Turkey’s current account balance posted a USD 5.56bn deficit in March, growing USD 2.23bn from a year ago, according to the Central Bank. The bank said the country’s 12-month rolling deficit reached USD 24.22bn in March. Goods trade deficit increased USD 3.36bn year-on-year to reach USD 6.34bn. Services item indicated a net surplus of USD...
The CAD is big and its financing is bad!
To what extent does the misery index influence voters’ choices?
AI and beyond
Budget deficit risk of around 7% of GDP
Tourism revenues rise higher than the number of tourists
Need for anchor
Patents with technological advances in the automotive ecosystem
Let’s estimate FX rates…
Inflation soared while the policy rate was lowered
Famous banks’ election expectations
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Levent Kafkasli becomes GM of GAP Insaat
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When you don’t learn from a mistake from 30 years ago
UNDP sends containers to the quake-hit region
Annualized foreign trade deficit tripled in 1.5 years
KKM, liraization: Fiddlesticks!
Capacity usage down contrary to real sector confidence
Current account deficit at USD 5.56bn in March
Current account deficit at USD 5.15bn in February
Turkey’s current account balance registered a USD 5.15bn deficit in February, widening USD 2.71bn year-on-year, according to the Central Bank The bank said the country’s 12-month rolling deficit stood at USD 21.84bn in February. Goods trade deficit rose USD 3.9bn annually to reach USD 6bn. Services item showed a net surplus of USD 1.61bn, increasing...
What does an interest rate of 8.6% mean?
BY ISMET OZKUL The interest rate for the latest bond issuance by the Treasury to the international markets was 8.625%. This rate quadruples the interest rate in the U.S. market. We’ll pay USD 947m for a USD 2bn borrowing with a maturity of 5.5 years. While we insist on a low-interest policy in Turkey, we...
In hope for forever current surplus days: OPINION
Exports were increasing and imports were decreasing earlier this year. Thus, the foreign trade deficit was shrinking and Turkey even showed a trade surplus in October, according to the balance of payments. In addition, tourism income was positive. As a result, we thought that our current account deficit problem was over, or nearly over! But...
Current account balance posts USD 2.68bn deficit in November
Turkey’s current account balance posted USD 2.68bn deficit in November, down USD 866m year-on-year, according to the Central Bank. Thus, the current account balance posted a deficit for the first time after three months. The current account balance was forecasted to post around USD 2.2bn deficit in November. The 12-month rolling current account deficit (CAD),...