International macroeconomics

Turkey's net international investment position (NIIP) showed a recovery this June, falling 25% compared to end-2020, the Turkish Central Bank said on Aug. 19. 

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The country's external assets climbed 7.4% to $274.4 billion while its liabilities against non-residents slipped 12.4% to $555 billion in the same period.

Turkey's current account balance posted a deficit of $1.127 billion in June, down $1.95 billion from the same month last year, the Turkish Central Bank announced on Aug. 13.

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With June figures, the current account deficit continued to narrow for the fourth month in a row.

In May 2021, the current account showed a deficit of €1.4 billion, up by €477 million year-on-year.

Prime Minister Florin Citu states that, if it is changed, the deficit target assumed for this year will be corrected "downwards".

The picture that the global investment community has vis-a-vis the attractiveness of Greece as an investment destination has improved significantly.

Turkey's external assets amounted to $249.9 billion at April-end, down 4.4 percent from 2020, the Turkish Central Bank announced on June 21.

The country's liabilities against non-residents during the same period fell 9.1 percent to $593.5 billion.

Turkey's January-May primary balance shows that the nation resolutely maintained its fiscal discipline policies, the treasury and finance minister said on June 15. 

The current account deficit data released on Monday indicates that we are on the path to recovery, Lütfi Elvan said in a tweet.

Turkey's current account balance posted a deficit of some $1.71 billion in April, down by $3.58 billion from the same month last year, the Turkish Central Bank announced on June 14. 

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled around $32.7 billion.

Turkey's external assets reached $250.2 billion in the first three months of 2021, an increase of 3.5 percent from the end of last year, Turkish Central Bank data showed on May 20.

The country's liabilities against non-residents fell 8.6 percent to $589.5 billion during the January-March period.

Turkey's external assets amounted to $248.9 billion at the end of February, up 3.4% from 2020, the Turkish Central Bank announced on April 19. 

The country's liabilities against non-residents during the same period rose 1.4% to $636 billion.