During the last two weeks, the Turkish economy was highlighted by the following items:
- Foreign Trade deficit increased for the second time in 09 by 34%y/y while Exports rose by 30%y/y in Dec09 to US$10bn.
- JCR (Japanese rating agency) upgraded the Country’s credit rating to BB from BB-.
- Dogan Holding won the court case regarding the TL914mn tax claim.
- IMF: no concrete development. Statements from Prime Minister, CBT Governor and some other AKP Ministers keep on monitoring the markets.