Financial crises

Turkey's current account posts $3.33 bln gap in March

Turkey's current account balance posted a deficit of some $3.33 billion in March, decreasing by $2.12 billion from the same month last year, the Turkish Central Bank announced on May 11. 

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled almost $36.2 billion.

Central bank says economy shows signs of recovery

Ljubljana – All sectors in Slovenia that are not under direct impact of coronavirus restrictions recovered in the first quarter of the year, the country’s central bank says in its latest publication Economic and Financial Trends. Data shows signs of moderate although uneven economic growth, and the labour market situation remains stable.

Turkey's current account posts $2.6 bln gap in February

Turkey's current account balance posted a $2.6 billion gap in February, increasing by $1.23 billion from the same month last year, the Turkish Central Bank announced on April 12. 

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled nearly $37.8 billion.

Bucharest Mayor Dan: Two billion RON, Bucharest's debt as of this moment

The mayor of Bucharest, Nicusor Dan, declared on Monday that the debt of the capital as of this moment goes up to 2 billion RON, although when he took upon his 4-year term, the debt was 3 billion RON. "We have debts that result from court decisions: 430 million RON, of which Constanda - 375 million RON; Law School and colleges - 25 million RON.

Interest-free property funding legislation enters into force

Turkey's new regulation governing the interest-free funding market for housing and car sales took effect as it was published in the Official Gazette on March 7.

The Turkish Parliament approved the legislation last week, clearing the way for a possible boom in a system that has already drawn around 300,000 customers keen to avoid sky-high interest rates.

Economists expect rise in Turkey's February inflation

Turkey's annual inflation rate is projected to rise to 15.45% in February, an Anadolu Agency survey found on Feb. 26. 

Turkey's annual inflation rate in January was 14.97%, up 0.37 percentage points from the previous month.

The Turkish Statistical Institute will announce February's consumer prices index on March 3 Wednesday.

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