Gross domestic product

The huge gap between how women and men's health are treated costs $1 trillion a year worldwide, the World Economic Forum (WEF) said yesterday. 

Women spend a quarter more of their lives suffering from poor health than men, a disparity that includes an unequal focus on men across medical research, diagnosis and treatment, the report said.

Reducing the ratio of debt-to-gross domestic product at the fastest rate in Europe, achieving higher positions in the rating agencies' scales and further reducing the cost of servicing the country's borrowing, are the three main objectives set by the financial staff for the crucial issue of managing the Greek debt.

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.

The latest World Economic Situation and Prospects report from the United Nations Department of Economic and Social Affairs (UN DESA) sheds light on Bulgaria's economic trajectory, painting a cautiously optimistic outlook amid global uncertainties.

Recent figures from Eurostat, cited by the Institute for Market Economy, highlight Bulgaria's progression to 62% of the average European income and standard of living. This updated data for 2022 reflects a 12% growth over the past five years, signaling a positive trend for the country's economic standing.

BELGRADE - Serbian Finance Minister Sinisa Mali said on Friday that, according to preliminary figures released by the national statistical office, Serbia's 2.5 pct economic growth in 2023 was in line with expectations and estimates and represented yet another confirmation of good economic results.

Bulgaria's Gross External Debt stood at approximately EUR 42,410 million by the end of October 2023, marking a 3.7% decrease from the same period in 2022, according to data released by the Bulgarian National Bank (BNB).

The central government budget is likely to produce a less-than-expected deficit in 2023, Vice President Cevdet Yılmaz has said.

The budget performance will surprise on the upside, said Yılmaz, speaking at the parliament during the discussions on the 2024 budget.

The Single Social Security Entity (EFKA) has entered a trajectory of fiscal balance and actuarial sustainability.

That is the view of both the European Commission in its recent report on the third evaluation after enhanced supervision, and the Organization for Economic Cooperation and Development (OECD) in its report on pensions.

Eurostat's recent data release for 2022 spotlights the profound economic contrasts existing within the European Union, shedding light on the stark disparities between affluent and struggling nations.