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Saturday, December 14, 2019

Turkey: Banking sector net profit at $7.24B in Jan-Oct

ISTANBUL The net profit of Turkey's banking sector totaled 41.3 billion Turkish liras ($7.24 billion) in January-October, the country's banking watchdog said Friday. The figure was down 10% on an annual...

Turkish economic growth at 0.9% in Q3

ANKARA Turkey's economy expanded by 0.9% year-on-year in the third quarter of this year, the country's statistical authority reported Monday. Gross domestic product (GDP) at current prices in Turkey reached 1.15...

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...

Turkey's annual inflation rate at 10.56% in November

ANKARA  Turkey saw a 10.56% annual hike in consumer prices in November, the Turkish Statistical Institute (TurkStat) said on Tuesday. Last month, the annual inflation rose 2.01 percentage points from 8.55%...

Turkey: Central Bank reserves in Sept. total $101.1B

ANKARA The official reserves of the Central Bank of the Republic of Turkey (CBRT) totaled $101.1 billion in September. The CBRT data showed on Friday that total reserve assets in September...

'Turkey has great potential to compete worldwide'

ISTANBUL Turkey has a great potential to compete worldwide, particularly in the textile, auto, and machinery sectors, according to the CEO of Hannover Fairs Turkey, which handles the Turkish operations...

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...

Economists expect fall in Turkey's October inflation

ISTANBUL Annual inflation rate in Turkey is projected to drop to 8.41% in October, according to an Anadolu Agency survey on Friday. Turkey's annual inflation rate in September was 9.26%, dropping...

Turkish stocks open week looking down

ANKARA Turkey's benchmark stock index fell by 0.22%, or 231.49 points, to start the week at 102,921.71 points on Monday. On Friday's close, Borsa Istanbul's BIST 100 index decreased 0.38% to...

Turkey's automotive exports reach $25.4B in 10 months

ISTANBUL  Turkey's automotive industry exports reached $25.4 billion in the first 10 months of this year, according to an exporters association. The country's exports were around $2.5 billion per month on...

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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