More than 5,000 foreign investors have been granted Turkish citizenship in two years
The decrease in the minimum investment required to obtain a country's passport has led to a boom in the Turkish real estate market, writes Daily Sabah. According to the Turkish…

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Property prices in Spain
Russians are most often interested in new buildings in Spain with an average cost of up to 200 thousand euros. In the preferences of Russians in the first place —…

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New rules for foreign account holders
From 2020, it will be easier for Russian residents to receive income from real estate to their foreign accounts. Tranio lawyers explain what this means, how to submit reports to…

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Rating Agency S&P predicted a global recession

The world economy this year will be in recession for the first time since 2009, writes S&P Global Ratings.

The rating Agency S&P Global Ratings released a report “global recession here and now”. Experts predict that the world economy will be in recession in 2020 due to the coronavirus pandemic. Global GDP growth will be only 1-1. 5%, the Agency predicted.

China’s economy has suffered much more damage than previously thought, despite showing “uncertain” stabilization, s&p said. Industrial production in the country decreased in January-February by 12.3% compared to the same period last year. This is four times higher than the forecasts made. There are risks of re-infecting people, which also delays economic recovery. According to the company’s forecast, China’s GDP growth will be 2.7-3.2% in 2020.

In Europe and the US, a “collapse in demand” will also sharply reduce activity in the second quarter, s&p said. Economic activity will begin to recover this year, but not immediately. EURO zone GDP will shrink to 0.5-1%, and the US to 0-0. 5% in 2020, s&p expects.

“Markets have gone into free fall and volatility has reached levels last seen during the global financial crisis. Shares fell by double-digit percentages. Markets have begun to take into account the effects of COVID-19 on growth, profits and loans. ( … ) Credit spreads were the widest in more than a decade, ” s&p writes.

Investment Bank Morgan Stanley also predicted a global economic recession in 2020. According to his forecast, the global economy will grow by only 0.9%.

International companies invest in Greece
More and more companies with an international name and reputation are investing in Greece, writes Ekathimerini. The government of the country seeks to simplify the conduct of business and facilitate…

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MIPIM international exhibition in Cannes postponed due to coronavirus
The organizers of the International commercial real estate exhibition decided to postpone the event to June. The international commercial real estate exhibition in Cannes, France, MIPIM has been postponed to…

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Us exchanges experienced the largest drop since 1987
Us stock exchanges closed on March 16 with a record fall for the second time in a week, CNN reports. This is the largest drop in 33 years since "black…

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More than 5,000 foreign investors have been granted Turkish citizenship in two years
The decrease in the minimum investment required to obtain a country's passport has led to a boom in the Turkish real estate market, writes Daily Sabah. According to the Turkish…

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