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Thursday, June 17, 2021

Erdogan calls for using Turkish lira instead of dollar

ANKARA President Recep Tayyip Erdogan on Tuesday called on citizens to use the Turkish lira instead of the U.S. dollar in transactions. "Let us not use dollars. Let's turn to Turkish...

Turkey’s Borsa Istanbul ends week up

ANKARA Turkey’s benchmark stock index ended the day up 1.54% points to close at 105,379.71 points on Friday. Borsa Istanbul's BIST 100 index started the day at 104,474.89 points. As of...

Moody's rises Turkey's growth rate forecast

ANKARA   International credit ratings agency Moody's on Thursday upgraded Turkey's economic growth forecast owing to the country's growth-friendly fiscal policy. "Turkey's recovery is stronger than previously expected, but aggressive stimulus and...

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...

Fitch Ratings upgrades Turkish banks' outlooks

ANKARA Credit ratings agency Fitch has upgraded the outlooks of 20 Turkish banks to stable from negative. The move follows a similar upgrade of the outlook on Turkey's long-term issuer default...

Turkey: September inflation rate hits 3-year low

ANKARA Turkey just posted the lowest inflation rate it has seen in the last three years, the treasury and finance minister said Monday. "The steps we have taken to fight inflation...

Fitch revises Turkey's outlook from negative to stable

BERLIN  Credit ratings agency Fitch revised Turkey's outlook from "negative" to "stable" on Friday and affirmed its “BB-“ rating. The agency also revised up its GDP forecast for 2019 by 0.8...

Turkey's exports to Balkans nearly hit $10B

ISTANBUL  Turkey saw a total of $9.8 billion export to Balkans in the first nine months of 2019, a 3.7% increase compared to the same period last year, according to...

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'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...