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...