Ford drives hike in car production in Romania
5 days ago
Turkey’s exports increased by a sharp 31.2% y/y to $11.5bn in July, data from the Turkish Exporters’ Assembly (TIM) showed on August 1.
According to TIM data, exports to Russia jumped 96% y/y to $211mn in June while shipments to Germany rose by 28% y/y to $1.2bn in the month. The EU, the largest export market for Turkish companies, increased its imports from Turkey by 29% y/y to $5.8bn and exports to the Middle East were up 34% y/y to $1.9bn.
The automotive industry’s exports rose by 41.1% y/y to $2.4bn while the country’s ready-wear export revenues increased by 19% y/y to $1.4bn.
In the first seven months of the year, the country’s export revenues stood at $88.9bn, a 10.7% increase from a year earlier.
The government is targeting $153bn in export revenues this year. But Economy Minister Nihat Zeybekci said on July 25 that the country’s exports could exceed $155bn.
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Data
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Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
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