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Tuesday, January 26, 2021

Turkey: Central Bank reserves at $84.5B in October

ANKARA  The Turkish Central Bank’s official reserve assets grew 6.1% month-on-month to reach $84.5 billion in October, according to data released on Friday. Foreign currency reserves – in convertible foreign currencies...

Turkey: Economic confidence falls in November

ISTANBUL Turkey’s economic confidence index posted a monthly decline in November, according to official data released on Friday. The index decreased by 3.5% to reach 89.5 in November, down from 92.8...

Turk Eximbank, ICBC Turkey ink $237.9M loan agreement

ISTANBUL  Turk Eximbank signed a two-year loan agreement with ICBC Turkey, a Chinese private lender, securing €200 million euro ($237.9 million) to support export financing. In a statement, Ali Guney, Turk...

Survey expects 5% growth in Turkish economy in Q3

ISTANBUL Turkey’s economy is projected to have expanded by 5% year-on-year in the third quarter of 2020, an Anadolu Agency survey found Thursday. The country's statistical authority TurkStat will release gross...

'Turkish tourism sector may shrink 70% due to pandemic'

ANTALYA, Turkey Turkey’s tourism sector will likely shrink 70% this year due to the coronavirus pandemic, the country’s culture and tourism minister said on Thursday. “It looks like we will end...

Turkish Central Bank raises swap auction limit

ISTANBUL The Turkish Central Bank on Thursday increased its lira swap sale limits from 50% to 60%. The bank raised the swap auctions limit in the Turkish Lira Swap Market for...

Turkey: Consumer confidence down in November

ISTANBUL Consumer confidence in the Turkish economy posted a decline in November, the country's statistical authority announced on Friday. The consumer confidence index stood at 80.1 this month, down by 2.2%...

Turk Eximbank secures $561M syndication loan amid virus

ANKARA Turk Eximbank received a syndication loan worth $561 million with a one-year maturity amid the coronavirus economic fallout, Turkey’s trade minister said Friday. Under the coordination of Mizuho Financial Group,...

Turkey's annual inflation rate at 11.89% in October

ANKARA Turkey posted an 11.89% annual hike in consumer prices in October, the country’s statistical authority said on Tuesday. Annual inflation rose 0.14 percentage points in October, up from 11.75% in...

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...

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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,...