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Friday, April 3, 2020

Turkey to unveil 1st homegrown car prototype next week

KUALA LUMPUR/ANKARA Turkey will unveil the prototype of its first indigenous car on Dec. 27, the nation’s president said on Friday.  Erdogan’s remarks came in Malaysia where he attended Kuala Lumpur...

Turkey: Crude steel production at 31M tons in Jan-Nov

ISTANBUL Turkey's crude steel output was 30.9 million tons in January-November, a trade association said Tuesday. Crude steel production in the country dropped 10.4% the first 11 months of 2019 on...

'Turkey's growth continues to pick up steam'

ANKARA Leading indicators for the fourth quarter indicate that Turkey’s growth is picking up steam, the country's treasury and finance minister said Monday. "To achieve the 5% growth target, we will...

Turkey: Export-import coverage in 11 months nearly 87%

ANKARA  Turkey's export-import coverage ratio rose to 86.8% this January-November, up from 75.6% in the same period last year, said Turkey's trade minister on Monday. "Our exports in November totaled $16.2...

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...

Latest article

Italy, Spain thank Turkey for medical aid

ROME Italy and Spain’s foreign ministers thanked Turkey on Wednesday for helping their countries combat the novel coronavirus. “Today's help is very important to us. We...

COVID-19: Spain’s daily death toll climbs to nearly 400

OVIEDO, Spain Coronavirus continues to devastate Spain, with the official death toll surging by nearly 400 on Sunday, according to new figures. In total, 1,720 people...

Bangladesh: Road crash claims 15 lives

DHAKA, Bangladesh The death toll from a head-on collision late Saturday between a truck and van in southeastern Bangladesh rose to 15 when three more...

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