International economics

The deficit in Romania's FOB /CIF trade balance reached 12.045 billion euros in the first nine months of 2019, higher by 2.089 billion euros y-o-y, according to data published by the National Institute of Statistics (INS) on Monday. According to INS, in the first nine months of 2019, the FOB exports amounted to 51846.7 million euro and the CIF imports amounted to 63891.7 million euro.

The Turkish economy faces a number of key structural problems and conjectural challenges. However, the main issue that the country must immediately resolve is its poor image abroad and the eroding of confidence in potential investors' eyes. 

This year's edition of the Foreign Direct Investment Confidence Index is titled Glass half full. It finds that while business executives are increasingly worried about the negative effects of politics, they are nevertheless optimistic with regards to the global economy and the opportunities that foreign direct investments bring.

The International Finance Corporation (IFC), a member of the World Bank Group, and the Dutch Entrepreneurial Development Bank (FMO) are providing a long-term loan to Finans Leasing, a leading Turkish leasing company and a subsidiary of QNB Finansbank, the institutions said in a press release on May 4. 

WASHINGTON - The positive marks Serbia has received for visible economic improvement are very encouraging, International Monetary Fund (IMF) delegation head James Roaf said at a meeting with Serbian Finance Minister Dusan Vujovic in Washington Friday.

The International Monetary Fund will be "mistaken again" in its growth forecasts for Turkey, a top Turkish official has stated, after the IMF recently revised down its growth outlook for the country due to political uncertainty, security concerns and the loss in the lira's value. 

Every year, the world’s economies lose billions of dollars to tax avoidance. Estimates of the sheer scale of the losses fluctuate wildly with the IMF reporting that around $600 billion is lost due to profit shifting every year.

Zorana Mihajlovic spoke on Sunday with seven executive directors of the World Bank led by Werner Gruber, about reforms implemented in Serbia.

Turkey has scored 71 out of 188 countries on the Human Development Index (HDI) for 2016, according to the United Nations Development Programme's (UNDP) latest Human Development Report. 

The report said that Turkey's HDI value rose one place compared to 2015, putting it 71st with a score of 0.767, up from the previous year's score of 0.761.

The International Monetary Fund on Tuesday denied reports that it had demanded the Greek government to secure the support of the opposition in voting through measures sought by creditors to continue bailout negotiations.