Financial crises
Turkey’s inflation rate hits 48.7%
Turkey's annual inflation rate in January reached its highest level since April 2002, official data showed on Feb. 3.
Consumer prices surged by 48.69 percent from the same period in January last year, up from an annual rate of 36.1 percent in December, according to the Turkish statistics agency.
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Banking sector’s profit leaped 57 percent last year
The combined net profit of Turkish banks showed a strong 57 percent increase in 2021 from the previous year to reach 92 billion Turkish Liras, data from the Banking Regulation and Supervision Agency (BDDK) have shown.
Local lenders' assets grew nearly 51 percent, or by 3.1 trillion liras, last year to 9.2 trillion liras, the regulator said in a statement on Jan. 31.
Netflix Fails to Halt the Subscriber Additions Decline (infographic)
There is a continued decline which led directly to a 20 percent fall in share price off of the news
Bulgaria: There is No Bubble in the Real Estate Market. For Now
There is no bubble in the real estate market in Bulgaria yet, but obviously, the number of deals and house prices will continue to rise. This was summed up by experts during a discussion on real estate in Bulgaria. The reason for this is the large savings of the population, low-interest rates on loans and the desire to buy a better property.
Turkey’s central government gross debt stock at $200 bln in October
Turkish central government's gross debt stock totaled almost 2.27 trillion Turkish liras ($200 billion) at the end of October, official figures showed on Nov. 22.
The Treasury and Finance Ministry's data showed that the figure was up 4.1% from the previous month.
Greek economy – International ratings agencies predict strong growth prospects
International credit rating agencies "see" strong prospects for the development of the Greek economy, on which, after all, the upgrades of the Greek debt in the last two years were based to a significant degree.
Central Bank cuts benchmark rate to 15 pct
The Turkish Central Bank on Nov. 18 cut its benchmark one-week repo rate by 100 basis points from 16 percent to 15 percent in line with market expectations.
At its 11th Monetary Policy Committee meeting this year, the bank said recent increases in inflation had been driven by supply-side factors such as rising food and import prices, especially in energy, and supply constraints.
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Turkish Lira sets new record low dropping 1.3%
According to a Reuters poll, the Turkish central bank is expected to cut its key interest rate to 15% from 16% this week
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Central Bank hikes year-end inflation forecast for next 3 years
Turkey's Central Bank (CBRT) on Oct. 28 revised up its year-end inflation forecasts for the next three years while keeping its medium-term target at 5 percent.
S&P affirms Turkey's credit rating, outlook stable
S&P on Oct. 22 affirmed Turkey's long-term foreign currency rating at "B+" and long-term local currency rating at "BB-," with a stable outlook.
The stable outlook considers the risks from Turkey's economic imbalances, but these are partly offset by the resilience of Turkey's private sector and the manageable stock of net general government debt, the global rating agency said.
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