Conexio consulting

Turkey runs $1.64-bln budget surplus

Turkey’s government ran a budget surplus of 3.6 billion Turkish Liras ($1.2 billion) in August and 4.9 billion liras ($1.64 billion) in January-August, said Finance Minister Naci Ağbal on Sept. 19. “Public finance is the main anchor that the foundation of the solid Turkish economy rests on,” he said in a statement. The government revenues […]

Turkish economy grows 4.8 percent in first quarter

Turkey’s economy grew a larger-than-expected 4.8 percent in the first quarter of 2016, official data showed on June 10, outperforming major emerging markets peers, as wage hikes and spending by Syrian migrants fueled private consumption, according to analysts. Deputy Prime Minister Mehmet Şimşek said the figures showed the economy was on a strong path and […]