International macroeconomics

Turkey's external assets hit $251.4 billion as of this February, inching down 0.2 percent from the end of 2019, the Central Bank announced April 20.

The country's liabilities against non-residents also fell 3.3 percent to hit $584.2 billion during the same period.

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.

The collapse of the national currency, which has gone from 4.7 RON to 4.8 RON per euro, is worth 2 bani (the lowest subdivision of the Romanian currency, 100 bani equals 1 RON - e.n.), and presently it doesn't even reach that, said on Sunday Adrian Vasilescu, strategy consultant at the National Bank of Romania. "There is much talk these days.

The contracts concluded for the provision of services or for the utility supply can be expressed only in lei, if both the issuers and the recipients are Romanian residents, stipulates a legislative proposal initiated by Social Democratic Party (PSD) Senator Daniel Zamfir. "As promised, I submitted the draft law on contracts and payment of invoices on Romania's territory.

Turkey's net international investment position (NIIP) improved as of the end of 2019 versus the end of the previous year, as its assets abroad increased at a higher pace than liabilities against non-residents, official data showed on Feb. 21. 

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.

The balance-of-payments current account registered a deficit of 10.478 billion euros last year, an increase of almost 17 pct compared to the similar period of 2018, shows a press release of the National Bank of Romania (BNR) sent to AGERPRES on Thursday. In 2018, the current account deficit was 8.96 billion euros.

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

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.

Greece's current account deficit shrank in November compared with the same month last year on the back of an improved balance in the primary income account due to lower net payments for interest and dividends, the Bank of Greece said on Monday.

Central bank data showed the deficit was 1.392 billion euros down from 1.446 billion euros in November 2018.