Economic growth

Strong GDP growth of 16.2% in the second quarter compared to 2020, following in the footsteps of the rest of the eurozone economies.

U.S.-based multinational banking and financial services company JP Morgan on Sept. 1 revised its estimate for Turkey's economic growth for 2021 from 6.8 percent to 8.4 percent.

class='cf'>

According to a report published by the firm, the Turkish economy continued to grow "at full speed thanks to robust domestic demand and surging export demand in the second quarter."

International and domestic analysts see positive signs for the course of the Greek economy in 2021, but also in 2022, guided by both the resilience of GDP in the previous quarters, the best of the expected tourism July - August and of course the disbursements of the Recovery Fund.

Bulgaria's economic growth in the second quarter of 2021 is unusually strong - 9.6% on an annual basis, according to the express estimates of the National Statistical Institute (NSI). However, this is not a surprise given the drastic decline in GDP during the crisis in April and May last year.

Haque is one of 10 Bangladeshi workers employed by the INCA factory in Lezha. The manager says Albania no longer supplies enough labour, forcing him to seek workers far away.

"I plan to stay here for a long time because I have no other solution," Abudalep, 28, another Bangladeshi migrant employed at the INCA factory told BIRN. "In my country there is no work," he adds.

Turkish Finance and Treasury Minister Lütfi Elvan gathered with top managers of German companies on July 13 for introducing investment opportunities in Turkey.

Recalling that the Turkish economy expanded by 1.8% in 2020, Elvan said preliminary data signals positive GDP results in 2021 for Turkey.

Turkey's calendar-adjusted industrial production jumped 40.7% in May compared to the same month last year, the country's statistical authority announced on July 13. 

The overall rise beat even the upper range of economists' estimates from an Anadolu Agency survey.

The economic growth of 2.9pct is due exclusively to investments and not to consumption, which is a premiere for Romania, Prime Minister Florin Citu said on Friday. "The INS (National Institute for Statistics) published details on economic growth in the first quarter of 2021.

Foreign agencies and international banks have made a barrage of upward revisions for the growth rate of the Greek economy in order to better capture the stronger-than-expected start of the Greek economy this year, with the recovery rising in the second half, as a result of  domestic demand, the start of the Recovery Fund projects, as well as the increase of tourist receipts, while  increased sa

Turkey's economic confidence index posted a monthly increase in June, according to official data released on June 29. 


The index soared by 5.6% to reach 97.8 in June, up from 92.6 in May, the Turkish Statistical Institute (TÜİK) said.