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Tuesday, September 13 2011 , Your time is 15:58:00
President Recep Tayyip Erdoğan will travel to Pakistan next Wednesday, March 1 to attend the 13th Economic Cooperation Organization (ECO) summit in the country’s capital Islamabad
Insurance experts have complained about their inability to visit Turkey’s eastern region for damage assessment amid escalating violence
RIO DE JANEIRO - Agence France-Presse
Standard & Poor's cut Brazil's sovereign credit rating to junk on Sept.9, citing the struggle by President Dilma Rousseff's government to master growing debt and political turmoil.
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.”
ISTANBUL - Reuters
Political instability poses the biggest risk to Turkey’s economy, Finance Minister Mehmet Şimşek said on Sept. 9, citing potential damage to public finances and further pressure on budget and current account deficits.
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.
LONDON - Reuters
Turkey’s fiscal position, which is a key metric for its sovereign rating, has not changed and remains supportive of its rating, ratings agency Fitch said on Sept. 8, adding it would review its assessment next week
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)
ANKARA - Reuters
Turkey’s new deputy prime minister in charge of the economy said on Sept. 8 that growth and inflation would miss government targets this year but the political uncertainty which has hammered the lira would ease after a November election
Turkey’s current account deficit totaled $3.15 billion in July, below forecasts, data from the Central Bank revealed Sept. 10. The 12-month deficit was announced at $45.03 billion
Neşe Karanfil - ANKARA
The volume of defaulted credit card and consumer loan debts reached 15.1 billion Turkish Liras ($5 billion) in July, according to figures from Turkey’s banking watchdog
Turkey’s automotive production rose by 34 percent in August to 76,987 units, according to data from the Automotive Industrialists’ Association (OSD)
Turkish industrial production rose a calendar-adjusted 0.3 percent year-on-year in July, data showed on Sept. 8, far below forecasts for a 3.4 percent rise and reinforcing the view that growth momentum is weakening