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Sunday, August 14, 2022

Turkiye's share in global trade exceeds 1% for 1st time: President

ISTANBUL Turkiye’s share in the global trade exceeded 1% for the first time last year, the nation’s president said on Monday, citing the newly announced 2021 export figures. While the global...

Turkey's economic confidence down in December

ISTANBUL Turkey’s economic confidence index fell 1.8% month-on-month in December, according to the latest figures released on Thursday. From 99.3 in November, the index slipped to 97.6 in the last month...

New measures will continue to protect Turkish public from high costs: President

ANKARA To continue keeping its promise of protecting the Turkish public from the high cost of living, the nation’s president announced new measures on Monday. No Turkish citizen will have to...

Turkey will not abandon free market principles: President Erdogan

ANKARA  Turkey will not abandon free market principles, President Recep Tayyip Erdogan said on Sunday, stressing that the country will not put in place a controlled foreign exchange regime. "The Turkish...

Turkish Central Bank lowers interest rates by 200 basis points

ANKARA The Turkish Central Bank on Thursday lowered its one-week repo rate by 200 basis points, well above market expectation. The policy rate – also known as the one-week repo rate...

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...

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...

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...

Turkey announces landmark new economic reform package

ANKARA Turkey on Friday unveiled the details of a major new economic reform package as pledged by the president last November. "The package aims to grow the Turkish economy on the...

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Turkish president, UN chief discuss ways to end crisis caused by Russia-Ukraine war

ANKARA The Turkish president and UN secretary-general on Monday spoke over phone and discussed initiatives aimed at resolving the ongoing crisis caused by the Russia-Ukraine...

Anadolu Agency's Morning Briefing – June 21, 2022

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Russia becomes China’s largest oil supplier

ANKARA Russia has surpassed Saudi Arabia to become China's largest oil supplier, as refiners bought up Russian crude oil offered at a huge discount...

EU, Egypt agree on partnership priorities until 2027

BRUSSELS The EU and Egypt have agreed on the partnership priorities guiding their relationship until 2027. The Association Council of the European Union and Egypt...

Syria's Tal Rifat surrounded with tunnels by YPG/PKK terrorists

TAL RIFAT, Syria / ANKARA The YPG/PKK terror group is using a sophisticated network of tunnels in the Tal Rifat district in northern Syria to...