Financial crises

Home prices rise 1.7 pct in December

The residential price index increased by 1.7 percent in December 2020 from the previous month, data from the Central Bank have shown.

On an annual basis, house prices across Turkey rose by 30.3 percent in the month in nominal terms, while in real terms, the increase was 13.7 percent, the bank said yesterday.

Greece seeks ESM consent to repay part of IMF loans earlier

Greece has filed a request to the European Stability Mechanism (ESM), the eurozone's bailout fund, seeking its consent to pay back earlier expensive debt to the International Monetary Fund, government officials said on Wednesday.

The country has received three international bailouts from the eurozone and the IMF worth 280 billion euros since 2010.

Strong demand for Austria, Greece, Slovenia bond sales

Bond sales for Austria, Greece and Slovenia won strong demand on Wednesday, joining larger peers who issued debt via syndication earlier in the month.

Austria received 32 billion euros of investor orders, eight times the 4 billion euros it will raise, and Greece received 28 billion euros of orders for new 10-year bonds.

Turkey's current account balance sees $4 bln gap in Nov

Turkey's current account balance posted a deficit of $4.06 billion in November 2020, the country's Central Bank revealed on Jan. 11. 

The 12-month rolling deficit thus reached $37.97 billion, the bank noted.

An Anadolu Agency survey last week showed that economists had expected a deficit of $3.4 billion.