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Important News

Short-Term External Debt Stock as of the End of February Reached $123 Billion

Macro Indicators

4/17/2018

The short-term external debt stock increased by 5% in 2 months compared to the year-end 2017. The majority of public short-term debt is made up of public banks, and reached $24.5 billion with a 11.5% increase compared to the year-end 2017, while the short-term external debt of the private sector reached $98.2 billion with a 3.5% increase

Total Debts of the Private Sector for Credits Provided from Abroad Reached $ 247 Billion as of the End of February 2018

Loans

4/17/2018

Credit debts of the private sector displayed an increase of $ 8.1 billion in 2 months since the beginning of the year. Long term debts reached $ 227.9 billion as of the end of February and short term debts to $ 19 billion. Taking a look at the distribution of long term debts in terms of countries, it is observed that European countries rank the first with an amount of $ 116 billion, followed by Asian countries with $ 40.7 billion and USA with $ 27 billion

Turkish Statistical Institute (TÜİK) Disclosed the Unemployment Figures for the Month of January 2018

Macro Indicators

4/16/2018

The unemployment rate is recorded as 10.8 percent - The number of unemployed people realized as 3 million 409 thousand in January decreasing by 576,000 people compared to the same period last year…

OMV Increased Paid In Capital of OMV Samsun Electricity A.Ş. to TL 2.5 Billion

Company News   Natural Gas

4/12/2018

OMV Samsun Electricity Director General Öztürkmen, "Increase in electricity demand will continue in parallel to economic growth. In next ten years, electricity consumption expected to grow by about 4% each year."

The Current Account Deficit Realized as $ 4 Billion 152 Million in February

Macro Indicators

4/11/2018

The current account deficit having increased by $ 1.6 billion compared to February last year reached $ 4 billion 152 million in February. The 12-month current account deficit has thus reached $ 53.3 billion as of February 2018

IMF, Global Financial Stability Report

Reports   Abroad

4/11/2018

“Credits allocated to firms display an increase when financial conditions are looser. Loose financial conditions result with the allocation of riskier credits. An increase in the riskiness of credit allocation signals heightened downside risks to GDP growth and a higher probability of banking crises.“

Ziraat Bank Secured USD 1.4 Billion Syndication Credit

Company News   International Relations   Other News

4/10/2018

Ziraat Bank Deputy Director General Kuru, "This borrowing has been the highest amount syndication credit secured by a Turkish bank at one time. Total cost of credit of USD 452 million and 797 million euro, has been for one year term Dollar LIBOR+130 base point and for Euro EURIBOR+120 base point."

IMF’s World Economic Outlook Report

Reports   Abroad   Research

4/10/2018

"Demographic structure of developed countries has been the most important element affecting the participation to work power. Immigration policies have to be regulated so as to support labor supply. Labor force income disparity originates from income imbalance among all sectors. Policies inclusive of all sectors have to be pursued. Globalization maintains the dispersing of technology and growth among countries."

Turkey Grew by 7.4% in 2017

Macro Indicators

3/29/2018

Share of household consumption spending in GDP has been 59.1%, Share of State in final consumption expenditures 14.5%. Share of fixed capital formation has been 29.8% Deputy Prime Minister Şimşek, "In 2017, growth has been realized on domestic demand basis, net foreign demand has limited positive contribution on growth. Annual 11.7% real increase of machinery-equipment investments in the second half of year, supports the growth Outlook in the forthcoming period."

Yapı Merkezi Chairman Başar Arıoğlu "We Will Achieve Traffic Guarantee for the Eurasia Tunnel by the End of the Year"

Highways   Company News   Build-Operate-Transfer (BOT)

3/28/2018

Yapı Merkezi General Director Özge Arıoğlu: "Yapı Merkezi İnşaat ve Sanayi A.Ş. ranks ninth among the rail transport systems in a study conducted by the American ENR Magazine to determine the world's top 250 international contracting companies. We are among the top 100 globally"...

Akbank Takes Out $1.2 Billion of Syndication Loan

Loans

3/28/2018

Akbank General Director Binbaşgil: "We are proud to conduct the transactions that reveal the increasing interest of foreigners in the Turkish banking industry. The demand we have collected has reached $1.5 billion, surpassing 130 percent of the amount that we aimed."

TCDD, Ankara-Sivas High Speed Train Project

Railways   Civil Works

3/26/2018

The initial railing ceremony for the line has been held with the participation of Transportation, Maritime Affairs and Communication Minister Ahmet Arslan Minister Arslan: “We will put Ankara-Kırıkkale-Yozgat-Sivas line into service in 2019.”

Annual Report