BNP Paribas in Turkey News & Press
News & Press
January 6, 2010 -

The Turkish Bulletin – January 5th 2010

Forward to a friendForward to a friend PrintPrint

During the last two weeks, the Turkish economy was highlighted by the following items:

  • CPI index rose by 0.5%m/m in Dec09, implying a 6.5%y/y increase.
  • Foreign Trade deficit increased for the first time this year while Exports fell by 5.2%y/y in Nov09.
  • IMF: Prime Minister Erdogan stated that the Fund has accepted Turkey’s conditions for signing an agreement. State Minister Ali Babacan declared that it could take the form of a two-year stand-by agreement. The markets reacted favourably even on the last day of the year despite getting used to such occasional announcements from the Gov’t.

The Turkish Bulletin – January 5th 2010 (111 ko)