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Wednesday, July 28, 2021

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...

Turkey announces landmark new economic reform package

ANKARA Turkey on Friday unveiled the details of a major new economic reform package as pledged by the president last November. "The package aims to grow the Turkish economy on the...

Turkey's nuclear power plant to produce 10% of electricity need

ANKARA Akkuyu Nuclear Power Plant (NPP) will produce 35 billion kilowatt-hours of electricity annually to meet around 10% of Turkey’s power consumption, said the president via video link on Wednesday...

Turkey to raise minimum wage by 21.56% in 2021

ANKARA  Turkey is raising its minimum wage by 21.56% as of Jan. 1, the country's family, labor and social services minister announced on Monday. Net minimum wage for single people will...

Turkey's Central Bank keeps interest rates steady

ANKARA Turkey’s Central Bank on Thursday kept its one-week repo rate – also known as the policy rate – steady at 10.25% In a statement, the bank's Monetary Policy Committee said...

Turkish Central Bank halves open market liquidity limits

ANKARA Liquidity limits offered to primary dealers as part of open market operations will be cut to half of their current limits, the Turkish Central Bank announced Friday.  The new limits...

Turkey sees highest monthly exports figure in July

ANKARA Turkey saw the highest monthly exports figure of this year with $15 billion in July, the country’s trade minister said on Tuesday. The figure rose 11.5% month-on-month, hitting the second...

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...

Turkey: Gov't budget balance posts $14B gap in Jan-May

ANKARA The Turkish central government registered a budget deficit of 90.1 billion Turkish liras (some $14 billion) in January-May, the country's Treasury and Finance Ministry reported Monday. Turkey's budget revenue reached...

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Turkish Central Bank reserves rise to $97.7B in June

ANKARA  The Turkish Central Bank announced on Wednesday that its official reserves amounted to $97.7 billion as of the end of June. Total reserve assets increased...

Anadolu Agency's Morning Briefing – July 28, 2021

ANKARA Anadolu Agency is here with a rundown of the latest developments in Turkey, around the world and the coronavirus pandemic. - Developments in Turkey,...

Tunisian president dismisses some top state officials

Tunisian President Kais Saied dismissed some top state officials Tuesday, according to a state bulletin. The bulletin included the president’s latest decisions on the dismissal...

Turkish foreign minister expresses support to Tunisian people following coup attempt

ANKARA The Turkish foreign minister expressed Tuesday Turkey's support to the Tunisian people following Sunday’s coup attempt. Mevlut Cavusoglu held a phone conversation with his Tunisian...

Turkey condemns EU’s stance on partial opening of Northern Cyprus’ ‘ghost town’

ANKARA Turkey on Tuesday dismissed remarks made by EU foreign policy chief Josep Borrell on the partial reopening of the Maras region in the Turkish...