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Turkish Central Bank reserves at $106.9B in April

ANKARA The Turkish Central Bank's reserves rose to $106.9 billion as of the end of April, the bank announced on Friday. The bank's total reserve assets increased 0.9% from a month...

Turkiye's finance minister signals new steps to shore up lira

LONDON Turkiye's Finance Minister Nureddin Nebati signaled new financial packages on Tuesday to bring “under-the-mattress” gold into the banking system. The term refers to a long-held tradition in Turkiye of turning...

Turkiye to be among world’s top 10 economies: Erdogan

ISTANBUL Turkiye will soon be among the world’s top 10 economies, the country’s president said on Saturday. “We are now on the threshold of a new and greater development revolution. We...

Limited gas flow test starts from Iran to Turkiye

Natural gas supply testing from Iran to Turkiye has started in limited quantities, which will alleviate natural gas cuts to the country's industrial sector from Jan. 31, Turkiye's state...

Turkiye’s short-term external debt stock reaches $124.1B in November

ISTANBUL  Turkiye's short-term external debt stock totaled $124.1 billion as of end-November 2021, the country's Central Bank said on Monday. The foreign debt due to be paid over the next 12...

Turkiye's automotive production down in 2021

ISTANBUL In 2021, Turkiye's overall automotive production narrowed by 2% to 1.27 million units on a yearly basis, the Automotive Manufacturers Association (OSD) said on Monday. Last year, car production was...

Turkiye's share in global trade exceeds 1% for 1st time: President

ISTANBUL Turkiye’s share in the global trade exceeded 1% for the first time last year, the nation’s president said on Monday, citing the newly announced 2021 export figures. While the global...

Turkey's economic confidence down in December

ISTANBUL Turkey’s economic confidence index fell 1.8% month-on-month in December, according to the latest figures released on Thursday. From 99.3 in November, the index slipped to 97.6 in the last month...

Turkish Central Bank maintains inflation target at 5%

ISTANBUL Releasing Monetary and Exchange Rate Policy for 2022 on Wednesday, Turkey's Central Bank maintained the medium-term inflation target of 5%, saying the monetary policy will be designed to gradually...

Recent Turkish Central Bank steps will lead to lower inflation: President

ANKARA Recent steps by the Turkish Central Bank and Turkey's new economic model will lead to lower inflation, said the nation’s president on Friday. Since the nation’s new economic plan was...

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Turkish president, UN chief discuss ways to end crisis caused by Russia-Ukraine war

ANKARA The Turkish president and UN secretary-general on Monday spoke over phone and discussed initiatives aimed at resolving the ongoing crisis caused by the Russia-Ukraine...

Anadolu Agency's Morning Briefing – June 21, 2022

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Russia becomes China’s largest oil supplier

ANKARA Russia has surpassed Saudi Arabia to become China's largest oil supplier, as refiners bought up Russian crude oil offered at a huge discount...

EU, Egypt agree on partnership priorities until 2027

BRUSSELS The EU and Egypt have agreed on the partnership priorities guiding their relationship until 2027. The Association Council of the European Union and Egypt...

Syria's Tal Rifat surrounded with tunnels by YPG/PKK terrorists

TAL RIFAT, Syria / ANKARA The YPG/PKK terror group is using a sophisticated network of tunnels in the Tal Rifat district in northern Syria to...