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Monday, July 13, 2020

Turkish Treasury to repay $12.5B in July-Sept

ANKARA Turkey's Treasury will repay 85.5 billion Turkish liras ($12.5 billion) of debt in the July-September period, the Treasury and Finance Ministry announced on Tuesday. Over the next three months, the...

Turkey's annual inflation rate to rise in June: Survey

ISTANBUL Turkey's annual inflation rate is projected to rise to 12.14% in June, economists said on Tuesday. A group of 16 economists polled by Anadolu Agency predicted an increase of 0.75%...

‘No doubt’ Turkish tourism will bounce back from virus crisis

ANKARA  Turkish tourism will recover from the pandemic fallout "without a doubt" thanks to its proven resilience in dealing with crises, according to the CEO of Turkish-German carrier SunExpress. "There is...

Turkish exports stand at $10B in May

ANKARA  Turkish exports reached $61.6 billion in January-May, down 20% year-on-year amid the coronavirus pandemic, the country's statistical authority said. Imports also posted a decline of 5.2% to $82.6 billion, resulting foreign...

Turkish Central Bank reserves reach $90.9B in May

ISTANBUL  The Turkish Central Bank on Wednesday announced its official reserves totaled $90.9 billion as of the end of May. Total reserve assets soared 5.3% this May, versus $86.3 billion in...

Turkish CB's interest decision surprising: Economists

ISTANBUL Economists on Thursday said that the Turkish Central Bank's interest rate decision – keeping them unchanged at 8.25% – was surprising. Although a surprising decision, it is actually fully rational,...

Turkey set to expand railway network over next 5 years

ISTANBUL Over the next five years Turkey will expand its railway network to 18,000 kilometers (11,184 miles), according to the nation's transport and infrastructure minister. Addressing a digital summit on transportation...

Turkey expects V-shaped economic recovery from virus

ANKARA  Turkey is anticipated to come out of the coronavirus-driven crisis with a V-shaped recovery, and will converge its potential growth, the country's treasury and finance minister said on Tuesday. Addressing...

Turkey: Central government gross debt stock hits $234B

ANKARA The gross debt stock of Turkey’s central government stood at 1.6 trillion Turkish liras (around $234 billion) at the end of May, according to official figures released on Monday. The...

Turkish consumer confidence index up in June

ISTANBUL The consumer confidence index in Turkey posted a monthly increase in June, the country's statistical authority announced Monday. The consumer confidence index reached 62.6 this month, up 5.2% from May...

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Turkish police arrest 75 for selling drugs in Istanbul

ISTANBUL A total of 75 people were arrested early Monday for selling drugs in Turkey’s metropolitan city of Istanbul. Anti-drug police squads carried out an operation...

5.5-magnitude earthquake strikes western Indonesia

JAKARTA A magnitude 5.5 earthquake jolted Indonesia’s western province of Aceh early Monday, according to the country's Meteorology, Climatology and Geophysical Agency (BMKG). The quake’s epicenter...

Ghana reports nearly 700 new coronavirus cases

ABUJA, Nigeria Ghana reported 692 new coronavirus cases over the past day, bringing the country’s total to 24,518, local authorities said Sunday. Ghana Health Services said...

South Africa extends COVID-19 measures for a month

ABUJA, Nigeria South Africa extended measures to curb the spread of the novel coronavirus Sunday as the number of cases in the country continued to...

Nigeria: 22 people killed in armed attack

ABUJA, Nigeria At least 22 people were killed Sunday when armed attackers raided some villages in Nigeria, according to local media. Many others were wounded in...

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