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Monday, January 27, 2020

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...

Turkey forecasts foreign debt payment of $11.3B in 2020

ANKARA  The Treasury and Finance Ministry is forecasting 65.1 billion Turkish Liras ($11.3 billion) in external debt payments in 2020. The total amount of debt service is estimated at 352.1 billion...

Turkey’s manufacturing PMI at 49 points in October

ANKARA  Turkey’s Purchasing Managers’ Index (PMI) for the manufacturing sector stood at 49 points in October, according to a monthly business survey released Friday. The Istanbul Chamber of Industry report, done...

'Turkey set to close out 2019 in positive territory'

MALATYA, Turkey Turkey will close out 2019 with positive growth figures, the country’s treasury and finance minister said on Thursday. Turkey will continue to support industry and the real sector, and...

Foreign visits to Turkey climb in January-September

ANKARA Turkey attracted 36.4 million foreign visitors in the first nine months of 2019, marking a 14.5% rise, the Culture and Tourism Ministry announced Thursday. The Mediterranean resort city of Antalya...

Central Bank lowers Turkey year-end inflation forecast

ANKARA Turkey's Central Bank on Thursday cut the year-end inflation projection for 2019. The bank said it expected Turkey's year-end inflation rate to hit 12% for 2019, down from 13.9% in...

Turkey: Tourism income jumps 22% to $14B in Q3

ISTANBUL Turkey’s tourism income jumped by nearly a quarter this July-September to $14.03 billion, the country's statistical authority said on Thursday. The country's tourism revenue soared 22% in the third quarter,...

Turkey's foreign trade gap at $2.1B in September

ANKARA Turkey's foreign trade deficit stood at $2.1 billion in September, said the country's statistical authority on Thursday. TurkStat data indicated a 6.6% year-on-year rise in last month's figure. Turkish exports rose...

Turkey: Banking sector net profit at $6.4B in Jan-Sept

ANKARA The net profit of Turkey's banking sector totaled 36.2 billion Turkish liras ($6.4 billion) in January-September, the country's banking watchdog said Wednesday. The figure was down 12.5% on an annual...

Turkey: Economic confidence rises to 89.8 in October

ANKARA  Turkey's economic confidence index rose to 89.8 in October, official data revealed on Wednesday. The figure surged 4.5% from 86 in September, the Turkish Statistical Authority (TurkStat) said.

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BELGRADE, Serbia A military helicopter crashed into the Adriatic Sea in Croatia, according to the police. The Ministry of Defense said the casualties are still unknown. "The...

Somali woman promotes peace through art

MOGADISHU, Somalia  A famous young female Somali painter is speaking through her paintings across Somalia, and people are noticing. Nujuum Hashi Ahmed’s paintings are about the...

Turkey to build shelter areas in quake-hit Elazig

ANKARA Turkey is set to build temporary shelters to host 1,000 families affected by a deadly earthquake in eastern Turkey, the country's interior minister said...

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