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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s current account deficit narrowed by $13.6 billion last year largely thanks to low energy prices, the Central Bank said on Feb. 11
Deputy PM Ali Babacan takes umbrage again with politicians’ criticisms of the Central Bank’s interest rate policies, saying they hurt the country
The fall in the Turkish current account deficit last year demonstrates the economy’s capacity for rebalancing, Fitch Ratings said by a written statement on Feb. 12.
ISTANBUL - Anadolu Agency
The depreciation of the Turkish Lira against the greenback will not hamper Istanbul’s planned third airport, Prime Minister Ahmet Davutoğlu said as he inspected the construction site of the giant, controversial project on Feb. 12
ISTANBUL - Doğan News Agency
Turkey’s image in foreign press has not been positive for the last 1.5-2 years, but the country’s turn with the G-20 presidency provides a good opportunity fix this, said Deputy PM Ali Babacan
Turkey’s state subsidies and economic incentives are centered on a few cities and the existing system does not cover less developed cities, the Turkish Young Business Association (TÜGİAD) said in written statement Feb. 12.
Turkey’s current account deficit has narrowed to $45.84 billion, shrinking by $18.82 billion from last year, in line with expectations, data from the Central Bank showed on Feb. 11.
Greece’s new anti-austerity government failed to reach a deal with its European partners early Feb. 12 on renegotiating its huge bailout, with talks now set to go down to the wire next week.
ATHENS - Agence France-Presse
Greek Prime Minister Alexis Tsipras on Feb. 11 announced plans to work with the OECD to draft a programme of reforms to boost growth in the debt-laden country, which is hoping to renegotiate its bailout commitments
BRUSSELS - Agence France-Presse
The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion dollars that could be a "turning point" for Kyiv, Christine Lagarde said Feb. 12.
The currency has hit record lows for weeks as government officials make repeated calls for the Central Bank to cut Turkish interest rates
ANKARA - Anadolu Agency
The global demand for gold dropped to its lowest level in five years last year, the World Gold Council stated in a report released on Feb. 12.
Central Bank Governor Erdem Başçı, who has recently been criticized by many political figures for not cutting the Bank’s rates, moved on Feb. 7 from his public lodgings
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