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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.
ATHENS - Reuters
When Greece applied for its first international bailout in 2010, only two countries in Europe lacked a computerized register of land ownership and usage. Albania was the other
Despite the expected slowdown in the second half of the year, the faster GDP growth in the second quarter has lead to revising growth forecasts to 3.2 percent for 2015, according to the World Bank’s “Turkey Regular Economic Brief for October,” issued Oct. 13 in Ankara
A combination of political uncertainty and economic fragility in Turkey, as well as unstable circumstances externally, has forced Ankara’s economic targets for the 2016-2018 period to be reduced to a more modest level.
BEIJING/SHANGHAI - Reuters
China’s exports fell less than expected in September, with monthly figures showing recovery, but a sharper fall in imports left economists divided over whether the country’s ailing trade sector is showing signs of turning around
ANKARA - Anadolu Agency
Turkey’s government has run a 13.5 billion Turkish Lira ($4.66 billion) budget deficit for the first nine months of 2015, the Turkish Finance Minister said on Oct. 16
Neşe Karanfil - ANKARA
Turkey’s National Intelligence Agency (MİT) and Directorate of Religious Affairs (Diyanet) will see dramatic rises in their shares of the upcoming year’s budget
The head of the Turkish Industry and Business Association (TÜSİAD), the country’s leading business group, has said delicate domestic and global conditions mean that there is no time to waste in passing urgent economic reforms.
The Turkish government has revised its national income per capita from U.S. dollar terms into income based on purchasing power parity amid a dramatic loss in the Turkish Lira’s value against the dollar in its new Medium-Term Economic Program, which was published in the Official Gazette on Oct. 11
Turkey’s current account deficit narrowed to the lowest level of the last six years in August to $163 million amid a slowing down in the economy and a sharp decrease in the foreign trade gap.
STOCKHOLM - Reuters
British economist Angus Deaton won the 2015 economics Nobel Prize for "his analysis of consumption, poverty, and welfare," the Royal Swedish Academy of Sciences said on Oct. 12
WASHINGTON - Agence France-Presse
The strong dollar weighed on manufacturing and tourism spending in the US while the economy continued "modest expansion" in recent weeks, the Federal Reserve said in a report Oct. 14
When machinery and equipment, intermediate goods, raw material, anything that a business requires for its production (i.e. its supply chain) are owned and produced by the same company, it is called 100 percent vertical integration