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Thursday, June 17, 2021

Turkish cbank to get commission on FX required reserves

ISTANBUL The Central Bank of Turkish Republic (CBRT) will apply commission implementation on FX required reserves, according to informed sources. The CBRT decided to implement a commission on the required reserve...

Turkish stocks up at Tuesday's open

ANKARA Turkey's benchmark stock index was up 0.59%, or 664.52 points to start Tuesday at 112,839.70 points. On Monday's close, Borsa Istanbul's BIST 100 index went up 0.9% to 112,175.19 points...

Turkey's annual inflation to rise in September: Survey

ANKARA Turkey's annual inflation rate is forecast to rise to 12.20% in September, said a panel of economists on Friday. The 14 economists polled by Anadolu Agency predicted a rise from...

Turkey forecasts foreign debt payment of $11.3B in 2020

ANKARA  The Treasury and Finance Ministry is forecasting 65.1 billion Turkish Liras ($11.3 billion) in external debt payments in 2020. The total amount of debt service is estimated at 352.1 billion...

IMF: Turkey's economic challenges could be solved domestically

ANKARA / BERLIN  Although Turkey’s vulnerabilities remain high, they can be solved domestically if the right policies are put in place, Donal McGettigan, the IMF's mission chief to Turkey has...

Turkey’s manufacturing capacity use stands at 75.5%

ANKARA Turkish manufacturing industry used 75.5% of its capacity in January, the country's Central Bank revealed Monday. The capacity utilization rate (CUR) of the sector fell 1.5 percentage points from last...

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...

'Turkey's growth continues to pick up steam'

ANKARA Leading indicators for the fourth quarter indicate that Turkey’s growth is picking up steam, the country's treasury and finance minister said Monday. "To achieve the 5% growth target, we will...

Turkey's annual inflation to fall in April: Survey

ISTANBUL Turkey's annual inflation rate is predicted to drop to 10.79% in April, said a panel of economists on Thursday. The 19 economists polled by Anadolu Agency predicted a fall from...

Turkey's inflation rate drops in April amid COVID-19

ANKARA  Consumer prices in Turkey went up 10.94% in April compared to the same month last year, the country's statistical authority announced Monday. April's annual inflation rate was down from 11.86%...

Latest article

'Emerging markets won't suffer from current account deficits post-COVID'

ANKARA Imports have already surpassed pre-crisis levels in all major emerging markets but most trade deficits have not expanded due to booming exports, according to...

Thousands protest in Madrid against pardoning jailed Catalan leaders

OVIEDO, Spain Around 25,000 people poured into the streets of Madrid on Sunday to protest the Spanish government’s impending move to pardon several jailed Catalan...

Accused terrorist nabbed while trying to enter Turkey

ANKARA  A terrorist wanted with a red notice was among a dozen people arrested while trying to enter Turkey, said the National Defense Ministry on...

Mortar kills 5 civilians in Afghanistan

KABUL, Afghanistan A mortar shell fired by Taliban hit a residence in Afghanistan’s Lagman province killed five civilians, according to Afghan Army.The 201st Selab Corps...

UAE, Rwanda ban flights from Uganda due to rise in COVID-19 cases

KAMPALA, Uganda The United Arab Emirates (UAE) and Rwanda have banned with immediate effect all flights from Uganda due to reports of rising COVID-19 cases...