Economy of Africa

Russia has signaled that it can end the implementation of the grain deal if the problems in front of the export of Russian products through the Black Sea remain until May 18.

U.N. Secretary-General Antonio Guterres on Oct. 28 called on "all parties" to "make every effort" to extend the agreement on Ukrainian grain exports, including facilitating shipments of Russian grain, his spokesman said.

U.N. Secretary-General Antonio Guterres on Aug. 20 thanked Türkiye for its "pivotal role" in the signing of the recent grain export deal.

His remarks came during a joint press conference with Turkish Defense Minister Hulusi Akar at the Joint Coordination Center. 

Data on electricity consumption, traffic of electronically tolled vehicles, registered unemployment, business tendency and other charts

Turk Eximbank on Dec. 23 signed a memorandum of understanding with the Eastern and Southern African Trade and Development Bank (TDB) to promote bilateral trade with African countries.

The deal will pave the way for Turkey to boost its goods and services exports to 22 member countries of TDB, according to a statement by the Turk Eximbank.

Turkey will attach more importance in 2020 to Africa, which possesses important potential, said Turkey's trade minister.

Market diversification is important for Turkey because the world faces trade wars and protectionism, Ruhsar Pekcan said.

House sale prices are projected to continue rising in 2020, as market professionals consider the existing momentum to be sustainable.

The average growth rate this year is already approaching 10 percent compared to 2018, although in the center of Athens, where demand is greatest, asking prices have risen by 30 percent.

Turkey's annual inflation rate increased in April, reaching its highest level in around nine years, as a result of a weak Turkish Lira in several sectors, according to official data released on May 3. 

Turkey's annual inflation rate increased in April, reaching its highest level in around nine years, as a result of a weak Turkish Lira in several sectors, according to official data released on May 3. 

The production of fruits, vegetables and cereals and other crops is expected to increase when compared with previous year, the Turkish Statistics Institute (TÜ?K) said on May 26.