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Wednesday, May 12, 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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Turkey strongly condemns Israeli air raids on Gaza Strip

ANKARA Turkey on Tuesday strongly condemned Israel’s ongoing air strikes on the Gaza Strip, which have killed dozens of civilians, including children, in the besieged...

Turkey reiterates call on Israel to end attacks on Palestinians

ANKARA Turkey on Monday reiterated its call on Israel to end its violent attacks on Palestinians in Jerusalem amid recent Israeli police attacks on...

Anadolu Agency's Morning Briefing – May 10, 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. Coronavirus...

Turkey reports just over 15,000 daily cases

ANKARA The downward trend in the number of daily cases in Turkey continued on Sunday as the country reported just over 15,000 new coronavirus cases,...

Turkey’s Erdogan issues message on Europe Day

ANKARA  Turkish President Recep Tayyip Erdogan on Sunday issued a message on the occasion of Europe Day, which "celebrates peace and unity in Europe" on...