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Tuesday, September 13 2011 , Your time is 15:58:00
ECONOMIC MRI - There have been some small changes to the team managing Turkey’s economy, but everything will be determined by the course of the dollar
ISTANBUL - Reuters
The Turkish lira plumbed another record low against the dollar on April 14, as investors punished the currency on fears of rising political instability ahead of the June 7 parliamentary election.
Şebnem Turhan - ISTANBUL
As parliamentary elections in June approach, 53 percent of Turkish citizens believe Turkey’s current economic situation, unemployment and economic hardships are the most important issues faced by the country and its people, according to recent poll conducted by Ipsos.
Turkish Deputy Prime Minister Ali Babacan will visit the United States to attend a series of international meetings, including the G-20 meetings, between April 15 and 21.
ISTANBUL - Doğan News Agency
The stronger a country’s established institutions and rules, the more advanced its democratic system and the more likely it will be an advanced economy, Turkish Deputy Prime Minister Ali Babacan said on April 11.
The growth data of 2014 released on the last day of March and preliminary indicators released for the first three months of 2015 show that there is a serious slowing trend in the manufacturing industry, which is considered the backbone of the economy.
After nine different meetings in three days, the 18th Economic Summit ended on April 9.
ANKARA - Anadolu Agency
Turkey’s rapid urbanization wave has been the motoring force behind the rise in the construction sector and 350,000 housing units need to be redeveloped by 2020, according to sector representatives
Turkey’s current account gap stood wider than expected at $3.2 billion in February, the Turkish Central Bank said on April 10.
The Turkish Lira weakened to a new record low, extending this year’s losses to 12 percent, underperforming most of its emerging market rivals against a surging U.S. currency.
Representatives from Turkish banking industry said several strict measures, which were put during extraordinary times, should be lifted during ordinary times at a meeting in Istanbul on April 9.
MOSCOW - Reuters
Russian President Vladimir Putin on April 13 paved the way for long-overdue missile system deliveries to Iran and Moscow started an oil-for-goods swap with Tehran, showing the Kremlin’s determination to boost economic ties with the Islamic Republic.
The revival of the Silk Road project might have been a utopia when it was initiated in the 1990s, but the dream is now being realized, according to former Romanian President Emil Constantinescu.
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