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Saturday, September 26, 2020

Turkey lifts TRY transaction limits on foreign lenders

ANKARA Turkey's banking watchdog on Thursday eased limits on Turkish lira transactions with foreign lenders. In a written statement, the Banking Regulation and Supervision Agency (BDDK) said foreign banks' financing transactions...

Turkey sees highest monthly exports figure in July

ANKARA Turkey saw the highest monthly exports figure of this year with $15 billion in July, the country’s trade minister said on Tuesday. The figure rose 11.5% month-on-month, hitting the second...

Turkey: Manufacturing PMI at over 9-year high

ANKARA Turkey's Purchasing Managers' Index (PMI) for the manufacturing sector in July rose to its highest level since February 2011, according to a closely-watched business survey on Tuesday.  IHS Markit's monthly...

Economists expect fall in Turkey’s July inflation

ISTANBUL Annual inflation rate in Turkey is projected to drop to 12.03% in July, according to an Anadolu Agency survey conducted on Wednesday. In June, Turkey's annual inflation rate stood at...

Turkish Central Bank posts $86.3B in June reserves

ANKARA The Turkish Central Bank on Tuesday announced that its official reserves amounted to $86.3 billion as of the end of June. Total reserve assets posted a fall of %5 in...

Standard & Poor's affirms Turkey credit ratings

ANKARA The Standard & Poor's (S&P) rating agency affirmed Turkey's sovereign credit ratings Friday and kept its outlook "stable."   Turkey's long-term foreign currency sovereign credit rating was held unchanged at "B+"...

Turkey: Hotel occupancy rate down by half in H1

ISTANBUL  The hotel occupancy rate across Turkey was 33.4% in the first half of 2020, during the peak period of the coronavirus pandemic, down 47.3% from the same period last...

Turkish economy sees total turnover up 12.5% in May

ANKARA The Turkish economy's total turnover saw a monthly increase of 12.5% in May, the nation's statistical institute reported on Monday. Total turnover index included industry, construction, trade, and services sectors. "At...

Focus on low-performing students will add $6.3T to Turkish economy

ANKARA Turkey has seen good progress over the last decade, not just enrolling more students in education but also raising the learning standards of these students, said Andreas Schleicher, founder...

Turkey's inflation rate up in June

ISTANBUL  Consumer prices in Turkey went up in June versus the same month last year, the country's statistical authority announced Friday. June's annual inflation rate was at 12.62% from 11.39% in...

Latest article

'EU sanctions on Turkey would make no sense at all'

ISTANBUL The EU imposing sanctions on Turkey would be profoundly irrational, Turkey’s communications director said on Saturday.  “We have no such expectation” of sanctions being imposed,...

Lebanon: Hariri regrets failure of Macron’s initiative

BEIRUT, Lebanon Former Lebanese Prime Minister Saad Hariri has regretted the failure of French President Emmanuel Macron's initiative for forming a new government in Lebanon.  “Those...

Hamas chief hails Abbas’ speech to UN

GAZA CITY, Palestine Hamas chief Ismail Haniyeh on Saturday hailed President Mahmoud Abbas’s speech to the UN General Assembly, according to the official Wafa news...

Eurasian countries register new virus cases, deaths

KIEV More coronavirus cases and fatalities were reported in several Eurasian and Central Asian countries on Saturday. Ukraine The death toll in Ukraine reached 3,903 with 76...

6 civilians dead in Afghanistan landmine blast

KABUL, Afghanistan At least six people were killed in a landmine explosion in Afghanistan’s northern Kunduz province, an official confirmed on Saturday. A tractor trolley carrying...