Turkey's domestic debt stock amounted to $126.1 billion at the end of July, or 89.9 per cent of this year's projected GDP, according to figures provided by the treasury on 20 August. Out of the entire debt stock, $60.7 billion is domestic public debt. The remainder is private sector debt.

International rating agency Standard & Poor's (S&P) raised its long-term foreign currency ratings on the leading Turkish mobile telecommunications company Turkcell to 'B' from 'B-'. The move follows S&P's recent upgrade of Turkey's rating to 'B' from 'B-'.