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

Despite local elections defeat Erdogan “remains in control” at head of “super-executive regime”, says analyst

Despite his AKP party’s defeat in the weekend’s local elections, Turkish President ... more

Upcoming local elections in Turkey neither free nor fair says EU-Turkey Civic Commission

The upcoming March 31 local elections in Turkey will be neither free nor fair, according to the EU-Turkey Civic Commission (EUTCC), a non-governmental organisation (NGO) backed by Kurdish groups. ... ... more

Turkish footwear manufacturers step up investments in Uzbekistan’s leather and footwear industries

Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    9 days ago
  3. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  4. PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
    7 days ago
  5. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    24 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    29 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    22 days ago

Reports

Dismiss