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Saturday, July 24, 2021

Turkey to substantially increase trade with Bangladesh

DHAKA, Bangladesh Turkey’s envoy in Dhaka said Sunday that his country wants to “substantially increase trade volume and investments” in Bangladesh. Mustafa Osman Turan spoke during a courtesy call with Bangladesh’s...

Turkey: Treasury posts $3.7B cash deficit in January

ANKARA  The Turkish Treasury's cash balance posted a deficit of some 26 billion Turkish liras ($3.7 billion) in January, the Treasury and Finance Ministry said Friday. Cash revenues of the Treasury...

Turkey to raise minimum wage by 21.56% in 2021

ANKARA  Turkey is raising its minimum wage by 21.56% as of Jan. 1, the country's family, labor and social services minister announced on Monday. Net minimum wage for single people will...

Turkey: Central Bank reserves hit 82.7$B in November

ANKARA The Turkish Central Bank’s reserves amounted to $82.7 billion at the end of November, the bank announced on Monday. Total reserve assets fell 2.2% in November from the end of...

Turkish Central Bank aware of its responsibility on inflation

ANKARA/ISTANBUL The Turkish Central Bank is aware of its responsibility in reaching the medium-term inflation target of 5%, said Governor Naci Agbal on Friday. The bank will implement all aspects of...

Erdogan: Turkey should aim for high value-added exports

ANKARA In its efforts to increase exports, Turkey should target high value-added products, the country's president said Friday. In a video conference during the eighth Turkey Innovation Week program, Recep Tayyip...

Turkish Central Bank hikes interest rates

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

Turkish, Azerbaijani central banks ink MoU

ANKARA A memorandum of understanding was signed between Turkish and Azerbaijan's central banks on Friday. Under the deal, the two central banks aspire to carry out activities to foster cooperation in...

Turkey: New company launches leap in November

ANKARA The number of newly established companies in Turkey jumped 12% year-on-year in November, the country's top trade body said on Friday. A Union of Chambers and Commodity Exchanges of Turkey...

Turkish Treasury to repay over $14.3B in Dec-Feb

ANKARA Turkey's Treasury will repay 111.9 billion Turkish liras (some $14.3 billion) of debt in the period from December to February, the Treasury and Finance Ministry announced on Monday. Over the...

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...