Economy of the Arab League

Hundreds protested for a second night to decry Lebanese authorities' handling of a deepening economic crisis, despite the government pledging on June 12 to inject dollars into the market to bolster the sagging currency.

Near a protest square in central Beirut, around 200 young men drove in on mopeds and defaced shop fronts, setting fire to several stores, an AFP correspondent said.

Turkey's foreign trade volume grew 3.6 percent year-on-year to $98.4 billion in the first quarter of 2020, according to a preliminary Trade Ministry data released on April 2.

The country's exports volume was choked off by coronavirus in January-March after seeing 4 percent rise in the first two months, the ministry said in a statement. 

In the fourth quarter of 2019 GDP1 at current prices amounted to 32 682 million BGN. In Euro terms GDP reaches 16 710 million EUR in total and 2 391 EUR per person. According to the seasonally adjusted figures, the GDP growth rate in the fourth quarter of 2019 is 3.1% compared to the same quarter of the previous year and 0.8% compared to the third quarter of 2019.

Turkey's exports totaled $14.76 billion in January, up 6.4 percent on a yearly basis, said the country's statistical authority on Feb. 28.      

TÜİK's data also showed imports totaled $19.2 billion, up 18.8 percent in January versus the same month last year.      

Turkey's railways' share in the shipment of exported goods is on the rise, data compiled by state-run Anadolu Agency showed.

The value of deliveries made by the country's railway network soared 33 percent in 2019 from the previous year to stand at $967 million.

After a meeting on Tuesday with Italian Foreign Minister Luigi Di Maio, Greek counterpart Nikos Dendias said on Tuesday that Athens and Rome both view the memorandum of understanding between Turkey and the Tripoli-based government of Libya on maritime borders as "illegal and groundless."

Turkey reduced its foreign trade gap by 43.5 percent and reached $31.17 billion from $55.12 billion in 2018, the country's statistical authority announced on Jan. 31.

Turkish Statistical Institute (TÜİK) reported that during 2019 the country's exports rose 2.1 percent to reach $171.5 billion while imports fell 9.1 percent to stand at $202.7 billion.

The agreement on maritime boundaries in the Mediterranean Sea signed between Turkey and the Tripoli-based Government of National Accord (GNA) infringes the interests and the sovereign rights of European Union member states, particularly of Greece and Cyprus, France said on Thursday, adding that the memorandum violates the UN Law of the Sea Convention.

Turkey's foreign trade deficit reached to $2.23 billion in November, according to the country's statistical authority on Dec. 31.

The figure rocketed 232.2 percent on an annual basis last month, TÜİK said.

Turkish exports went up marginally 0.1 percent to $15.5 billion, while imports rose 9.7 percent to $17.7 billion in the same period.

According to the first estimate of Economic Accounts for Agriculture, the final output at basic prices of the agricultural industry in 2019 amounted to BGN 8,318.0 million, or 1.7% lower than in 2018. The decrease was mainly due to drop in the volumes - by 1.9%, the National Statistical Institute (NSI) said in a press release.