain its growth momentum in the second half of the year, after a slowdown in the previous quarters, as a result of increased confidence and favorable monetary conditions, a report by the financial analysis department of the National Bank of Greece argues.

Germany's foreign minister says he cannot believe that most Serbians still believes that Russia provides the greatest financial assistance to the country.

By Chryssa Liaggou

House sales’ stagnation in Turkey due to higher interest rates and plunging confidence are causing a bottleneck for the construction sector’s growth

As the new statics arrive, it can be seen that the deterioration of the Turkish economy is continuing in the the third quarter of 2014. While leading indicators continue to weaken, according to the statistics based on recent numbers, the real sector confidence index has been stagnating for three consecutive months, while the capacity usage rate has been shrinking for two consecutive months.