Foreign direct investment

Higher growth in emerging markets (EM), including Türkiye, relative to developed markets and the prospect of U.S. Federal Reserve rate cuts later this year are expected to push emerging-market net capital flows to a decade high in 2024, Fitch Ratings has said in its latest Economics Dashboard.

The Bank of Greece is preparing to sound the alarm on the issue of prices, presenting a study that will highlight the reasons why Greece is more expensive than its peers in a range of products, including supermarket items.

In a bid to curb the sharp increase in sales prices and rents in recent years, the government is seeking to return a large number of closed properties across Greece to the market.

A total of 5.54 billion euros is estimated to have flowed into the real estate market and the economy in general through the Golden Visa program during its nearly 10 years of operation. Based on the latest data from the Migration Ministry, the total number of permanent investor permits issued (or to be issued in the coming months based on pending applications), amounts to 22,298.

The government is going to increase the 250,000-euro threshold for realty investment with the aim of obtaining a five-year residence permit, known as a Golden Visa, in the near future, with the aim on the one hand to contain demand and on the other to "deflate" the sale and rental prices of real estate. 

After enduring a year of institutional uncertainty, Nexo, a prominent global digital asset institution, is seeking justice through a legal claim exceeding USD 3 billion against the Republic of Bulgaria.

Out of the total equity capital inflows amounting to $642 million in November, the financial and insurance activities took the forefront with $318 million, while the share of wholesale and retail trade was 14 percent, the International Investors' Association (YASED) has said in a report.

BELGRADE - Serbia remains a global leader in foreign investments, which is best indicated by figures showing that it attracted over 30 bln euros of FDI between 2012 and end-2022, more than all other Western Balkan countries combined, Serbian Minister of Economy Slobodan Cvetkovic said on Wednesday.

Investments from the USA and Canada in Bulgaria surpass the country's official balance of payments report findings, as per a recent Institute for Market Economy (IME) study spanning five years.

In a maneuver to bolster economic collaboration, Cyprus and France are gearing up to sign a pivotal convention on Monday in Nicosia. This deal is key to navigating the complexities of double taxation while working toward preventing fiscal evasion and avoidance.