Tuesday, September 13 2011 , Your time is 15:58:00
Greece’s economy grew 0.9 percent in the second quarter, compared with previous flash estimate of 0.8 percent earlier this month, helped by consumer spending and net exports, data showed on Aug. 28
Turkey’s economic confidence index fell 1.9 percent month-on-month to 84.28 in August from a revised 85.87 in July, data from the Turkish Statistics Institute (TÜİK) showed on Aug. 28.
ANKARA – Anadolu Agency
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, the Economy Ministry stated on Aug. 21.
A leading retail sector representative has requested a discount in value added taxes (VAT) for fruits, vegetables, red meat, legumes, bakery products and olive and olive oil products from 8 percent to 1 percent to boost the sector’s growth level, create more employment and fuel consumption
BEIJING - Anadolu Agency
China will allow its huge state pension fund to invest in domestic stocks in the wake of a massive market sell-off, it was announced on Aug 23.
ISTANBUL - Reuters
Turkey’s snap parliamentary election being held on Nov. 1 will prolong policy indecision and intensify economic headwinds, ratings agency Moody’s said on Aug. 27
LONDON – Agence France-Presse
The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes.
KYİV - Agence France-Presse
Ukraine said on Aug. 27 it had reached a crucial debt restructuring deal that will see lenders accept a 20-percent write-down and keep global markets open to the cash-strapped ex-Soviet state
In emerging markets worldwide, currencies are plunging over fears that developing economies are on the verge of a crippling fall.
SHANGAI - Agence France-Presse
Chinese shares plummeted on Aug. 24, wiping out the year's gains and leading a slump across Asian equities as Beijing's latest market intervention failed to restore confidence, with concern mounting about the stalling economy.
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.
Investors have been leaving Turkey for the last couple of months, pushing the lira, which plunged from 2.75 to around 2.9 in 10 days into the ground
İZMİR-Doğan News Agency
Existing conditions will not end with an economic crisis as “Turkey is a strong country,” Economy Minister Nihat Zeybekci vowed on Aug. 21
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