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Tuesday, January 26, 2021

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...

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.  Commenting on...

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...

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Bosnian minister says more women needed in government

BELGRADE, Serbia Bosnia and Herzegovina's first headscarf-wearing minister said Wednesday that women should be more involved in government.  "There are four women in the current cantonal...

UAE ratifies visa exemption agreement with Israel

ISTANBUL  The United Arab Emirates approved a visa exemption agreement with Israel on Wednesday, Israel’s Foreign Ministry said in a statement.  The agreement will come into...

NBA: Rockets trade James Harden to Nets

ANKARA The Houston Rockets traded James Harden to the Brooklyn Nets, NBA insider Shams Charania announced Wednesday.  “Rockets are acquiring Caris LeVert in James Harden deal...

Anadolu Agency's Morning Briefing – January 14, 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...

‘Cyprus solution must be based on sovereign equality'

LEFKOSA, Turkish Republic of Northern Cyprus  An official negotiation process on the Cyprus issue can only be started for a solution based on sovereign equality,...