56.3 F
Ankara
Saturday, November 27, 2021

Turkish consumer confidence slips in October

ANKARA The Turkish consumer confidence weakened in October compared to last month, according to the country’s statistical authority on Thursday. The index is a vital gauge of the economy’s overall, indicating...

Turkish president hails country's economic performance during pandemic

ANKARA  The Turkish president on Monday hailed the country’s economic performance during the pandemic, while "the economies across the world were shaken." “In such a difficult period, Turkey has been extremely...

Turkish Central Bank's reserves rise to $88B in April

ANKARA The Turkish Central Bank’s reserves amounted to $88 billion at the end of April, the bank announced on Friday. Total reserve assets increased 1.5% from the previous month, according to...

Turkish Treasury borrows $1B through auctions

ANKARA The Turkish Treasury borrowed around 8.36 billion Turkish liras ($1 billion) from domestic markets, according to an official statement on Monday. The Treasury and Finance Ministry announced that 3.35 billion...

'Digital currency, law needed for Turkey's IT growth'

ANKARA Developing its own digital currency with national capabilities is critical for the development of Turkey’s digital economy, the head of the Informatics Association of Turkey (TBD) said Monday. Rahmi Aktepe...

Turkey: Investments in media, advertising hit $2.5B

ISTANBUL Investments in media and advertising in Turkey reached 17.47 billion Turkish liras ($2.48 billion) in 2020, an audit and consulting giant Deloitte Turkey announced on Thursday. The investments in...

Turkey, US discuss new ways to boost trade ties

ANKARA Turkish Trade Minister Ruhsar Pekcan met virtually Wednesday with US Trade Representative Katherine Tai and discussed new ways to increase bilateral trade flows. "We had a fruitful meeting with ambassador...

New Turkish Central Bank chief meets with bankers

ISTANBUL  The Turkish Central Bank's newly appointed governor met Wednesday with the general managers of banks and discussed a range of issues including inflation, monetary policy, global developments and the...

Turkey: No compromise from free-market mechanism

ANKARA Attaching great importance to the markets' efficient and solid functioning, Turkey will not compromise from the free-market mechanism, the country's treasury and finance minister said on Monday."Liberal exchange regime...

Turkey: Head of central bank dismissed

ANKARA Turkish Central Bank Governor Naci Agbal was dismissed and replaced with former MP professor Sahap Kavcioglu, according to a new presidential decree published in the official gazette early Saturday. Agbal...

Latest article

Turkish, Iraqi business circles meet in Istanbul

ISTANBUL  Business people, contractors and sector representatives from Turkey and Iraq gathered in Istanbul on Friday to discuss pressing issues related to economy and trade. The...

Palestine hails UN resolution affirming its sovereignty over natural resources

RAMALLAH, Palestine Palestine on Friday welcomed a resolution by the United Nations General Assembly that affirms the Palestinian sovereignty over its natural resources. In a statement,...

Japan approves $490B package to stimulate struggling economy

ISTANBUL Japan on Friday approved a $490 billion economic package to stimulate the country’s economy battered by the COVID-19 pandemic. Prime Minister Fumio Kishida’s government approved...

NATO urges Russia to show transparency about its military build-up

BERLIN NATO urged Russia on Friday to refrain from escalating tensions on the border with Ukraine. “We see a large and unusual concentration of Russian forces...

Tim Paine steps down as Australia Test cricket captain over texting scandal

ANKARA Australia Test cricket captain Tim Paine stepped down on Friday after investigation into text messages he sent to a colleague at Cricket Tasmania in...