World economy

Top officials from the world's major 20 economies (G-20) and global business leaders have agreed on the latter's 19-item list of demands to solve problems in the world economy, upon a meeting in Ankara attended by treasury ministers, central bank heads from the G-20 countries and business leaders from the international business community, daily Hürriyet reported on Sept. 6.

Downside risks to the global economy have risen and a combination of threats including slower growth in China and rising market volatility could severely cut the outlook, International Monetary Fund (IMF) staff warned on Sept. 2.

USA will put pressure on Europeans to fulfill their commitment regarding the Greek debt relief at G20 summit, according to what a representative of the US Treasury stated at MNI.

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.

You know how it is with buses? You wait ages for one, far longer than seems reasonable - and then three arrive all at once. Financial crises are a bit like that too.
   

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.

Foreign direct investment (FDI) in Turkey reached $6.3 billion in the first half of the year, the Turkish Economy Ministry said in a statement on Aug. 21.
      
FDI decreased by 9.6 percent compared with the $7 billion invested in the same period last year, the statement said.
      

The government nominated on Wednesday the Governor of the Bulgarian National Bank (BNB) Dimitar Radev as Governor for Bulgaria in the International Monetary Fund (IMF).

The Bulgarian Finance Ministry has voiced its content with the move by Greece to revoke a 26% withholding tax on transactions from sources in Bulgaria, Cyprus and Ireland.

Director of the Centre for European Policy Studies (CEPS) Daniel Gros argued that if the IMF had not participated in the Greek bailout plans the country’s debt would be manageable, in an interview to German Radio Deutschlandfunk.