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Tuesday, August 9, 2022

Turkish Treasury borrows $1B through auctions

ANKARA The Turkish Treasury borrowed around 8.36 billion Turkish liras ($1 billion) from domestic markets, according to an official statement on Monday. The Treasury and Finance Ministry announced that 3.35 billion...

'Digital currency, law needed for Turkey's IT growth'

ANKARA Developing its own digital currency with national capabilities is critical for the development of Turkey’s digital economy, the head of the Informatics Association of Turkey (TBD) said Monday. Rahmi Aktepe...

Turkey: Investments in media, advertising hit $2.5B

ISTANBUL Investments in media and advertising in Turkey reached 17.47 billion Turkish liras ($2.48 billion) in 2020, an audit and consulting giant Deloitte Turkey announced on Thursday. The investments in...

Turkey, US discuss new ways to boost trade ties

ANKARA Turkish Trade Minister Ruhsar Pekcan met virtually Wednesday with US Trade Representative Katherine Tai and discussed new ways to increase bilateral trade flows. "We had a fruitful meeting with ambassador...

New Turkish Central Bank chief meets with bankers

ISTANBUL  The Turkish Central Bank's newly appointed governor met Wednesday with the general managers of banks and discussed a range of issues including inflation, monetary policy, global developments and the...

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: Head of central bank dismissed

ANKARA Turkish Central Bank Governor Naci Agbal was dismissed and replaced with former MP professor Sahap Kavcioglu, according to a new presidential decree published in the official gazette early Saturday. Agbal...

Turkish Central Bank's rate hike surprises, pleases economists

ISTANBUL Both foreign and domestic economists in Turkey have applauded what they said was an unexpected rate hike by the country's Central Bank. The Central Bank of the Republic of Turkey...

Turkish Central Bank hikes interest rates, surprising markets

ANKARA The Turkish Central Bank on Thursday announced an interest rate hike of one percentage point above market expectations.The bank's policy rate – also known as the one-week repo...

Turkey's assets abroad total $246.3B in January

ANKARATurkey's external assets reached $246.3 billion as of this January, a decline of 2.3% from the end of last year, the Turkish Central Bank data showed on Thursday.Its liabilities...

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Turkish president, UN chief discuss ways to end crisis caused by Russia-Ukraine war

ANKARA The Turkish president and UN secretary-general on Monday spoke over phone and discussed initiatives aimed at resolving the ongoing crisis caused by the Russia-Ukraine...

Anadolu Agency's Morning Briefing – June 21, 2022

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Russia becomes China’s largest oil supplier

ANKARA Russia has surpassed Saudi Arabia to become China's largest oil supplier, as refiners bought up Russian crude oil offered at a huge discount...

EU, Egypt agree on partnership priorities until 2027

BRUSSELS The EU and Egypt have agreed on the partnership priorities guiding their relationship until 2027. The Association Council of the European Union and Egypt...

Syria's Tal Rifat surrounded with tunnels by YPG/PKK terrorists

TAL RIFAT, Syria / ANKARA The YPG/PKK terror group is using a sophisticated network of tunnels in the Tal Rifat district in northern Syria to...