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BGC Partners: TURKEY - Turkey produced a C/A deficit of US$1.8bn in January 2020, slightly better than expectations…
We should note that the CBT has significantly revised the Balance of Payments statistics, as expected. One major changes is reflection of the new international trade services statistics, which has raised Turkey’s services income in 2019 by US$4.7bn for example, mainly via the transport channel. The other change is the adoption of the general trade system (vs. the old specific trade system), which has lowered Turkey’s goods trade deficit in 2019 by US$2.1bn for example.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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