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Saturday, January 18, 2020

Turkish banking sector ends year better than expected

ANKARA The Turkish banking sector will end 2019 better than expected, with a recovery in macroeconomic indicators such as growth, inflation, and unemployment, said the heads of both state and...

Turkish economy highlights in 2019

ANKARA The Turkish economy began rebalancing in 2019, after losing momentum in the second half of the previous year due to the impact of speculative currency attacks. Turkey has re-entered the...

Highlights of Turkish energy market in 2019

IZMIR The start of new drilling operations in the Eastern Mediterranean, the completion of the TurkStream pipeline project, the finalization of the laying of the foundation for the first reactor...

Turkish stocks up at Friday opening

ANKARA Turkey's benchmark stock index went up 0.34%, or 382.68 points, to start Friday at 114,035.70 points. On Thursday's close, Borsa Istanbul's BIST 100 index rose 0.29% to 113,653.02 points with...

Turkish contractors assume foreign projects worth $395B

ANKARA Total worth of projects undertaken by Turkish contractor firms abroad reached $395 billion as of the end of November, Turkey's trade minister has said. The figure is expected to reach...

Turkish stocks up at Tuesday's open

ANKARA Turkey's benchmark stock index was up 0.59%, or 664.52 points to start Tuesday at 112,839.70 points. On Monday's close, Borsa Istanbul's BIST 100 index went up 0.9% to 112,175.19 points...

Turkey's Asyaport gets new $12M loan from European Bank

ANKARA  Turkey's Asyaport, a major trans-shipment hub for cargo bound for Black Sea ports, has received the fourth loan from the European Bank for Reconstruction and Development (EBRD) for Turkey’s...

Turkey's Borsa Istanbul up 0.52% at Friday's close

ANKARA Turkey's benchmark stock index ended the day up 0.52% to close at 111,176.75 points on Friday. Starting the day at 111,040.82 points, Borsa Istanbul's BIST 100 index went 577.32 points...

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...

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Greece uneasy over not being part of Berlin conference

ANKARA Greek foreign minister has expressed the country's uneasiness over not being allowed to be part of the Berlin conference on Libya to be hosted...

Haftar promises to respect Libya cease-fire initiative

BERLIN Libya’s renegade commander Khalifa Haftar has promised to respect a cease-fire initiative by Turkey and Russia, following his meeting with German foreign minister in...

Media body decries Egypt’s raid on Anadolu Agency

ISTANBUL An Istanbul-based press association condemned Wednesday a police raid on Anadolu Agency's office in Cairo and the detention of its employees. "We hereby condemn the...

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