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Turkey’s account deficit falls by $25 mln

Business Materials 12 March 2012 16:29 (UTC +04:00)

Azerbaijan, Baku, March 12 / Trend A. Taghiyeva /

Turkey's account deficit has fallen by $25 million to $5.9 billion in January 2012 compared to the same period of 2011, the Turkish Central Bank reported on Monday.

Turkey's revenues from tourism increased by $39 million to $972 million in January 2012 compared to January 2011. The tourism costs for the period decreased by $93 million to $272 million.

The country's income from investments increased by $50 million to $615 million compared to January 2011.

Nonresidents' investments in the economy increased by $375 million in January to $892 million.

Non-residents carried out transactions worth $556 million on the Turkish stock market.

During the year, the Turkish government's deposits increased by $863 million, and decreased by $2.671 million in January compared to the previous month.

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