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Saturday, July 11, 2020

Turkey's annual inflation rate to rise in June: Survey

ISTANBUL Turkey's annual inflation rate is projected to rise to 12.14% in June, economists said on Tuesday. A group of 16 economists polled by Anadolu Agency predicted an increase of 0.75%...

‘No doubt’ Turkish tourism will bounce back from virus crisis

ANKARA  Turkish tourism will recover from the pandemic fallout "without a doubt" thanks to its proven resilience in dealing with crises, according to the CEO of Turkish-German carrier SunExpress. "There is...

Turkish exports stand at $10B in May

ANKARA  Turkish exports reached $61.6 billion in January-May, down 20% year-on-year amid the coronavirus pandemic, the country's statistical authority said. Imports also posted a decline of 5.2% to $82.6 billion, resulting foreign...

Turkish Central Bank reserves reach $90.9B in May

ISTANBUL  The Turkish Central Bank on Wednesday announced its official reserves totaled $90.9 billion as of the end of May. Total reserve assets soared 5.3% this May, versus $86.3 billion in...

Turkish CB's interest decision surprising: Economists

ISTANBUL Economists on Thursday said that the Turkish Central Bank's interest rate decision – keeping them unchanged at 8.25% – was surprising. Although a surprising decision, it is actually fully rational,...

Turkey set to expand railway network over next 5 years

ISTANBUL Over the next five years Turkey will expand its railway network to 18,000 kilometers (11,184 miles), according to the nation's transport and infrastructure minister. Addressing a digital summit on transportation...

Turkey expects V-shaped economic recovery from virus

ANKARA  Turkey is anticipated to come out of the coronavirus-driven crisis with a V-shaped recovery, and will converge its potential growth, the country's treasury and finance minister said on Tuesday. Addressing...

Turkey: Central government gross debt stock hits $234B

ANKARA The gross debt stock of Turkey’s central government stood at 1.6 trillion Turkish liras (around $234 billion) at the end of May, according to official figures released on Monday. The...

Turkish consumer confidence index up in June

ISTANBUL The consumer confidence index in Turkey posted a monthly increase in June, the country's statistical authority announced Monday. The consumer confidence index reached 62.6 this month, up 5.2% from May...

Yuan rolled out under Turkey, China swap deal

ANKARA Turkey's Central Bank on Friday announced that the first usage of the Chinese yuan funding under the swap agreement signed with China was realized on Thursday. According to a statement...

Latest article

Tanzania: Discovery of gemstones turns a miner rich overnight

DAR ES SALAAM, Tanzania A small-scale semiliterate artisanal miner in the East African country of Tanzania became a millionaire overnight after his mining team unearthed...

Nepal: Death toll from floods climbs to 23

KATHMANDU, Nepal The death toll from floods in Nepal rose to 23, while 35 others were missing as torrential monsoon rains continued to lash the...

Turkish forces 'neutralize' 8 PKK terrorists in N. Iraq

ANKARA Turkish security forces "neutralized" eight PKK terrorists as part of Operation Claw-Tiger in northern Iraq, the National Defense Ministry said on Saturday. The terrorists were...

Death toll from Japan floods rises to 63

TOKYO The death toll from massive floods in Japan rose to 63, local media reported on Saturday. As many as 92 rivers in 10 prefectures have...

Hamas movement supports Hagia Sophia decision

BEIRUT Palestinian resistance group Hamas has welcomed the Turkish court verdict directing the opening of Hagia Sophia as a mosque.   "Opening of Hagia Sophia to prayer...

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