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Sunday, May 9, 2021

New Turkish Central Bank chief meets with bankers

ISTANBUL  The Turkish Central Bank's newly appointed governor met Wednesday with the general managers of banks and discussed a range of issues including inflation, monetary policy, global developments and the...

Turkey: No compromise from free-market mechanism

ANKARA Attaching great importance to the markets' efficient and solid functioning, Turkey will not compromise from the free-market mechanism, the country's treasury and finance minister said on Monday."Liberal exchange regime...

Turkey: Head of central bank dismissed

ANKARA Turkish Central Bank Governor Naci Agbal was dismissed and replaced with former MP professor Sahap Kavcioglu, according to a new presidential decree published in the official gazette early Saturday. Agbal...

Turkish Central Bank's rate hike surprises, pleases economists

ISTANBUL Both foreign and domestic economists in Turkey have applauded what they said was an unexpected rate hike by the country's Central Bank. The Central Bank of the Republic of Turkey...

Turkish Central Bank hikes interest rates, surprising markets

ANKARA The Turkish Central Bank on Thursday announced an interest rate hike of one percentage point above market expectations.The bank's policy rate – also known as the one-week repo...

Turkey's assets abroad total $246.3B in January

ANKARATurkey's external assets reached $246.3 billion as of this January, a decline of 2.3% from the end of last year, the Turkish Central Bank data showed on Thursday.Its liabilities...

Turkish Treasury borrows $600M through auctions

ANKARA The Turkish Treasury borrowed 4.47 billion Turkish liras ($600 million) from domestic markets through two auctions held on Tuesday. Some 1.8 billion Turkish liras ($240 million) in two-year Fixed Coupon...

Turkey: Economic reforms aim to draw delayed investment

ANKARA Turkey's new landmark economic reform package aims to attract delayed investments, the country's minister of treasury and finance said on Tuesday. "Global investments narrowed by over 40% in the pandemic...

Turkish Treasury borrows $508M through auctions

ANKARA  The Turkish Treasury borrowed 3.9 billion Turkish liras ($508.3 million) from domestic markets through two auctions held on Monday. Some 1.3 billion Turkish liras ($168 million) in seven-year Floating Rate...

Turkey records over 81,200 house sales in February

ANKARA Turkey recorded 81,222 house sales in February, slipping 31.6% from the same month last year, the country's statistical office revealed Monday. Nearly 24,737 newly built houses were sold while the...

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Turkey says talks with Egypt to continue for normalization

ANKARA Following two-day exploratory talks between Turkey and Egypt, the Turkish foreign minister said on Thursday there was "a positive atmosphere" in Cairo. "Discussions will continue...

Anadolu Agency's Morning Briefing – May 1, 2021

ANKARA Anadolu Agency is here with a rundown of the latest developments on the coronavirus pandemic and other news in Turkey and around the world. ...

Turkey: Top defense officials visit anti-terror op zone

ANKARA - Turkey's National Defense Minister Hulusi Akar, along with high-level military officials, paid a visit on Saturday to Sirnak province to monitor anti-terror...

Turkey marks Labor Day in shadow of pandemic

ANKARA Turkey’s president and top officials on Saturday marked Labor and Solidarity Day. “I congratulate my fellow workers, who make our country grow while breaking a...

Turkic body urges de-escalation of Kyrgyz-Tajik tension

ANKARA The Turkic Council on Friday encouraged Kyrgyzstan and Tajikistan to take joint measures to stabilize tensions that erupted along the border.  “The Turkic Council...