The central government central government gross debt stock rose by 1.4% m/m and 10.1% y/y to TRY 585.7bn (EUR 193bn) at end-2013 from TRY 577.9bn at end-Nov and TRY 532.2bn at end-2012, data of the Treasury showed on Monday.
TRY 403bn of the debt stock is denominated in local currency and TRY 182.7bn is denominated in foreign currencies, the Treasury said.
Domestic debt stock declined to TRY 422.2bn at end-2013 from TRY 428bn at end-November while foreign debt stock rose to USD 85.6bn from USD 85.5bn, data also showed.
The central government debt stock stood at TRY 518.4bn at end-2011.
Turkish President Recep Tayyip Erdogan received a warm welcome from his Polish peer Andrzej Duda on October 17, as Warsaw said it supported Ankara’s formally ongoing bid to become a member of the ... more
Poland will skip no touchy topics in talks with President Recep Tayyip Erdogan, visiting Warsaw on October 17, the office of President Andrzej Duda said ahead of the visit by the Turkish leader, ... more
Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more