TURKISH AIRLINES TOPS FOREX DEFICIT POSITION LIST

Turkish Airlines has topped the list of companies with the highest forex deficit position among those publicly traded on Borsa Istanbul, according to the balance sheets of companies in the first quarter of the year. THY’s net forex deficit position stands at TRY 57.1 billion compared to TRY 45.6 billion in the last quarter of 2019. Euro constituted TRY 49.4 billion of the company’s forex debt, while the share of Japanese Yen amounted to TRY 12.5 billion.