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Friday, July 23, 2021

'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...

Turkish Central Bank's rate hike surprises, pleases economists

ISTANBUL Both foreign and domestic economists in Turkey have applauded what they said was an unexpected rate hike by the country's Central Bank. The Central Bank of the Republic of Turkey...

Turkish Central Bank hikes interest rates, surprising markets

ANKARA The Turkish Central Bank on Thursday announced an interest rate hike of one percentage point above market expectations.The bank's policy rate – also known as the one-week repo...

Turkey's assets abroad total $246.3B in January

ANKARATurkey's external assets reached $246.3 billion as of this January, a decline of 2.3% from the end of last year, the Turkish Central Bank data showed on Thursday.Its liabilities...

Turkish Treasury borrows $600M through auctions

ANKARA The Turkish Treasury borrowed 4.47 billion Turkish liras ($600 million) from domestic markets through two auctions held on Tuesday. Some 1.8 billion Turkish liras ($240 million) in two-year Fixed Coupon...

Latest article

EU drugs regulator recommends Moderna vaccine for children 12-17

ANKARA The European Medicine Agency (EMA) on Friday authorized the US' Moderna's COVID-19 vaccine for use in children aged 12-17. The EMA "has recommended granting an...

Turkey has administered over 65M COVID-19 vaccine shots

ANKARA Turkey has administered more than 65 million doses of COVID-19 vaccines since it launched a mass vaccination campaign in January, according to figures released...

2020 Tokyo Olympics officially starts with opening ceremony

ANKARA The Olympic Games started with the opening ceremony in a near-empty National Stadium in the Japanese capital Tokyo in the shadow of COVID-19 on...

Afghanistan recalls ambassador from Pakistan over kidnapping incident

KABUL, Afghanistan Afghanistan recalled its ambassador from Pakistan days after the envoy's daughter was abducted and “severely tortured” in the capital Islamabad, Afghan officials...

Army retakes town from al-Shabaab terrorists in central Somalia

MOGADISHU, Somalia Somali security forces on Sunday retook a town in the country’s central Mudug region from terrorist group al-Shabaab, officials said. "The Gorgor commandos of...