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Wednesday, June 16, 2021

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...

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,...

'Turkish banks well-prepared to face COVID-19'

ANKARA The Turkish banking sector was prepared when the economic crisis driven by the novel coronavirus struck, according to global audit and consultancy firm KPMG on Wednesday. KPMG in Turkey analyzed...

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'Emerging markets won't suffer from current account deficits post-COVID'

ANKARA Imports have already surpassed pre-crisis levels in all major emerging markets but most trade deficits have not expanded due to booming exports, according to...

Thousands protest in Madrid against pardoning jailed Catalan leaders

OVIEDO, Spain Around 25,000 people poured into the streets of Madrid on Sunday to protest the Spanish government’s impending move to pardon several jailed Catalan...

Accused terrorist nabbed while trying to enter Turkey

ANKARA  A terrorist wanted with a red notice was among a dozen people arrested while trying to enter Turkey, said the National Defense Ministry on...

Mortar kills 5 civilians in Afghanistan

KABUL, Afghanistan A mortar shell fired by Taliban hit a residence in Afghanistan’s Lagman province killed five civilians, according to Afghan Army.The 201st Selab Corps...

UAE, Rwanda ban flights from Uganda due to rise in COVID-19 cases

KAMPALA, Uganda The United Arab Emirates (UAE) and Rwanda have banned with immediate effect all flights from Uganda due to reports of rising COVID-19 cases...