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Tag: Turkish economy

Türkiye touts ‘unprecedented’ foreign exchange reserve buildup
Economy

Türkiye touts ‘unprecedented’ foreign exchange reserve buildup

May 21, 2024May 21, 2024

Türkiye’s economic system chief on Monday mentioned the central financial institution’s international trade reserves had proven an enchancment “at a scale and speed unprecedented in

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Türkiye sticks to record foreign exchange reserve building mode
Business

Türkiye sticks to record foreign exchange reserve building mode

May 18, 2024May 18, 2024

Türkiye’s overseas alternate reserves rose by virtually $9.8 billion final week, official information confirmed Thursday, because the central financial institution continues to shore up its

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Türkiye to bolster monetary policy with fiscal discipline: Erdoğan
Business

Türkiye to bolster monetary policy with fiscal discipline: Erdoğan

May 16, 2024May 16, 2024

President Recep Tayyip Erdoğan on Wednesday stated Türkiye would improve the effectiveness of financial coverage by fiscal self-discipline, with a robust concentrate on combatting stubbornly

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Türkiye’s current account deficit maintains downward trend in March
Economy

Türkiye’s current account deficit maintains downward trend in March

May 14, 2024May 14, 2024

Türkiye’s present account deficit maintained its narrowing pattern in March, official information confirmed on Monday, with officers attributing the course to the insurance policies below

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Türkiye unveils savings plan to tackle inflation, ramp up efficiency
Business

Türkiye unveils savings plan to tackle inflation, ramp up efficiency

May 14, 2024May 14, 2024

The Turkish authorities unveiled a complete financial savings plan on Monday in a bid to deal with hovering inflation and improve effectivity throughout the public

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Türkiye to announce savings plan on Monday: Şimşek
Business

Türkiye to announce savings plan on Monday: Şimşek

May 12, 2024May 12, 2024

Türkiye is ready to announce a bundle of financial savings measures on Monday, Treasury and Finance Minister Mehmet Şimşek mentioned Friday, as the federal government

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Türkiye upbeat amid record rise in FX reserves, steep CDS fall
Business

Türkiye upbeat amid record rise in FX reserves, steep CDS fall

May 10, 2024May 10, 2024

Türkiye’s economic system chief on Thursday praised the optimistic trajectory within the nation’s international trade reserves, which he says will keep tempo with a lower

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Turkish banking sector posts net profit of nearly .8B in Q1
Economy

Turkish banking sector posts net profit of nearly $4.8B in Q1

May 7, 2024May 7, 2024

Türkiye’s banking sector posted a internet revenue of TL 153.5 billion ($4.75 billion) within the first three months of the yr, the nation’s banking watchdog

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S&P upgrades Türkiye’s credit rating, keeps outlook positive
Economy

S&P upgrades Türkiye’s credit rating, keeps outlook positive

May 4, 2024May 4, 2024

The credit standing company Standard & Poor’s (S&P) upgraded Türkiye’s credit standing from B to B+ and saved its outlook optimistic. According to a press

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Türkiye secures .3B from IsDB as foreign financing flows gain pace
Business

Türkiye secures $6.3B from IsDB as foreign financing flows gain pace

April 30, 2024April 30, 2024

Türkiye on Monday introduced it had secured financing price $6.3 billion (TL 203 billion) from the Islamic Development Bank (IsDB) over the subsequent two years,

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