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Wednesday, June 16, 2021

Turkish Central Bank reserves reach $83.8B in August

ANKARA The Turkish Central Bank on Monday announced that its official reserves amounted to $83.8 billion as of the end of August. Total reserve assets posted a fall of %7.2 in...

Turkish Super Lig club ' debt exceeds $473M

ISTANBUL  Turkish Super Lig side Besiktas have accumulated net debts of over 3.5 billion Turkish liras ($473 million), the club announced on Saturday. The first Regular Council Board Meeting of Besiktas...

Turkey's foreign trade gap at $2.1B in September

ANKARA Turkey's foreign trade deficit stood at $2.1 billion in September, said the country's statistical authority on Thursday. TurkStat data indicated a 6.6% year-on-year rise in last month's figure. Turkish exports rose...

Turkey's Borsa Istanbul up at Monday's open

ANKARA Turkey's benchmark stock index rose 0.50%, or 522.71 points, to start the week at 105,902.43 points. On Friday's close, Borsa Istanbul's BIST 100 index was up 1.54% at 105,379.71 points...

'Fighting inflation to be Turkey's top agenda in 2020'

ANKARA Turkey will stabilize the inflation rate at single digits by improving competition in goods and services markets and enhancing production, the country's treasury and finance minister said Friday. "Fight against...

Turkey's hazelnut exports up by over 50% in 8 months

ISTANBUL Turkey earned $1.84 billion from hazelnut exports from September 2019 to April 2020, increasing 50.9% versus the same period in the previous season, a regional trade union announced on...

Turkey's inflation rate up in June

ISTANBUL  Consumer prices in Turkey went up in June versus the same month last year, the country's statistical authority announced Friday. June's annual inflation rate was at 12.62% from 11.39% in...

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: No compromise from free-market mechanism

ANKARA Attaching great importance to the markets' efficient and solid functioning, Turkey will not compromise from the free-market mechanism, the country's treasury and finance minister said on Monday."Liberal exchange regime...

Turkey's automotive exports reach $25.4B in 10 months

ISTANBUL  Turkey's automotive industry exports reached $25.4 billion in the first 10 months of this year, according to an exporters association. The country's exports were around $2.5 billion per month on...

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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...