Balance of payments
Confidence in economic program increasing: Şimşek
Standard & Poor's (S&P) has confirmed Türkiye's credit rating as "B" and changed its credit rating outlook from "stable" to "positive."
"Confidence in our medium-term program is increasing," Treasury and Finance Minister Mehmet Şimşek wrote on social media platform X on Dec.1, commenting on S&P's move.
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Current account posts $674 million surplus in June
Türkiye's current account swung to a surplus in June for the first time since October 2021, helped by tourism revenues, data from the Central Bank showed on Aug. 11.
The country's current account surplus was $674 million in June, larger than what most analysts had expected. In May, the current account balance produced a deficit of $7.84 billion.
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Additional charge imposed on some gold, jewelry imports
The government has announced a 20 percent additional charge for some gold and jewelry imports, apparently in an attempt to help efforts to reduce the current account deficit.
Notable drop in Greece’s current account deficit in Jan-May
Greece's current account deficit fell by 431.3 million euros year-on-year to stand at €1.6 billion, the Bank of Greece said on Friday.
In a monthly report the central bank said that the reduction in the goods deficit could be attributed to a larger drop in imports than exports in absolute terms.
Current account deficit at $7.9 billion
Türkiye's current account deficit rose from $5.4 billion in April to $7.93 billion in May, according to official data.
Excluding gold and energy, the current account indicated a net deficit of $1.2 billion, the Central Bank said on July 11.
Exports and imports stood at $21.3 billion and $31.8 billion, leading to a foreign trade deficit of $10.48 billion in May.
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Increase in net reserves encouraging, says Şimşek
The Turkish Central Bank's international reserves rose from $98.5 billion on May 26 to $108.6 billion on June 30, while the net reserves improved by $14.2 billion over the same period, Treasury and Finance Minister Mehmet Şimşek said on July 11.
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Chinese minister visits Athens, agrees Greek exports should be boosted
Greek Minister of Rural Development and Food Lefteris Avgenakis met with his visiting Chinese counterpart, Minister of Agriculture and Rural Affairs Minister Τang Renjian, on Wednesday.
IOBE sees Greek economy growing 2.4% this year
Τhe Greek economy will grow at a slower pace this year compared with 2022, as a result of a slowdown in the global economy in an environment of high inflation, tighter fiscal and monetary policy and uncertainty, the Foundation for Economic and Industrial Research (IOBE) said in its quarterly economic outlook report released on Wednesday.
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Türkiye breaks daily export record
Türkiye's exports have hit $2.12 billion on June 23, marking an highest figure on record on a daily basis, Trade Minister Ömer Bolat said.
The daily record export revenue, achieved despite the slowdown in global economy and trade, proved the Turkish exporters' resilience and dynamism, commented Bolat on Twitter.
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Current account deficit at $5.4 billion
Türkiye's current account deficit has widened from $4.9 billion in March to $5.4 billion in April, the Central Bank has announced.
The deficit was $2.54 billion in April last year.
"Gold and energy excluded, the current account indicated net deficit of $480 million in April," the bank said.
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