International factor movements

Foreign direct investment in Greece registered a historic high in 2022, according to data from the United Nations Conference on Trade and Development (UNCTAD).

Its annual report on FDI, World Investment Report 2022, showed its value in Greece at $7.604 billion last year, against $6.328 billion in 2021, up by 20.2%. 

The list of transferable workers from third countries who will be able to come to Greece within 2023 and 2024 in order to fill some of the vacancies identified in the domestic labor market ranges from unskilled agriculture and construction workers, to butchers and workers in dairy production.

The picture that the global investment community has vis-a-vis the attractiveness of Greece as an investment destination has improved significantly.

The United Nations (UNCTAD) has declared Invest India as a winner of the Investment Promotion Award 2020.

The award ceremony took place on 7th December 2020 at UNCTAD Headquarters in Geneva. This United Nations Investment Promotion Award is the highest-level award for investment promotion agencies. 

European Bank for Reconstruction and Development (EBRD) President Suma Chakrabarti told RTS that migration of skilled workers has a negative effect on productivity, and that negative growth effects can also lead to the departure of low-skilled labor.

This year's edition of the Foreign Direct Investment Confidence Index is titled Glass half full. It finds that while business executives are increasingly worried about the negative effects of politics, they are nevertheless optimistic with regards to the global economy and the opportunities that foreign direct investments bring.

As Turkish and EU leaders discuss a joint action plan agreement to deal with the migrant crisis, with the former asking the latter to share the burden, a German government official has underlined the need for Turkey to better integrate Syrian refugees, comparing the situation to Germany's experience dealing with "Gastarbeiter," or guest workers, in the post-war period.

The cost to tourism alone from the Russian crisis has been calculated at $5 billion. With trucks being kept waiting at the border and with fruits and vegetables returned, the cost of the crisis for the first six months of 2016 was calculated by some economists at $7.2 billion. 

In this case, Turkey needs to attract foreign direct investment (FDI) now more than any other time.

Bulgarians working abroad sent home remittances amounting to nearly EUR 360 M in the period January-May.

This is shown by the preliminary figures of the Bulgarian National Bank (BNB), private bTV station reports.

Only in May, the remittances sent by Bulgarians working abroad amounted to nearly EUR 83 M.

Foreign direct investment (FDI) into Turkey was $12.1 billion in 2014, making the country the 22nd most popular spot for investors in the world, while the country is expected take in another $12 billion this year, said Ahmet Erdem, head of the International Investors Association (YASED), in a joint meeting with the United Nation's Conference on Trade and Development (UNCTAD) on June 24.