ILEA001225858: Türkiye posts 3.67-bln-USD current account deficit in Nov.

Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May

STORY: Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May SHOOTING TIME: Earlier footage DATELINE: June 27, 2024 LENGTH: 00:01:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. various of tourists in Istanbul STORYLINE: Türkiye's Istanbul received nearly 7 million foreign visitors in the first five months of this year, setting a new record for foreign arrivals, according to data released by the Culture and Tourism Ministry on Wednesday. The data showed that the number of foreign visitors to Istanbul increased by 10.31 percent compared to the same period of the previous year. The metropolis welcomed 1.7 million foreign travelers in May alone, marking an 11.48 percent rise from last year and the highest number for the month. In May, the largest number of visitors to Istanbul came from Russia, followed by Germany, the United States, and Iran, according to the data. Meanwhile, in separate data, the ministry reported that from January to May,

Japan to respond appropriately, any time to excessive yen moves: currency official

STORY: Japan to respond appropriately, any time to excessive yen moves: currency official SHOOTING TIME: June 20, 2024/Earlier footage DATELINE: June 25, 2024 LENGTH: 00:02:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Japan 3. various of Tokyo Stock Exchange 4. various of Nikkei stock index STORYLINE: Japan stands ready to take appropriate steps against volatile currency moves at "any time," the country's top currency diplomat said Monday, as the yen neared the 160 line against the U.S. dollar, a level that previously prompted authorities to intervene in the market. Masato Kanda, vice finance minister for international affairs, warned that excessive yen fluctuations negatively affect the economy. "We are ready to take appropriate action at any time," he told reporters. The yen's weakness persists after the Bank of Japan's decision this month to hold off reducing bond-buying stimulus until its July meeting. The yen weakened to 159.94 per U.S. doll

France's investments in Egypt amount to 7.2 bln USD: Egyptian PM

STORY: France's investments in Egypt amount to 7.2 bln USD: Egyptian PM SHOOTING TIME: June 24, 2024 DATELINE: June 25, 2024 LENGTH: 00:00:49 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the cabinet headquarters 2. various of the meeting STORYLINE: In a meeting with a delegation of the French Chamber of Commerce and Industry and representatives of French companies working in Egypt on Monday, Egypt's Prime Minister Mostafa Madbouly stated that French investments in Egypt amounted to about 7.2 billion U.S. dollars through 940 French companies in the country. During the meeting, Mostafa Madbouly reviewed the projects implemented by these companies in Egypt, their future plans, and their proposals to develop their investments in Egypt. The Prime Minister expressed hope for French companies to increase their investments in Egypt, particularly in sectors like transportation, especially metro projects. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

Egypt expects 2 bln USD in revenue from expat customs-free car import initiative

STORY: Egypt expects 2 bln USD in revenue from expat customs-free car import initiative SHOOTING TIME: June 20, 2024 DATELINE: June 21, 2024 LENGTH: 00:00:58 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Finance Minister Mohamed Maait 2. various of an Egyptian port 3. various of new cars STORYLINE: Egyptian Finance Minister Mohamed Maait said on Thursday that the applications registered by expats, with an aim of benefiting from the zero-customs car import initiative, push expectations to about 2 billion U.S. dollars in revenue. The minister said that more than 250,000 "import approvals" have been issued, and over 35,000 imported cars have been released so far. The initiative allows expatriates to bring one personal-use vehicle to Egypt without incurring customs duties or taxes, including the value-added tax (VAT). Egyptians living abroad should make a five-year bank deposit in foreign currency. After five years, expatriates can withdraw their money in Egyptian pounds accor

Istanbul's number of tourists breaks record, signaling promising year

STORY: Istanbul's number of tourists breaks record, signaling promising year SHOOTING TIME: June 4, 2024 DATELINE: June 5, 2024 LENGTH: 00:02:23 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. SOUNDBITE 1 (Turkish): HAMIT KUK, Chief adviser to TURSAB president 3. various of Istanbul 4. SOUNDBITE 2 (Turkish): HAMIT KUK, Chief adviser to TURSAB president 5. various of Istanbul 6. SOUNDBITE 3 (Turkish): YILDIRIM TAS, TURSAB board member 7. various of Istanbul airport STORYLINE: Türkiye's bustling city Istanbul set a record high by welcoming 5.2 million foreign visitors in the first four months of this year, signaling promising prospects for the country's ambitious goal of tourism for this year. Istanbul's unique allure has resulted in a notable 10-percent increase in visitors during the January-April period compared with last year, according to data from the Ministry of Culture and Tourism. The ministry's recent data also revealed that the number of foreign tourists i

Türkiye's annual inflation exceeds 75 pct in May

STORY: Türkiye's annual inflation exceeds 75 pct in May SHOOTING TIME: June 2-3, 2024/Archives DATELINE: June 4, 2024 LENGTH: 00:01:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in Istanbul, Türkiye (Shooting date: May 17, 2024) (courtesy of ihlas news agency) 2. various of people at a discount cafe in Samsun, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) 3. various of people at a fish bazaar in Düzce, Türkiye (Shooting date: June 3, 2024) (courtesy of ihlas news agency) 4. various of people shopping in Safranbolu, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate rose to 75.45 percent in May, the highest since November 2022, reaching the peak expected by the government and economists, according to official data released on Monday. Consumer prices rose by 3.37 percent in May, compared to an increase of 3.18 percent in April, as per data from the Turkish Statistical Institute. The highe

Tokyo consumer inflation accelerates in May

STORY: Tokyo consumer inflation accelerates in May SHOOTING TIME: recent footage DATELINE: June 3, 2024 LENGTH: 00:00:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Core inflation in Tokyo continued to rise in May as utility costs expanded, government data showed. The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 1.9 percent in May from a year earlier, accelerating from a 1.6 percent rise in April, according to the internal affairs ministry. Seen as a leading indicator of nationwide trends in Japan, the Tokyo data released on Friday stood below the Bank of Japan's 2-percent target. The acceleration was largely pushed up by utility costs related to renewable energy promotion, as electricity bills increased for the first time in 16 months by rising 13.1 percent year on year. Meanwhile, prices of food excluding fresh items rose 3.2 percent, unchanged from the previous month. Xinhua News Agency correspondent

India's GDP grows by 8.2 pct

STORY: India's GDP grows by 8.2 pct SHOOTING TIME: June 1, 2024 DATELINE: June 2, 2024 LENGTH: 0:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of fuel station 4. various of the Reserve Bank of India STORYLINE: India's gross domestic product (GDP) growth during the previous financial year from April 2023 to March 2024 recorded a jump of nearly 1.2 percent from a year earlier, according to data released by the federal Ministry of Statistics and Program Implementation on Friday. The country's GDP grew 8.2 percent for the full year, and 7.8 percent during the last quarter (January-March 2024) of the financial year, it said. According to media reports, the GDP growth was better than what most economists had predicted. The Reserve Bank of India had forecasted a 6.9-percent growth in real GDP for the fourth quarter of the financial year 2023-2024, with a full-year projection of 7.6 percent. Xinhua News Agency correspondents reporting from N

India's forex reserves fall to 646.67 bln USD

STORY: India's forex reserves fall to 646.67 bln USD SHOOTING TIME: Archives DATELINE: June 2, 2024 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the Reserve Bank of India 2. various of banks 3. various of a market STORYLINE: India's foreign exchange (forex) reserves dropped by over 2 billion U.S. dollars during the week ended May 24, the country's central bank, the Reserve Bank of India, said in a weekly bulletin on Friday. The forex reserves stood at 646.67 billion dollars, a drop after gaining a total of 10.8 billion dollars in the previous three weeks, The Hindu newspaper said in a report. The country's foreign currency assets stood at 567.499 billion dollars, while the gold reserves stood at 56.713 billion dollars, said the central bank bulletin. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Turkish economy grows by 5.7 pct in Q1

STORY: Turkish economy grows by 5.7 pct in Q1 SHOOTING TIME: Recent footage DATELINE: June 1, 2024 LENGTH: 00:01:36 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of an engine factory in Türkiye (courtesy of ihlas news agency) 2. various of textile factories in Türkiye (courtesy of ihlas news agency) 3. various of Türkiye's Treasury and Finance Minister Mehmet Simsek 4. various of an iron products factory in Türkiye (courtesy of ihlas news agency) 5. various of construction sites in Türkiye (courtesy of Hatay Municipality) STORYLINE: The Turkish economy grew 5.7 percent year-on-year in the first quarter of 2024, slightly above expectations, according to official figures on Friday. Thus, the Turkish economy has grown for 15 consecutive quarters since the second quarter of 2020, when COVID-19 pandemic measures were implemented, the data released by the Turkish Statistical Institute shows. Despite the ongoing monetary tightening policy, household consumption accelerated in the run-up to the local e

Türkiye posts 3.67-bln-USD current account deficit in Nov.

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