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Friday, November 27, 2020

Turkish Central Bank revises reserve requirements

ISTANBUL The Central Bank of the Republic of Turkey (CBRT) on Friday revised its regulations on reserve requirements to improve the effectiveness of the monetary transmission mechanism in the country. In...

Turkey: Central Bank reserves at $84.5B in October

ANKARA  The Turkish Central Bank’s official reserve assets grew 6.1% month-on-month to reach $84.5 billion in October, according to data released on Friday. Foreign currency reserves – in convertible foreign currencies...

Turkey: Economic confidence falls in November

ISTANBUL Turkey’s economic confidence index posted a monthly decline in November, according to official data released on Friday. The index decreased by 3.5% to reach 89.5 in November, down from 92.8...

Turk Eximbank, ICBC Turkey ink $237.9M loan agreement

ISTANBUL  Turk Eximbank signed a two-year loan agreement with ICBC Turkey, a Chinese private lender, securing €200 million euro ($237.9 million) to support export financing. In a statement, Ali Guney, Turk...

Survey expects 5% growth in Turkish economy in Q3

ISTANBUL Turkey’s economy is projected to have expanded by 5% year-on-year in the third quarter of 2020, an Anadolu Agency survey found Thursday. The country's statistical authority TurkStat will release gross...

'Turkish tourism sector may shrink 70% due to pandemic'

ANTALYA, Turkey Turkey’s tourism sector will likely shrink 70% this year due to the coronavirus pandemic, the country’s culture and tourism minister said on Thursday. “It looks like we will end...

Turkish Central Bank raises swap auction limit

ISTANBUL The Turkish Central Bank on Thursday increased its lira swap sale limits from 50% to 60%. The bank raised the swap auctions limit in the Turkish Lira Swap Market for...

Turkey: Consumer confidence down in November

ISTANBUL Consumer confidence in the Turkish economy posted a decline in November, the country's statistical authority announced on Friday. The consumer confidence index stood at 80.1 this month, down by 2.2%...

Turk Eximbank secures $561M syndication loan amid virus

ANKARA Turk Eximbank received a syndication loan worth $561 million with a one-year maturity amid the coronavirus economic fallout, Turkey’s trade minister said Friday. Under the coordination of Mizuho Financial Group,...

Turkey's annual inflation rate at 11.89% in October

ANKARA Turkey posted an 11.89% annual hike in consumer prices in October, the country’s statistical authority said on Tuesday. Annual inflation rose 0.14 percentage points in October, up from 11.75% in...

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Greek Cypriots alarmed over increase in virus cases

LEFKOSA, Turkish Republic of Northern Cyprus Hospitals in the Greek Cypriot administration have been alarmed over the drastic increase of coronavirus cases. Local Phileleftheros daily reported...

US: Online sales on Thanksgiving Day hit record $5.1B

ANKARA US consumers have turned to online shopping on this year's Thanksgiving Day when internet-based sales hit an all-time highest level of $5.1 billion, according...

Super Lig: Trabzonspor seal season's first away win

ANKARA Trabzonspor secured a 1-0 win against Ankaragucu to record their second consecutive victory in the Turkish Super Lig on Friday. Lewis Baker’s powerful free kick...

Syrian graffiti artist pays tribute to Maradona

IDLIB, Syria A Syrian graffiti artist residing in northwestern Idlib city of Syria paid tribute to the legendary football player Maradona, who recently died of...

Over 150 Ghanaians return from Libya: IOM

ANKARA More than 150 Ghanaian migrants have been brought back from Libya through the first charter flight of its kind since COVID-19-related border closures, the...