Economic crises

The gross debt stock of Turkey's central government stood at 1.46 trillion Turkish liras (around $223 billion) at the end of March, according to official figures released on April 20. 

The figure was 25.8% higher than the same month last year, the Treasury and Finance Ministry announced.

The outstanding short and long-term debt of Turkey's private sector fell in February, the country's Central Bank said on April 16.

The private sector's short-term overseas loans, excluding trade credits, were $7.7 billion in February, down by $1.4 billion compared to the end of 2019.

Turkey's Treasury and Finance Ministry announced on April 7 that the Treasury's cash balance last month saw a deficit of 40.4 billion Turkish liras ($6.1 billion).

In March, the Treasury's cash revenues amounted to nearly 53.9 billion Turkish liras ($8.15 billion), showing a 21% decline on a yearly basis.

The Greek housing market has doubtlessly slowed down this year, with the sale price growth rate declining for six consecutive months. Based on data from the first quarter of 2020, the slowdown marks are clear, as most areas observed a lower pace of price growth compared to the fourth quarter of last year.

The gross debt stock of Turkey's central government stood at 1.4 trillion Turkish Liras (around $225.8 billion) as of Feb. 29, official figures showed on March 20.

The figure was 25 percent up from the corresponding period last year, the Treasury and Finance Ministry announced.

Turkish President Recep Tayyip Erdogan on Wednesday announced an economic package worth 100 billion liras (14.3 billion euros) to tackle the impact of the coronavirus outbreak on the Turkish economy.

Erdogan said that the Turkish government will do everything it can to protect the country's economy and businesses.

House prices last year rose at the highest rate recorded since 2006, according to Bank of Greece data released on Wednesday, in a clear indication of the recovery of both the market and the economy in general.

The Turkish Treasury borrowed nearly 3.4 billion Turkish liras (around $571 million) from domestic markets, the Treasury and Finance Ministry announced on Jan. 27.

Retail prices in Istanbul, Turkey's largest city, increased 1.07 percent in June from the previous month, data from the Istanbul Chamber of Commerce (İTO) have shown.

That followed a 0.45 percent increase in November.

Turkey saw an annual hike of 8.55% in consumer prices in October, official figures showed on Nov. 4.