Turkey

Cavusoglu reiterates claims of 'grey zones' in Aegean

Turkey's Foreign Minister reiterated his country's long-standing claims on the existence of "grey zones" in the Aegean Sea in a televised interview on CNN Turk on Thursday evening.
Mevlut Cavusoglu said "there are islands whose sovereignty has not been established" either in the Treaty of Lausanne or in the 1947 Paris Peace Treaty.

Budget posts $21.8 bln deficit in 2019

Turkey's central government budget balance posted a deficit of 123.7 billion Turkish liras ($21.77 billion) in 2019, the Treasury and Finance Ministry announced on Jan. 15.

Turkey's budget revenues rose 15.5 percent to hit 875.8 billion Turkish liras ($154.19 billion) year-on-year in the January-December period, according to the official data.

Turkish private sector foreign debt falls in November

Turkey's outstanding short-term foreign private-sector debt narrowed in November 2019, the Central Bank of the Republic of Turkey (CBRT) said on Jan. 16.

The private sector's short-term external loans, excluding trade credits, totaled $10.2 billion, down $5.2 billion in November 2019, compared to the end of the previous year.

Turkey housing market sees 1.35 mln in sales in 2019

Nearly 1.35 million houses were sold in Turkey last year, the Turkish Statistical Institute (TÜİK) announced on Jan. 15.

House sales dropped by 1.9 percent - or 26,669 units - in 2019, compared to the previous year, according to TÜİK data.

Nearly 511,700 houses were sold for the first time while the remaining were second-hand sales from January to December.

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