Turkey’s short-term external debt stock fell by 0.5% m/m to USD 125.7bn at the end of February from USD 126.3bn at end-Jan, the Central Bank said on Tuesday.
The short-term external debt stock rose to USD 130.6bn at end-2013 from USD 100.5bn at end-2012, data showed.
The short-term debt of public sector -wholly composed of public banks- increased by 1.2% m/m to USD 17.5bn at end-February from USD 17.3bn a month ago (USD 17.6bn at end-2013), and the short-term debt of private sector declined by 0.8% m/m to USD 107.4bn from USD 108.25bn, the Bank said.
Banks’ short-term external debt stock decreased by 0.3% m/m to USD 87.5bn at the end of February from USD 87.7bn at the end of January. Short-term FX loans of the banks received from abroad increased by 0.8% m/m to USD 41.9bn from USD 41.6bn at end-January, the Central Bank said. Other sectors’ short-term external debt stock declined by 1% m/m to USD 37.4bn from USD 37.8bn at end-January.
Short-term external debt stock on a remaining maturity basis -calculated based on the external debt maturing within 1 year or less regardless of the original maturity- was at USD 162.3bn as of end-February, with private sector accounting for 85.5% of total stock, the Central Bank said. The figure stood at USD 166.7bn as of end-December, with private sector accounting for 84.8%, and at USD 162.8bn as of end-January, with private sector’s share standing at 85.2% of total stock.
Turkey’s March 21 announcement that it is to send a drill ship to waters off Cyprus could worsen a showdown over natural gas and oil deposits. US energy company ExxonMobil has already sent its ... more
Turkey’s industry and technology minister is expecting the country to post GDP growth of 7.5% for 2017. Government incentives and a strong contribution from domestic industries would secure the ... more
Turkey’s Demiroren Holding, an unlisted firm seen as backing President Recep Tayyip Erdogan, has agreed to buy the respected Hurriyet newspaper and broadcaster CNN Turk, an official of the holding ... more