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...
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...
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Pakistan rejects nomination of 'senior' Indian diplomat
KARACHI, Pakistan
Pakistan has rejected the nomination of an Indian diplomat for the post of its Charge d’Affaires in Islamabad, terming him too senior for...
Legendary Nepalese climber dies at 72
KATHMANDU, Nepal
Ang Rita Sherpa, a legendary climber who holds the record for the highest number of summits on Everest without supplemental oxygen, died on...
China sends 3rd maritime satellite into space
ANKARA
China on Monday sent another maritime satellite into the space, local media reported.
The new sea and ocean-monitoring satellite was launched from the Jiuquan Satellite...
With no new cases, N.Zealand moves to lift restrictions
ANKARA
New Zealand is set to lift all restrictions across the nation from Wednesday night as the country reported no fresh coronavirus cases for a...
Turkish forces 'neutralize' 2 PKK terrorists in N. Iraq
ANKARA
Turkish security forces have neutralized two PKK terrorists in northern Iraq, the National Defense Ministry said on Monday.
The terrorists were targeted in an air-backed...