World economy

Rising protectionism is hurting the performance of Turkish exporters, head of Turkish Exporters Assembly (T?M) said on Oct. 5.

In a speech at the G-20 in Istanbul, T?M?s Mehmet Büyükek?i said, ?Protectionism is increasing in every market around the world and it is affecting not only Turkish exports, but also Foreign Direct Investment [FDI] in Turkey.?

Dimitar Radev, Governor of the Bulgarian National Bank (BNB), acting in his capacity as Governor of the International Monetary Fund (IMF) for Bulgaria, has expressed the country's willingness to adopt the IMF's Special Data Dissemination Standard Plus.

Foreign direct investment (FDI) in Turkey reached $3.39 billion in July, according to a report from the Ministry of Economy on Sept. 30.

From January to July, FDI inflows were $9.71 billion, said the report.

Net foreign capital inflow was $7.4 billion in the first seven months of the year.

Turkey's Global Yat?r?m Holding has announced a deal with the European Bank for Reconstruction and Development (EBRD) to sell 10.84 percent of its stake in its port operator, Global Ports, according to a written statement to the Public Disclosure Platform (KAP). 

Foreign direct investment (FDI) in Bulgaria for the first seven months of 2015 has increased by 4.8% on the year, reaching a preliminary EUR 907.3M, equivalent to 2.1% of projected GDP, the country's central bank BNB announced on Thursday.

The OECD cut its world economic growth forecasts for 2015 and 2016 on Sept. 16, warning of a dramatic slowdown in Brazil and a global outlook clouded by uncertainty over China.

The policy analysis club of 34 advanced economies had already slashed its economic forecasts just three months ago because of U.S. weakness.

Istanbul will host a forum on energy efficiency financing that is sponsored by the European Bank for Reconstruction and Development (EBRD) on Sept. 16-17.

The forum, entitled "Building a Global Energy Efficiency Financing Alliance," will be held in partnership with the United Nations Environment Program Finance Initiative.

Romanian Prime Minister Victor Ponta says that Romania could continue to have some sort of agreement with the International Monetary Fund and the European Commission, but that parliament will decide on the issue.

"Parliament is to vote on whether Romania should seek a new deal from international lenders when the current one expires this month," Ponta said early this week.

Top officials from the world's major 20 economies (G-20) and global business leaders have agreed on the latter's 19-item list of demands to solve problems in the world economy, upon a meeting in Ankara attended by treasury ministers, central bank heads from the G-20 countries and business leaders from the international business community, daily Hürriyet reported on Sept. 6.

Downside risks to the global economy have risen and a combination of threats including slower growth in China and rising market volatility could severely cut the outlook, International Monetary Fund (IMF) staff warned on Sept. 2.