During the last two weeks, the Turkish economy was highlighted by the following items:
- Budget deficit reached a level of TL2.3bn and Primary surplus posted a figure of TL2.3bn in Feb10.
- A package of constitutional amendments drafted by the AKP Gov’t and mainly focused on juridical matters will be submitted to the Parliament soon.
- Central Gov’t Debt stock increased to TL453bn as of month-end Feb10, up by 12%m/m in nominal terms.
- Several Banks roll-overed their 1-year FX syndicated loans at 1.50% above benchmark rates.