News archive of May 2024

Some 550 billion Turkish Liras were withdrawn from the system after reserve requirement ratios for Turkish lira deposits and FX-protected deposits (KKM accounts) were raised, the Central Bank has said.

According to Reuters, a US official has confirmed that the United States has granted Ukraine permission to utilize weapons provided by the US to target Russian territory, specifically in the vicinity of the heavily bombarded Ukrainian city of Kharkiv. This decision marks a significant shift in President Joe Biden's previous stance, where he had consistently opposed such actions.

BELGRADE - The Serbian dinar's official median exchange rate against the euro is 117.1015 dinars for one euro on Friday, which is a slight change from Thursday, the National Bank of Serbia said.

The dinar is steady against the euro m-o-m and up by 0.1 pct y-o-y and relative to the beginning of the year.

The sexual assault of Artemisia & her unthinkable trial

The combined net income of Turkish banks increased by 32 percent in the first four months of 2024 from a year ago to 190.7 billion Turkish Liras ($5.94 billion), show data from the Banking Regulation and Supervision Agency (BDDK).

Total assets in the banking industry grew by 11.4 percent compared with the end of 2023 to reach 2.69 trillion liras as of April.

“We support public education first & foremost”

The Turkish economy grew by 5.7 percent in the first quarter of 2024 from a year ago, accelerating from the 4 percent of expansion in the final quarter of 2023, data from the Turkish Statistics Institute (TÜİK) have shown.

The quarterly growth of the Turkish economy quickened from 1 percent to 2.4 percent.

Chief Associate Dr. Anastasia Stoycheva from NIMH predicts a warm June in Bulgaria with temperatures above the usual climatic norms. She anticipates no heavy rain on Children's Day tomorrow, but a new cyclone approaching the Balkans will likely bring rain across the country in the afternoon hours during the upcoming week.

Ship traffic in Turkey's Bosphorus Strait is set to resume for southbound vessels as of 0700 GMT on Friday, after a suspension due to an engine failure on one vessel, the Tribeca shipping agency said.

The Liberia-flagged cargo ship Cornelia had resumed sailing after a brief engine failure, according to a report shared by the agency. [Reuters]

Slovak Prime Minister Robert Fico has been discharged from the hospital in Banska Bystrica, where he was recovering from an assassination attempt, according to Slovak media reports cited by Reuters. Fico was transported to his apartment in Bratislava following his release from the hospital.