Türkiye

Türkiye's external assets remained almost flat at $308.6 billion as of the end of October compared with the end of last year, the data from the Central Bank have shown.

Liabilities against nonresidents fell by 3.5 percent to $603.5 billion over the same period.

Defense Minister Yaşar Güler has expressed optimism about the ongoing negotiations with the United States regarding Türkiye's request to purchase new F-16 fighter jets and modernization kits.

Güler announced that technical meetings between the two nations have been successfully concluded, emphasizing Türkiye's expectation for positive and concrete steps in the near future.

Treasury and Finance Minister Mehmet Şimşek has held a meeting in Spain with representatives of Spanish companies and the finance industry.

"Our international investor meetings continue in Spain," Şimşek wrote on the social media platform X, formerly Twitter.

Türkiye's current account posted a surplus for the second consecutive month in October, the data from the country's Central Bank have shown.

The current account produced a surplus of $186 million in October, which came on top of the $1.91bn surplus in the previous month.

Defense Minister Yaşar Güler has underscored Türkiye's continued interest in acquiring Eurofighter jets, asserting that they remain a compelling alternative despite recent disagreements with Germany over the potential purchase.

President Recep Tayyip Erdoğan has declared Türkiye's intention to continuing its collaboration with Qatar in a bid to achieve lasting peace in the turbulent Middle East, particularly amid the ongoing conflict between Israel and Palestinian militant group Hamas.

Türkiye's top diplomat Hakan Fidan is scheduled to meet with U.S. Secretary of State Antony Blinken as part of a high-profile visit by a delegation jointly designed by the Organization of the Islamic Cooperation (OIC) and the Arab League.

The delegation dubbed "contact group" comprises foreign ministers from Türkiye, Egypt, Qatar, Palestine, Jordan, Indonesia and Nigeria.

Cultural expenditures in Türkiye increased by 88.1 percent in 2022 compared to 2021 to reach 149.6 billion Turkish Liras. 

Cultural expenditures accounted for 1 percent of the country's national income last year, the data from the Turkish Statistical Institute (TÜİK) showed. 

Türkiye's top security board (MGK) has reiterated Ankara's continued support to the efforts for reaching a lasting peace and stability in the Caucasus through a permanent deal between Armenia and Azerbaijan and the normalization process between Türkiye and Armenia.

Foreign Minister Hakan Fidan has reiterated Türkiye's proposal for a guarantor mechanism to safeguard the ceasefire between Israel and Hamas, arguing that it would play a crucial role in preserving the delicate truce and preventing violations by either party.