Turkey

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Balkan Insight’s Week in Pictures

Kielce head coach, Talant Dujshebaev, reacts during the EHF Champions League handball match between CS Dinamo Bucharest and Lomza Vive Kiel​ce in the Romanian captial on September 16 2021. Photo: EPA-EFE/Robert Ghement.

Interim Bulgarian Prime Minister Stefan Yanev during an official ceremony in the capital of Sofia on September 16, 2021. Photo: EPA-EFE/Vassil Donev.

President reappoints Erbaş as head of Presidency of Religious Affairs

Ali Erbaş was reappointed as the head of the Presidency of Religious Affairs (Diyanet) with a presidential decree published in the Official Gazette on Sept. 17.

"I would like to thank our president, Mr. Recep Tayyip Erdoğan, who appreciated reappointing us to this noble task," Erbaş said.

Turkey's short-term external debt stock at $125.3 bln in July

Turkey's short-term external debt stock stood at $125.3 billion at the end July, according to data released on Sept. 17. 

The debt that must be paid in a year or less climbed 9.7% in July compared to the end of 2020, according to the Turkish Central Bank.

A total of 40.7% of the debt stock is in U.S. dollars, 25.8% in euros, 13.3% Turkish liras, and 20.2% in other currencies.

Central Bank reserves top $120 bln, 1st time since November 2016

The Turkish Central Bank's total reserves rose by $944 million to hit $120.1 billion last week, for the first time since November 2016.

According to weekly money and bank statistics published by the bank, the gross foreign exchange reserves increased by $1.6 billion to $79.6 billion on Sept. 10, from $78.5 billion on Sept. 3.

Galatasaray defeat Lazio 1-0 in Europa League

Galatasaray beat Lazio 1-0 in the UEFA Europa League Group E match on Sept. 16. 

Lazio's Albanian goalie Thomas Strakosha scored an own goal in the 67th minute at Ali Sami Yen Sports Complex (Turk Telekom Stadium), Istanbul.

Galatasaray took the top spot with three points, while Marseille placed 2nd with one point in Group E.

Fitch revises up Turkey's growth forecast to 9.2% this year

Fitch Ratings has revised up Turkey's 2021 economic growth forecast to 9.2%, according to the rating agency's Global Economic Outlook for September, released on Sept. 16. 

The new figure is a massive upward revision from the agency's previous upgrade made on Aug. 13 when it revised up Turkey's growth forecast to 7.9%, from 6.3%.

EU, Turkey to work together on climate crisis

The European Commission's executive vice president for the European Green Deal and Turkish minister of environment and urbanization on Sept. 16 held the first EU-Turkey high-level dialogue on climate change.

The officials discussed the necessary steps to fight the devastating effects of climate change and to significantly cut emissions by 2050.

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