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Saturday, December 14, 2019

Turkey could achieve greater stability in 2020: Fitch

ANKARA Turkey could experience greater stability in 2020, said the credit ratings agency Fitch on Friday. "Fitch expects the recovery and rebalancing of the economy to continue, with growth strengthening, inflation...

Erdogan calls for using Turkish lira instead of dollar

ANKARA President Recep Tayyip Erdogan on Tuesday called on citizens to use the Turkish lira instead of the U.S. dollar in transactions. "Let us not use dollars. Let's turn to Turkish...

Turkey’s Borsa Istanbul ends week up

ANKARA Turkey’s benchmark stock index ended the day up 1.54% points to close at 105,379.71 points on Friday. Borsa Istanbul's BIST 100 index started the day at 104,474.89 points. As of...

Moody's rises Turkey's growth rate forecast

ANKARA   International credit ratings agency Moody's on Thursday upgraded Turkey's economic growth forecast owing to the country's growth-friendly fiscal policy. "Turkey's recovery is stronger than previously expected, but aggressive stimulus and...

IMF: Turkey's economic challenges could be solved domestically

ANKARA / BERLIN  Although Turkey’s vulnerabilities remain high, they can be solved domestically if the right policies are put in place, Donal McGettigan, the IMF's mission chief to Turkey has...

Fitch Ratings upgrades Turkish banks' outlooks

ANKARA Credit ratings agency Fitch has upgraded the outlooks of 20 Turkish banks to stable from negative. The move follows a similar upgrade of the outlook on Turkey's long-term issuer default...

Turkey: September inflation rate hits 3-year low

ANKARA Turkey just posted the lowest inflation rate it has seen in the last three years, the treasury and finance minister said Monday. "The steps we have taken to fight inflation...

Fitch revises Turkey's outlook from negative to stable

BERLIN  Credit ratings agency Fitch revised Turkey's outlook from "negative" to "stable" on Friday and affirmed its “BB-“ rating. The agency also revised up its GDP forecast for 2019 by 0.8...

Turkey's exports to Balkans nearly hit $10B

ISTANBUL  Turkey saw a total of $9.8 billion export to Balkans in the first nine months of 2019, a 3.7% increase compared to the same period last year, according to...

Latest article

Turkish official slams US resolution on Armenian events

ANKARA Turkey’s energy and natural resources minister Thursday lashed out at the U.S. resolution recognizing Armenian claims of 1915 events. "I hope that they would return...

Turkey lashes at US resolution on 1915 Armenian events

ANKARA  The latest U.S. moves, the sanctions bill and the resolution recognizing Armenian claims of 1915 events, jeopardize the bilateral relations with Turkey, a top...

US Senate passes Armenia resolution

WASHINGTON  The U.S. Senate unanimously passed Thursday a resolution that recognizes the so-called Armenian genocide. "Our resolution to recognize and commemorate the #ArmenianGenocide just passed the...

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