Great Recession in Europe
Greece attracts record demand in first bond sale since investment grade
Greece attracted record demand on Tuesday for its first new bond since regaining investment grade.
It raised 4 billion euros from the 10-year bond with investor orders exceeding 35 billion euros.
Greece plans to raise up to €10 bln from debt markets in 2024
Greece plans to raise up to €10 billion from debt markets via short- and long-term bond issues next year, its debt agency PDMA said on Friday.
Outlining its 2024 strategy, PDMA said Greece plans to repay ahead of schedule more bailout loans and reduce the amount of T-bills in circulation.
Consumer mood continues to improve
Consumer sentiment rose for a fourth consecutive month in December, the survey carried out jointly by the Central Bank and the Turkish Statistical Institute (TÜİK) has shown.
The consumer confidence index advanced 2.6 percent month-on-month after rising 1.1 percent in November to touch 77.4 points.
Any index figure above 100 indicates optimism among consumers.
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Greece pays off more dues early
Greece proceeded on Friday with the early repayment of two installments of bilateral loans, as it had long planned, almost halving its financing needs for the next two years, while deflating the cushion of cash reserves, which was designed to decrease after the recovery of investment grade.
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Retails sales rise nearly 14 percent in October
The retail sales volume at constant prices increased by 13.7 percent in October from a year ago, the data from the Turkish Statistical Institute (TÜİK) have shown.
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Greece industry output higher, while Eurozone output drops in October
Eurozone industrial production declined by more than expected in October, with the sharpest drop for capital goods such as machinery, reinforcing survey indications that the single-currency area is in a recession.
Turkish economy grows 5.9 percent in third quarter
Turkish economy grew by a more-than-expected 5.9 percent in the third quarter of 2023 from a year earlier, with GDP growth accelerating from 3.9 percent in the three months to June, data from the Turkish Statistical Institute (TÜİK) have shown.
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EU Economy Stagnates, Bulgaria's Rises: 0.4% Q3 Growth
The European economy witnessed a troubling slowdown in the third quarter, with the eurozone facing a 0.1% contraction and the wider EU stagnating, revealed a preliminary report by Eurostat.
Fitch lifts Türkiye’s medium-term growth forecast
Fitch Ratings have revised upwards its medium-term potential growth for Türkiye to 4.1 percent from a previous 3.9 percent.
The Turkish economy grew by 3.8 percent in the second quarter of 2023, after expanding 3.9 percent in the previous period.
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Foreign trade deficit shrunk nearly 50 percent in September
Türkiye's foreign trade came in at $5 billion in September, pointing to a 47.8 percent decline from a year ago, data from the Turkish Statistical Institute (TÜİK) have shown.
Exports fell 0.5 percent year-on-year to $22.49 billion, and the annual decline in imports was 14.6 percent to $27.5 billion.