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Tuesday, September 13 2011 , Your time is 15:58:00
Recent developments indicate the resilience of the Turkish economy and supportive fiscal and macro-prudential policies have mitigated the downside risks on economic activity, Central Bank Governor Murat Çetinkaya said April 20.
Turkey’s Economic Confidence Index improved for the second straight month in March, rising 5 percent to 96.1, data from the Turkish Statistics Institute (TÜİK) showed on March 30.
BURSA - Anadolu Agency
Turkey needs a more comprehensive approach to price stability in the light of experience gained in the last 10 years, the country’s Central Bank governor said March 25.
Over 407,000 new jobs were created between Jan. 1 and March 27 in Turkey, a top official has said, adding that around 1 million new jobs were expected to be offered by June
Turkey’s perception abroad is poor, but the country is not in that bad a position, Deputy Prime Minister Mehmet Şimşek has said, adding that Turkey’s narrative would remain robust in the medium and long term with the realization of a number of key reforms.
A top Turkish official has said a technical delegation will visit the United Kingdom to discuss the in-cabin ban on electronic devices, adding that he believes the U.K. will likely lift the ban for flights from Turkey
The Central Bank expects economic activity to pick up gradually this year, while acknowledging that data for the first quarter suggests the recovery is not yet widespread, according to the minutes of its latest policy meeting published on March 23.
Vahap Munyar - LONDON
The head of the European Bank for Reconstruction and Development (EBRD) has said the bank does not expect Turkey’s strained ties with Europe to spill over to their economic relations, adding that Turkey will likely become the top recipient of the lender’s funds in 2017.
Turkey’s unemployment rate hit 10.9 percent in 2016 with a 0.6 percent of increase compared to the previous year, continuing its double-digit trend, official data showed on March 23.
JOHANNESBURG - Reuters
Ratings agency Fitch downgraded South Africa’s credit rating to sub-investment grade on April 7, saying a recent cabinet reshuffle that saw respected finance minister dismissed will likely result in a change in economic policy direction.
ATHENS - Reuters
Greece will support a declaration marking the European Union’s 60th birthday but needs the bloc’s backing against International Monetary Fund demands on labor reforms, Greek Prime Minister Alexis Tsipras said ahead of a Summit in Rome on March 24.
VALETTA - Agence France-Presse
Greece agreed on a fresh set of reforms with its eurozone creditors on April 7 with hopes that Athens could unlock bailout cash in time to avert a debt default just months away.
ANKARA - Anadolu Agency
Turkey’s consumer confidence index rose in March, according to a report released by the Turkish Statistics Institute (TÜİK) on March 23.