International business

The U.S. Department of Commerce is considering imposing customs taxes or quotas for steel and aluminum imports.

The US Department of Commerce announced on Monday the initiation of antidumping duty investigations into imports of large diameter welded pipe from Canada, China, Greece, India, South Korea and Turkey, and countervailing duty investigations into imports of large diameter welded pipe from China, India, South Korea and Turkey.

TIRANA, Feb 12 /ATA/ – The government’s pro-business climate reforms and its position as an important gateway for south-eastern European and Balkan countries have helped Albania to attract around 13 percent of the foreign investments volume in the region.
Foreign direct investments (FDI) to surpassed one billion dollars in 2017, while the FDI inflow is expected to be higher in 2018.

About 20,000 professionals are needed for the outsourcing industry. This was announced by the Bulgarian Outsourcing Association. In addition to speaking several languages, applicants for this sector must already have specific skills and knowledge.
 

By implementing more structural reforms Turkey can send a clear signal to lure more foreign funding in the form of direct investment (FDI), Johannes Zutt, Turkey country director for the World Bank, told state-run Anadolu Agency on Dec. 24.

Turkey received almost $8.3 billion in foreign direct investment (FDI) in the first 10 months of the year, a drop of nearly 17 percent year-on-year, the Economy Ministry said on Dec. 21.

For the seventh consecutive year, the outsourcing industry has double-digit growth and now accounts for 3.6% of Bulgaria's GDP. This is stated in the Report on the Bulgarian Outsourcing Industry 2017, prepared by the Bulgarian Outsourcing Association (BAA). The share of the services sector in GDP has grown steadily in recent years, with 2.8% in 2014 and 3.4% in 2015.

Indian companies plan to invest over USD 55 million in their short-term projects in Bulgaria and Bulgarian firms also have the potential to do business in India. This was stated by Deputy Minister of Economy Alexander Manolev at the opening of a Bulgarian-Indian business forum on Monday in Sofia, cited by the press center of the Ministry.

European companies suffer from "promise fatigue" over China's failure to follow through on pledges to open its market, the EU Chamber of Commerce in China said on Sept. 19.

The chamber issued an annual 400-page report detailing the regulatory barriers that continue to hinder investment in the world's second-largest economy.

In a leading index of global financial centers, Istanbul has fallen 12 places to 78th, despite a rise in its rating, among 92 centers across the globe on factors such as infrastructure and access to high quality staff.

Istanbul's overall average rating is 617 in the 22nd Z/Yen global financial centers index (GFCI), up from 609 in the previous index.