Financial economics

Guess what the most preferred country is?

The crisis with surging prices of energy sources is worse and will take longer to be resolved compared to the Covid-19 pandemic slowdown and the supply bottlenecks for major industries, European Central Bank President Christine Lagarde said in an interview for CNBC.

The COVID-19 pandemic, beyond the public health crisis that it created, disrupted the supply chain internationally.

Ports were underfunctioning for a protracted period. Workers there were suspended, contracts were not executed, and therefore international transport was rocked by the pandemic.

Turkey's short-term external debt stock totaled at $121.7 billion as of end-June, the country's Central Bank revealed on Aug. 19.

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The amount of debt that must be paid over the next 12 months increased 6.5% compared to the end of last year, the bank said in a statement.

The financial markets started 2021 with cautious optimism. With the year heading for its home stretch, that sentiment has been justified. Stock markets have bounced back from the ravages of Covid-19 while national economies continue to catch up. In the US and Germany, stock market indices have broken all-time highs recently.

Merger and acquisition (M&A) deals concluded in the first half of 2021 amount to an estimated 1.8 billion euros for over 80 transactions announced, shows a survey by PwC Romania which confirmed the market's upward trend resumed since the second half of 2020.

Turkey's short-term external debt stock amounted to $144.7 billion in April, according to the country's central bank on June 18. 

At end-April, debt that must be paid in the next 12 months was up 4.5% compared to the end of last year, data showed.

Turkey's short-term external debt stock amounted to $140.8 billion in March, according to the country's central bank on May 18. 

At end-March, debt that must be paid in the next 12 months was up 1.7% compared to the end of last year, data showed.

Turkey saw an annual hike of 17.14% in consumer prices in April, the country's statistical authority reported on May 3. 

Last month, the annual inflation went up 0.95 percentage points from 16.19% in March, the Turkish Statistical Institute (TÜİK) said.

Turkey's short-term external debt stock totaled $141.2 billion as of the end of this February, official data showed on April 16. 

The country's external debt stock - maturing within one year or less - rose 2% in February from the end of 2020, according to the Turkish Central Bank.