Finance Ministry

Treasury borrows $650 mln from domestic markets

Turkey's Treasury borrowed 4.2 billion Turkish liras (some $650 million) from domestic markets on March 24.

Some 3.6 billion Turkish liras (around $560 million) of three-year Turkish lira overnight reference rate (TLREF)-indexed bonds - new issuance - to be settled on March 25 and mature on June 21, 2023, were sold in an auction, the Treasury and Finance Ministry said on March 24.

Turkish Treasury borrows $727 mln from domestic markets

The Turkish Treasury borrowed 4.8 billion Turkish liras (nearly $727 million) from domestic markets on March 23, the Treasury and Finance Ministry announced.

The ministry re-issued a fixed coupon government bond with a maturity of two years (574 days) and a 6.9 percent coupon payment every six months.

Shield for business and labor

At least 50 percent of enterprises in Greece are hurting due to the crisis caused by new coronavirus, according to data presented by Finance Minister Christos Staikouras on Friday. In total, 440,000 corporations employing about 1 million workers with a turnover of 6.5 billion euros per year are showing a reduction in their financial figures, State General Accounting Office figures indicate.

New support package due on Wednesday

The Finance Ministry will on Wednesday announce a new set of measures to contain the effects of the coronavirus on the economy. Wednesday's package will be the first to concern the workers - providing for them to be granted handouts - and to offer state collateral for credit for enterprises harmed by the pandemic.

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