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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s leading defense systems producer ASELSAN has marked an increase of 273 percent in its net profit in 2016 when compared with 2015
Turkey’s top business organization has called for the maintenance of election security and reforms to ensure a more developed democracy just ahead of another election on Nov. 1 amid political uncertainties, market fluctuations and escalating security risks
ISTANBUL - Reuters
Turkey’s budget showed a strong performance in the first eight months of the year despite political uncertainty and market volatility, but budget discipline must be maintained, Finance Minister Mehmet Şimşek stressed on Sept. 15.
WASHINGTON - Reuters
The Federal Reserve began a two-day policy meeting on Sept.16 with economists evenly split on whether Sept.17 will see the first official U.S. interest rate rise since 2006.
Leading ministers from the economy administration have voiced differing comments amid the rising political uncertainties and security concerns which have hit many emerging economies, just ahead of an expected rate hike by the U.S. Federal Reserve (Fed)
Finance Minister Mehmet Şimşek and Economy Minister Nihat Zeybekci have differed on Turkey’s reform agenda and economic outlook, amid a slowdown in domestic growth and turbulent international headwinds
Insurance experts have complained about their inability to visit Turkey’s eastern region for damage assessment amid escalating violence
PARIS - Agence France-Presse
The OECD cut its world economic growth forecasts for 2015 and 2016 on Sept. 16, warning of a dramatic slowdown in Brazil and a global outlook clouded by uncertainty over China.
Turkey’s economy has been going through serious financial fluctuations since the second half of 2013 and this is continuing. Even if industrial firms tried not to lose their gross sales profits, they had to share a significant portion of it with the banking-finance sector as “interest.”
The U.S. Federal Reserve (Fed) will not raise interest rates this week or it will only make a slight increase, Turkish Economy Minister Nihat Zeybekci predicted on Sept. 14.
ANKARA - Anadolu Agency
The Turkish economy is expected to grow only 3 percent this year, a reduction from the government’s target of 4 percent growth, Deputy Prime Minister Cevdet Yılmaz told Anadolu Agency on Sept. 11.
Turkey’s unemployment rate rose to 9.6 percent in the June period, which includes May, June and July, up 0.5 percent year-on-year and 0.2 percent over May, according to data released by the Turkish Statistics Institute (TÜİK) on Sept. 15.
Turkey’s gross domestic product (GDP) grew a higher-than-expected 3.8 percent year-on-year in the second quarter, a surprisingly positive move as opposed to an expected second-half slowdown in growth, according to data from the Turkish Statistics Institute (TÜİK)