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...
Turkish Treasury borrows $471M through auction
ANKARA
The Turkish Treasury borrowed 3.2 billion Turkish liras ($471 million) from domestic markets on Monday, said an official statement.
The Treasury and Finance Ministry announced the fixed coupon bonds (semiannually,...
Turkey's exports hit $10B in May
ANKARA
Turkey's exports hit $10 billion in May, down 40.9% from the same month last year amid the coronavirus pandemic, according to the preliminary Trade Ministry data on Tuesday.
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Turkey’s exports total $9B in April
ISTANBUL
Turkey's exports dropped by 41.4% year-on-year in April to reach $8.99 billion, the country's statistical authority announced on Friday.
The country's imports also fell by 25% to stand at $13.55...
'Sovereign funds to take bigger role after pandemic'
ANKARA
Sovereign wealth funds will play a greater role in backing countries' private sectors during crises like the one caused by the novel coronavirus pandemic, the managing director of the...
Turkish Central Bank lowers interest rates by 50bps
ANKARA
The Turkish Central Bank on Thursday lowered its one-week repo rate by 50 base points, in line with market expectation.
A statement from the bank's fifth of 12 Monetary Policy...
Turk Eximbank secures $678M syndication loan amid virus
ANKARA
Turk Eximbank has received a syndication loan worth $678 million amid coronavirus' economic fallout, said Turkey’s trade minister on Friday.
"The syndicated loan is a strong indicator of international markets'...
Turkish Treasury borrows $2.92B from domestic markets
ISTANBUL
The Turkish Treasury borrowed 20.45 billion Turkish liras ($2.92 billion) from domestic markets through auctions and lease certificate issuances on Tuesday.
In the first auction, some 5.02 billion Turkish liras...
Turkish Treasury borrows $863M through auctions
ANKARA
The Turkish Treasury borrowed 6.1 billion Turkish liras (nearly $863 million) from domestic markets on Monday, according to an official statement.
The Treasury and Finance Ministry announced that some 2.5...
S&P affirms Turkey's credit rating
WASHINGTON
Standard & Poor's rating agency on Wednesday affirmed Turkey’s long-term foreign currency sovereign credit rating at B+ and long-term local currency sovereign credit rating at BB-.
The outlook is stable,...
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Egypt’s opposition still seeking footing 7 years after coup
ANKARA
Seven years after the military coup against the first democratically elected president, the Egyptian opposition appears to be a prisoner of the past without...
Europe unites against Israel’s West Bank annex plan
ANKARA
Encouraged by US President Donald Trump’s so-called “Deal of the Century,” Israeli Prime Minister Benjamin Netanyahu last month announced his government would formally annex...
Qatar hails strategic relations with Turkey
DOHA
Qatari Foreign Minister Mohamed bin Abdulrahman Al-Thani has hailed his country’s strategic relations with Turkey.
"Strategic relations between Qatar and Turkey are growing day by...
Coronavirus deaths surge beyond 10,000 in Russia
MOSCOW
Coronavirus-related deaths in Russia crossed the 10,000 mark on Saturday.
With 168 fatalities registered over the last 24 hours, the overall count went up to...
Tunisia MPs reject motion to blacklist Brotherhood
TUNIS
The Bureau of Tunisia’s House of Representatives (parliament) has rejected a petition to blacklist the Muslim Brotherhood group.
The opposition Free Constitutional Party (PDL), which...