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East Europe: GDP growth highest ever in Turkey since 2002

FeBaf, lack of investment in non-conventional sectors

06 June, 17:24
(ANSA) - TRIESTE, JUNE 6 - Turkey, Romania and Slovenia are the countries in Eastern Europe where GDP has recorded the highest growth rates, according to the analysis carried out on the basis of economic indicators and issued during the 'Trieste - Eastern Europe Investment Forum' conference organized by the FeBaf (Italian Banking, Insurance and Finance Federation) with the MIB Trieste school of management. According to data issued today, between 2002 and 2017, Turkey's GDP grew by 7.4%, followed by Romania (6.9%), Slovenia (5%) and Montenegro (4.4%).

The European Union is the first largest trading partner of the Western Balkan area with 73%, and trade has doubled in 10 years.

According to the analysis, there is still a lack of investment capacity at the infrastructure level, particularly in non-traditional sectors such as aqueducts, sewage systems, waste management, health, and education. Two major investment companies are very active in the energy and transport sectors with a turnover of 8bn euros: the European WBIF (Western Balkans Investment Framework) and the Chinese Belt and Road Initiative - ERI. (ANSA).

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