Turkey’s central government debt falls slightly to EUR 195bn at end-February.

By bne IntelliNews March 21, 2014

Turkey’s central government gross debt stock declined to TRY 600bn (EUR 195bn) at the end of February from TRY 602.5bn at the end of January, the Treasury said on Thursday.

TRY 407.1bn of the debt stock is denominated in local currency and TRY 192.9bn is denominated in foreign currencies. Domestic debt stock increased to TRY 407.1bn from TRY 406.3bn while external debt stock declined to TRY 193bn from TRY 196.2bn. The central government gross debt stock stood at TRY 585.5bn (domestic debt: TRY 403bn and external debt: 182.1bn) at the end of 2013.

Separately, the Treasury said a Grant Agreement for USD 669,875 provided by the United States Trade and Development Agency (USTDA), regarding the financing of a feasibility study on the 17 Megawatt (MW) Seyhan Hydrokinetic Power Project, was signed. The Grant will be utilized for the partial financing of the cost of goods and services required for a feasibility study on the Project which will be implemented by the Electricity Generation Company of Turkey.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Four Turkish companies reportedly consider IPOs in London or Istanbul

Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more

Turkey bars entry to thousands from more than 140 nations over suspected IS ties

Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Most Read

  1. Siemens considers quitting Russia
    6 days ago
  2. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    7 days ago
  3. Turkey sends frigates, submarine as row mounts over Greek Cypriot oil, gas drilling
    7 days ago
  4. Nato still has a mixed reception in Emerging Europe
    6 days ago
  5. Wildfires hit Croatia and Montenegro’s Adriatic coast
    2 days ago
  1. CHINA RISING: When sleeping giants meet
    10 days ago
  2. Belarus’ retail king Euroopt goes on the road
    15 days ago
  3. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    28 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    18 days ago
  5. Siemens considers quitting Russia
    6 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss