Development

Turkey’s existing savings are not enough to maintain sustainable growth so the country needs more foreign direct investment (FDI), Economy Minister Nihat Zeybekci has said.

The proportion of Greeks living at the risk of poverty remained unchanged at 23.1 percent last year, the same as in 2012.

Those defined as being at risk of poverty were individuals having to get by on less than 5,023 euros during the year or two-adult househoulds with two children under 14 making to with less than 10,547.

 Shocking report shows 6.3 million people in Greece affected

Three in every five Greeks, or some 6.3 million people, were living in poverty or under the threat of poverty in 2013 due to material deprivation and unemployment, a report by Parliament’s State Budget Office showed on Thursday.

A man aged between 40 and 45 years old fell to his death from the fourth floor of a homeless shelter in central Athens on Friday morning.

Authorities said they suspect that the homeless man, who was not named, killed himself. Homelessness has been on the rise during the crisis. It is estimated there are some 30,000 homeless people in Greece.

The number of hungry people in the world has dropped by 100 million over the last 10 years, though one in nine are still undernourished, with Asia home to the majority of the underfed, the UN said Tuesday.

Remittances - money sent by Bulgarian migrants to family members back home reached EUR 75.5M in July 2014.

Turkey provided $1.6 billion for aid last year, according to the Global Humanitarian Assistance Report

PARACIN - The Russian ministry of emergency situations decided to give medals to six members of the humanitarian demining squad for their outstanding service in the territory of Serbia.

Members of the demining squad received scrolls of honor for the service in line with the highest professional standards from the Serbian-Russian humanitarian center based in Nis, southern Serbia.

Bulgaria is the fifth poorest country in Europe, according to a study of the Serbian Statistical Institute.

A total of 1.8 million people in Serbia live in poverty. The country ranks first among European countries with 24.6 percent of its population below the poverty line.

Premier Victor Ponta on Thursday told the Antena 3 TV channel that the goals of his freshly concluded visit to Beijing are the accomplishment of large-scale energy and infrastructure projects, as well as Romania's inclusion in the revived "Silk Road" linking China to Europe.