Economic geography

The International Telecommunication Union (ITU) has released two reports this year, one in May and the last one a few days ago. The report in May described the information and communication technology (ICT) development in the world very briefly; the last one, however, gave us detailed insight. First of all, I would like to get you updated on the world's situation. 

After months of a decline amid elections, security concerns and a slow recovery in Europe and the U.S., officials from the Turkish Prime Ministry Investment Agency have expressed hope about a rise in investments in 2016. 

Turkey currently attracts around 1 percent of global foreign direct investment (FDI) but it has the potential to increase this share three-fold, International Foreign Investors Association of Turkey (YASED) head Ahmet Erdem has said in an interview with Anadolu Agency. 

The BRICS group of emerging nations called on the Group of 20 (G-20) top developed and developing nations on Nov. 15 to strengthen their macroeconomic policy cooperation to prevent bad effects from a weak global economy and reduce risks to growth.

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.?

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.

A rise in the short-term interest rate target by the Federal Reserve (Fed) could occur late on Sept. 17, and such a move would contribute to downside risks for some emerging market sovereigns, particularly those more reliant on foreign investors, said rating agency Moody?s in a research note on Sept. 17. 

The European Commission (EC) adopted on Wednesday the cross border cooperation Interreg programme for Bulgaria and Greece for the 2014-2020 period.

The programme is worth EUR 129 M, with more than EUR 110 M provided from the European Regional Development Fund, the press service of EC informs.

Foreign direct investment into Bulgaria's non-financial sector decreased by 5.9% last year, reaching EUR 21.95B, the National Statistical Institute (NSI) announced on Monday.

The biggest share of foreign direct investment (FDI) went into industry - EUR 8.95B, according to preliminary data, the NSI said. Services followed with EUR 4.58B in FDI attracted in the course of 2014.

Foreign direct investment (FDI) in Turkey reached $6.3 billion in the first half of the year, marking a drop of 9.6 percent compared the same period last year when the figure was $7 billion, the Economy Ministry stated on Aug. 21.

The energy sector took in the largest amount of FDI at $1.27 billion and the manufacturing sector followed at just over $1 billion.