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Wednesday, June 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...

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‘Turkey, Ukraine can conduct many joint space projects’

KIEV, Ukraine  Ukraine can carry out many joint projects with Turkey in the field of space as in the defense industry, the head of the...

Colombia's coronavirus-related deaths surpass 100,000

BOGOTA, Colombia  The number of coronavirus-related deaths in Colombia has exceeded 100,000, the country’s Health Ministry reported late Monday.  As many as 648 people lost their...

Magnitude 5.3 quake rattles southwestern Turkey

ANKARA  A magnitude-5.3 earthquake struck Turkey’s southwestern province of Mugla, the country's disaster agency said early Tuesday.  The Disaster and Emergency Management Authority (AFAD) said the...

Turkey rescues 51 asylum seekers in Aegean Sea

IZMIR, Turkey  Turkey on Monday rescued 51 asylum seekers in the Aegean Sea who were illegally pushed back by the Greek Coast Guard into Turkish...

Turkish president, European Commission head discuss Turkey-EU ties

ANKARA/ BRUSSELS Just days from what could be a pivotal EU summit, Turkey’s president and the head of the European Commission on Monday discussed EU-Turkey...