Economy of Northern Cyprus
It is the greatest desire of Turkish Cypriots to make the Turkish Republic of Northern Cyprus (TRNC) one of the most important trade centers in the world, its prime minister said on Sept. 22.
Ersan Saner told Anadolu Agency that his government keeps relations with Turkey at the highest level and it is satisfied with the economic and cooperation work between the two countries.
Turkey's headline inflation rate, which reached 18.95 percent in July, will decrease gradually in the rest of the year, President Recep Tayyip Erdoğan has said.
"We will see a contraction in the inflation rate during August," Erdoğan said on a live broadcast of a private channel late on Aug. 4.
The Turkish central government's gross debt stock totaled 2.02 trillion Turkish liras (around $234.3 billion) at the end of June, according to official figures released on July 26.
The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.