Economy of Australia

The Cypriot economy maintained strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking signs of a slowdown against the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to wrestle inflation under control.

Despite the negative impact of the coronavirus pandemic globally, Turkey was one of a few countries that posted growth, pushing international organizations to revise their growth forecasts for the country.

While the pandemic hit the global economy hard in 2020, Turkey's economy, contrary to expectations, posted a 1.8% growth.

The Gross Domestic Product (PIB) decreased in the first nine months of the current year, compared to the similar period of 2019, by 5.1 per cent, gross series, and by 4.6 per cent, series adjusted depending on the business days and seasonality, with a negative a contribution from the entertainment, cultural and recreational activities industries, according to the provisional data published by t

The whole world is struggling to cope with the outbreak of Covid-19 and Australia is no different as the confirmed cases of the virus reaches above 2000.

State sell-off fund TAIPED is expecting very strong investor interest in the sale of a 30 percent stake in Athens International Airport.

More than five bidders are seen tabling non-binding offers by next Tuesday's deadline, with market sources speaking of as many as eight suitors, although nothing can be taken for granted yet.

In the second quarter of 2018 gross domestic product (GDP) grew by 3.4 per cent compared to the corresponding months of the previous year and by 0.8 per cent compared to the first 3 months of 2018, according to seasonal data of the Bulgarian National Statistical Institute.
 

Australia's biggest company, the Commonwealth Bank, has a complacent culture and ineffective board, the country's financial services regulator said on May 1 in a scathing assessment after a series of scandals.

BELGRADE - Serbia's real GDP growth in Q4 2017 was 2.5 pct up compared to the same period of the previous year, the national statistical office said in a statement on Wednesday.

"According to seasonally-adjusted GDP data, gross domestic product increased by 0.6 pct in the fourth quarter of 2017 compared to the previous quarter," it said.

An Australian court dealt on Sept. 20 a blow to a planned Aus$8.6 billion ($6.9 billion) merger of gambling giants Tabcorp and Tatts, ordering a review of the deal following competition concerns.

Webjet Australia, a travel booking website, conducted a survey on Australians preferences in vacation destinations showing that Greece, Spain and Italy are among the favorite destinations of Australians.

The results were based on bookings between January and August 2014, as well as between January and August 2015, as the International Business Times noted.