World economy

Brazil's economy contracted sharply in 2015 as businesses slashed investment plans and laid off more than 1.5 million workers, official data showed on March 3, setting the stage for what could be the country's longest and deepest recession in its recorded history.

The Euroworking Group meeting held on Monday in Brussels with the participation of the heads of the institutions did not reach any agreement on when the ‘Quartet’ will return to Athens so as to move a step closer to the conclusion of the program review.

The Euroworking Group will meet on Monday with the participation of the heads of the institutions to discuss the date of their return to Athens and the review of the economic program.

Foreign direct investment (FDI) in Bulgaria increased by 22.5% last year, reaching EUR 1.58 B, the country's central bank announced on Wednesday.

The foreign direct investment in Bulgaria for January-December 2015 was equivalent to 3.5% of the annual GDP forecast by the Bulgarian National Bank (BNB).

For the third consecutive year, Sremska Mitrovica in northwestern Serbia, is among the winners of a prestigious recognition of the fDi Magazine.

Serbian Prime Minister Aleksandar Vucic said on Sunday that the International Monetary Fund (IMF) would be satisfied about economic reforms.

He said these would "pass" the fourth review of the stand-by arrangement.

Indian Prime Minister Narendra Modi renewed his call on Feb. 13 for firms to invest in India and turn it into a global manufacturing hub, painting the country as a bright spot for investment in an uncertain world economy.

Foreign direct investment (FDI) to Turkey rose 32 percent last year on the previous year to $16.6 billion, the largest sum since the 2008 financial crisis, according to the Investment Support and Promotion Agency. 

Concerns have raised in the world economy as emerging countries see huge capital outflows and economic slowdown with the end of liquidity partyThe global economy entered 2016 with the image of weak recovery in developed countries. However, the weak and fragile outlook in emerging countries, of which Turkey is one, particularly with the economic slowdown, scares everybody.

The most desired aspect of foreign capital investments is foreign direct investment, but in Turkey's case, this item has a share of just one-fourth of the total inflow, almost equal to real estate purchasesForeign direct investments to Turkey, particularly after 2003, increased visibly compared to previous years.