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Thursday, June 17, 2021

Turkey: Treasury posts $1.4B cash deficit in May

ANKARA The Turkish Treasury's cash balance this May posted a deficit of 9.7 billion Turkish liras (about $1.4 billion), the Treasury and Finance Ministry said Friday.  Cash revenues of the Treasury...

Turkey sees 434,757 house sales in Jan-May

ISTANBUL  In Turkey, 434,757 residential properties were sold in the first five months of 2020, the country’s statistical authority announced on Monday. Housing sales dropped 2.2% or 9,684 units in the...

Turkish, Azerbaijani central banks ink MoU

ANKARA A memorandum of understanding was signed between Turkish and Azerbaijan's central banks on Friday. Under the deal, the two central banks aspire to carry out activities to foster cooperation in...

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...

Turkish Central Bank int'l reserves at $86.3B in April

ANKARA  The official reserves of the Turkish Central Bank reached $86.3 billion as of the end of April, the bank announced Thursday. The April figure showed that total reserve assets slipped...

Turkey: June unemployment at 13.4%

ANKARA  Unemployment in Turkey rose to 13.4% this June, up 0.4 percentage points from the same month last year, the Turkish Statistical Institute (TurkStat) said on Thursday. The number of unemployed...

Turkey overcoming pandemic's economic effects: Erdogan

ANKARA  Turkey’s production levels continued to rise in the third quarter as the country has overcome a significant part of the coronavirus pandemic’s economic effects, the Turkish president said on...

Turkish Central Bank's reserves rise to $88B in April

ANKARA The Turkish Central Bank’s reserves amounted to $88 billion at the end of April, the bank announced on Friday. Total reserve assets increased 1.5% from the previous month, according to...

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...

Turkey welcomes 4.24M foreign visitors in Q1

ISTANBUL  Turkey welcomed 4.24 million foreign visitors in the first quarter of 2020, the country’s Culture and Tourism Ministry said on Thursday. The number of foreigners visiting the country dropped by...

Latest article

'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...