International development

FDI inflow to Turkey down 31 percent to $12 billion due to failed coup attempt: UN

The foreign direct investment (FDI) inflow into Turkey plunged by 31 percent to $12 billion in 2016, as the failed coup attempt cast doubt on political stability in the country, the World Investment Report 2017 by the United Nations Conference on Trade and Development (UNCTAD) has shown. 

Despite rise, Greece is trailing in FDI

Greece remains a laggard in attracting foreign direct investment despite a 123 percent increase in 2016 compared to the year before, according to the latest annual report by Ernst & Young.

Among the 44 European countries surveyed for FDI attractiveness, Greece ranked 34th in the number of FDI projects and 35th in the number of jobs created.

Turkey sees $2.8 billion FDI inflow in first quarter of 2017

Turkey attracted $2.8 billion net foreign direct investment (FDI) in the first quarter of the year with a 1.9 percent year-on-year increase, data from the Economy Ministry showed on May 23. 

A total of $1.6 billion FDI entered into the country in March, according to the ministry data. 

Poul Thomsen: Debt relief after 2018

Poul Thomsen, the IMF’s Director of the European Department towed the line of German Finance Minister Wolfgang Schauble after the completion of the EuroGroup, late Monday, stressing that even though the measures passed by the Greek government were sufficient, a reliable program was necessary for a debt relief. Speaking to reporters in Brussels, Mr.

IMF's Thomsen praises progress, says more work to do

After representatives of Greece's international creditors failed to hammer out a deal on bailout funding and debt relief in Brussels, Poul Thomsen of the International Monetary Fund told reporters on Monday that measures legislated by the Greek parliament are "strong" but more needs to be done before the IMF comes on board.