International finance

The most desired aspect of foreign capital investments is foreign direct investment, but in Turkey's case, this item has a share of just one-fourth of the total inflow, almost equal to real estate purchasesForeign direct investments to Turkey, particularly after 2003, increased visibly compared to previous years.

The results of the November 2015 balance of payments released last week have confirmed an ongoing trend: The foreign resource inflow that has been financing Turkey's growth for 12-13 years dropped radically in 2015, and this could be considered a sign of a new era rather than a temporary trend. A new climate has gone into effect and the growth paradigm based on foreign resource inflow has actua

Turkey witnessed a capital outflow of around $10 billion in 2015 amid domestic, regional and global risks under the shadow of the skyrocketing rise in the dollar's value against almost all local currencies, but 2016 may be worse if the risks persist 2015 was quite unusual for both Turkey and the world, leaving a series of risks behind for 2016.

Global economic growth will be "disappointing" next year, the head of the International Monetary Fund (IMF) said in a guest article for German newspaper Handelsblatt published on Dec. 30.

A raid by financial prosecutors on UBS in Athens on Friday revealed about 200 depositors who were included in the list sent by tax authorities of North Rhine-Westphalia which aimed to help find a large-scale tax evasion.

The new report by US NGO Global Financial Integrity entitled 'Illicit Financial Flows from Developing Countries: 2004-2013' rings alarm bells about the amount of 'black money' leaving the four Balkan countries each year.

Deputy Finance Minister Trifon Alexiadis received about two weeks ago the so called Borjan’s list by the Finance Minister of the State of North Rhine-Westphalia, Norbert Walter Borjan.

The International Monetary Fund welcomed China's yuan into its elite reserve currency basket Nov. 30, recognizing the ascendance of the Asian power in the global economy.

Alternate Justice Minister for Corruption issues Dimitris Papaggelopoulos chaired a second meeting on the so-called “Borjan’s List” on Monday. The list includes 10,588 bank accounts belonging to Greeks at a Swiss branch of UBS with total deposits at 6.5 billion euros, supplied to Greece by the German state of North Rhine-Westphalia.

China and Turkey will renew a currency swap deal and expand its scale, according to a statement released by the Chinese central bank on Nov. 16, as reported by Reuters. 

The scale of the three-year agreement will expand to 12 billion yuan ($1.88 billion), based on the mutual consent, the People's Bank of China (PBOC) said in a statement.