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Nebati Commits to Economic Model, Tourism Arrivals Rise 21.35% in February

TURKEY
  • In a statement on the Turkish Economy Model, Minister of Treasury and Finance Nabati said, "We are moving forward with determination for the development of our country and for increasing the welfare level of our people." Nebati added that his vision of the "Century of Turkey" has not been abandoned and said, "With our Turkish Economy Model, we are resolutely moving forward for the development of our country and increasing the welfare level of our people."
  • Turkey's tourism arrivals rose 21.35% y/y in February compared to +56.5% in January, data released by the Turkish Culture & Tourism Ministry this morning showed.
  • Turkey has a new opportunity for EU membership as the EU’s current focus is security, which means a newly constructed relationship with NATO, Germany’s former Foreign Minister Joschka Fischer said in an interview with the Daily Milliyet. Turkey’s answers to the question of whether the country is positioning itself as an eastern or western state has a critical importance in terms relations with the EU, he added.
  • Bloomberg report that the central bank posted a net income of TRY72bln ($3.8b) in 2022, up from TRY57.5bln a year earlier, according to its balance sheet published in the official gazette. The central bank will hold its AGM on March 28.
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