World economy

Chairman of the Social Democratic Party Marcel Ciolacu accuses the government of "keeping mum" on the "historic agreement to tax multinationals 15 percent" and demands the Prime Minister to explain the impact of this measure, especially on foreign capital companies in Romania. "Historic agreement to tax multinationals 15 percent! Yet the Citu Government keeps mum!

According to estimates from the World Trade Organisation, world merchandise trade is set to plummet between 13 and 32 percent

Turkish Trade Minister Ruhsar Pekcan met virtually on March 31 with U.S. Trade Representative Katherine Tai and discussed new ways to increase bilateral trade flows.

"We had a fruitful meeting with ambassador Tai and exchanged views on global and bilateral issues," Pekcan said on Twitter.

The OECD released its latest Interim Economic Outlook report on Tuesday

By George Alogoskoufis*

With the Greek economy having been through a period of moderate recovery after 2016 and having shifted its focus toward growth reforms after the 2019 elections, in 2020 it was confronted with a major economic crisis due to the COVID-19 pandemic.

Turkey welcomed late on Feb. 15 the appointment of Ngozi Okonjo-Iweala as the new director-general of the World Trade Organization (WTO). 

The government approved today the amendment regarding the three-month extension until March 31, 2021 of the deadline for the withdrawal of the proceeds of a 250 million euro IBRD loan granted for the reform of the Romanian healthcare system.

Mainly driven by the economic fallout from the coronavirus pandemic, global foreign direct investment (FDI) in 2020 slipped by 42% year-on-year to $859 billion, according to the UN's trade and development body.

The Turkish garment industry plans to make more than $20 billion in exports in 2021, according to the head of the Turkish Exporters' Assembly (TIM) on Jan. 21. 

In a written statement, Ismail Gülle said ready-to-wear clothing exceeded 10% of the country's total exports in 2020, adding that the sector had managed to increase its exports in eight of 12 months last year.

Ljubljana – Banka Slovenije and the European Investment Bank (EIB) discussed investment priorities in the wake of the coronavirus crisis. Investment success will translate into effective crisis exit strategies, said Boštjan Vasle, the governor of Slovenia’s central bank.