Latest News Headlines of Turkey
Russian markets on Monday posted negative signals amid tensions over Ukraine and the possibility of an armed conflict.
After ending last week at over 3,400 points, the MOEX Russia index hit 3,125 points for the daily low on Monday.
The index was around 3,180 points at 1325GMT.
Meanwhile, the US dollar/Russian ruble exchange rate stood at 78.5 after it hit 76.3 earlier Monday.
Earlier this month, the rate topped 79.
Source: Anadolu Agency
The Turkish central government’s gross debt stock totaled 2.8 trillion Turkish liras (around $214 billion) as of the end of January, according to official figures on Monday.
The Treasury and Finance Ministry said the figure jumped 55% from the same period last year.
The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.
Some 33% of the debt stock is denominated in Turkiye’s local currency, while the rest is in foreign currency, the ministry data showed.
While 1.35 trillion Turkish liras ($102 billion) of the debt was domestic, some 1.5 trillion liras ($112 billion) was external, it added.
The data also showed that as of Jan. 31, the stock of Treasury receivables totaled 20.8 billion liras ($1.6 billion).
The US dollar/Turkish lira exchange rate was around 13.30 at the end of this January.
Source: Anadolu Agency
Turkiye and Senegal have more than doubled their bilateral trade volume target to $1 billion, Turkish President Recep Tayyip Erdogan said on Monday.
“We will fortify our existing contractual structure with the agreements we will sign during my visit,” Erdogan told the Turkiye-Senegal Business Forum held in the Senegalese capital Dakar as part of his four-day mini-tour of Central and West Africa.
Erdogan praised “the excellent course” of Turkiye’s ties with Senegal, saying they carry key importance in West Africa.
Underlining that the previous bilateral trade volume target of $400 million was successfully achieved, Erdogan said: “Our target now is $1 billion. With our joint efforts, we will reach this figure in short order.”
The trade volume in 2021 jumped 42% year-on-year to $540 million despite the coronavirus pandemic, Erdogan highlighted, adding: “I hope we will move towards our goals very quickly in the coming period without losing this momentum.”
He stressed the need to put new mechanisms into practice while utilizing existing opportunities to enhance economic ties between the two countries.
Thanks to its geographical location and influence in the region, Senegal is an export gateway to West African countries, Erdogan noted, adding: “On the basis of the win-win principle, cooperation channels set especially in the fields of production, agriculture, tourism, textile, industry, energy, food, and health will benefit the entire region.”
After Senegal, Erdogan is scheduled to visit the West African country of Guinea-Bissau.
Source: Anadolu Agency
By Trend President of Turkey Recep Tayyip Erdogan will leave on Sunday for a four-day tour to three African countries upon the invitation of his counterparts, the Turkish Communications Directorate announced on Saturday, Trend reports citing Daily Sabah. Erdoğan is set to visit the Democratic Republic of the Congo (DRC), Senegal and Guinea-Bissau on Feb. 20-23, a directorate statement said. The visit will focus on all aspects of bilateral relations and opportunities for improving cooperation between Turkey and these countries in all fields, the statement added. During his visit to Senegal’s ca… Continue reading “Turkish President Erdogan to begin 4-day African tour on Sunday”