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Saturday, April 4, 2020

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's red meat output jumps in Q3

ANKARA Turkey’s red meat production surged in the third quarter of 2019, the country’s statistical authority said on Tuesday. Turkey produced 443,014 tons of red meat in the July-September period, marking...

Mediterranean economic leaders to gather in Barcelona

ANKARA An entrepreneurial-economic event to explore the necessary measures that Mediterranean countries need to develop a truly globalized economy will be held in Barcelona on Nov. 20-22. The 13th Mediterranean Week...

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: Savings per capita at $2,920 in Jan-Sept

ISTANBUL Personal savings per capita in Turkey stood at 16,480 Turkish liras ($2,900) from January to September. Total savings deposits increased 14.8% year-on-year to nearly 1.4 trillion Turkish liras ($239.2 billion)...

Turkey sees rise in registered vehicles

ANKARA The number of motor vehicles registered in Turkey was up 16% in September compared to same month last year, reaching over 52,456, the country's statistics authority said on Tuesday. The...

Turkey's hazelnut exports hit record high in 2 months

GIRESUN, Turkey Turkish hazelnut exports hit a record high level this September-October, the head of the Black Sea Hazelnut and Products Exporters' Association announced. Turkey earned revenues of $641 million in...

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...

Turkey: Inflation slips to 8.55% in October

ISTANBUL  Turkey saw an annual hike of 8.55% in consumer prices in October, official figures showed on Monday. The annual inflation went down 0.71 percentage points in October, down from 9.26%...

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...

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COVID-19: Spain’s lockdown to be extended till April 25

OVIEDO, Spain Spanish Prime Minister Pedro Sanchez announced on Saturday that the country will continue with its strict lockdown measures until at least April...

COVID-19: Death toll in Netherlands surpasses 1,600

ROTTERDAM, the Netherlands  The death toll from the novel coronavirus in the Netherlands has risen to 1,651, authorities announced Saturday. The overall number of...

UK reports record 708 coronavirus deaths in 24 hours

LONDON British health authorities announced on Saturday that the U.K.-wide death toll from coronavirus rose by 708 over the last 24 hours, the record rise...

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