International finance

It is now clear that in Europe, as elsewhere, neither health services nor social protection systems were in place when Covid-19 hit. The European "project" is again being tested.

Turkey's current account balance posted a deficit of nearly $1.23 billion in February, according to official figures released on April 13.

The deficit was $117 million in the same period last year, said the Central Bank.

The bank's balance of payments figures showed the country's 12-month rolling surplus amounted to $6.13 billion.

Norway's $1 trillion wealth fund will exclude four companies for their vast emissions of greenhouse gases, or at least put them on probation to force them to change, the chairman of its ethics watchdog told Reuters.

Turkey's services exports reached $53.7 billion in 2019, a new record high, the Turkish trade minister said on Feb. 14.

The services balance posted a $31.5 billion surplus in the same period and contributed to the country's current account balance, Ruhsar Pekcan wrote on Twitter.

Turkey's current account balance posted a deficit of $2.8 billion in December 2019, the Turkish Central Bank announced on Feb. 14.

Official data showed that the figure widened by $1.7 billion from same month the previous year.

The country's 12-month rolling surplus totaled $1.67 billion, the bank said.

Turkey's current account balance is projected to post a $1.2 billion surplus in 2019, an Anadolu Agency survey found on Feb. 12.

The central bank is set on Feb. 14 to announce the current account balance for 2019 and estimates from a group of 12 economists range between $800 million and $1.7 billion.

According to the International Monetary Fund (IMF), the global economy has been growing slowly during the global financial crisis. Experts see the reasons for this in trade conflicts and geopolitical risks.

Turkey's current account balance improved in August to post a surplus of $2.6 billion, the nation's Central Bank announced on Oct. 11.

Greece's current account balance showed a slightly smaller surplus in July compared to the same month last year, as imports outpaced exports, the Bank of Greece said on Friday. 

Central bank data showed the surplus at 1.28 billion euros ($1.41 billion) compared to a surplus of 1.31 billion euros in July 2018. 

Turkey's current account balance posted a $1.2 billion surplus this July, improving from a $2.2 billion deficit in July 2018, the country's Central Bank announced on Sept. 13.