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Erdoğan says Turkey’s natural gas reserves in Black Sea now amount to 710 bcm

The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic meters (bcm) after a new...

$128 bln in missing forex reserves used to support Turks during pandemic: AKP MP

A deputy from the ruling Justice and Development Party (AKP) has claimed that $128 billion in forex reserves that were sold from the Turkish...

Fitch cuts rating of Turkey’s Halkbank, lowers outlook of state-run banks: report

Fitch Ratings has cut the Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) of Turkey’s state-run Halkbank, citing the nation’s declining foreign currency reserves and the risk of...

Turkish lira defense sends central bank reserves to lowest level in year despite borrowing: report

Turkey’s defense of the lira sent central bank net international reserves to the lowest level since last May even after it borrowed a record amount of...

Turkey’s central bank transfers TL 40.5 billion to Treasury

The Turkish Central Bank has transferred TL 40.5 billion ($6.84 billion) to the Treasury after the government announced on Friday that December’s budget deficit represented the biggest...

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