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The foreign exchange reserves of the Central Bank of Turkey have reached a historic high
The foreign exchange reserves of the Central Bank of Turkey have reached a historic high
December 25, 2023
According to the Central Bank of Turkey, the Central Bank's foreign exchange reserves currently amount to a record $ 142.5 billion, an increase of $1 billion. $154 million compared to the previous week. Gold and foreign exchange reserves also increased by $265 million: from $46 billion 864 million to $47 billion. 129 million dollars. The increase in total reserves from the end of May to December 15, 2023 amounted to 44.8%.
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September 23, 2024
Türkiye increases purchases of Western LNG: new contract with TotalEnergies.
Turkey s state-owned energy company Botas has signed a new long-term contract with France s TotalEnergies for the supply of 16 cargoes of liquefied natural gas (LNG) per year. The agreement will come into force in 2027 and is designed for 10 years, providing Turkey with an additional 1.6 billion cubic meters of gas annually.
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September 23, 2024
TOP countries for wind power generation: Türkiye in the TOP-15.
Amid the global shift to renewable energy, countries around the world are rapidly expanding their wind power industries. According to the latest data, China holds a solid lead with an installed wind turbine capacity of 441,895 megawatts.
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September 2, 2024
Turkey's economic growth in the second quarter of 2024
Turkey's Federal Statistical Office reported that the country's economy grew by 2.5% in the second quarter of 2024. Significant growth was recorded in the services sector (7.4%) and construction (6.5%).
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September 2, 2024
Turkey's Finance Ministry to Reveal Names of Major Tax Debtors
Finance and Treasury Minister Mehmet Simsek said the names of taxpayers with tax arrears and fines of 5 million lira or more will be made public. Those who do not want to be on the list of "tax debtors" will have to pay off their debts by the end of September 2024. Taxpayers from earthquake-hit areas will be excluded from the measure.
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