Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s Central Bank said Nov. 27 it may adjust reserve requirements for commercial lenders to encourage them to reduce their reliance on foreign borrowing
Turkish Deputy Prime Minister Ali Babacan has signaled he may retain the position of economy head in an interview with the Nikkei business daily in Japan
MOSCOW - Agence France-Presse
Russia is set to lose around $40 billion (32 billiUon euros) per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said Monday.
ANKARA – Anadolu Agency
Turkey should follow the West and impose sanctions on Russia, the leader of the Crimean Tatars has said during a visit to Ankara, reproaching his hosts for continuing trade with Moscow.
The Turkish economy is facing a slow death, but this can be prevented by a new economic model, main opposition Republican People’s Party Deputy Chair Sayek Böke tells the Hürriyet Daily News
BRUSSELS – The Associated Press
The European Union's executive is proposing a 315-billion euro ($380 billion) investment plan to boost the bloc's flagging economy, a scheme whose success will depend on leveraging 21 billion euros in guarantees and seed money to attract private funds.
Turkish private sector’s loans have been rising and the composition of these loans shows that most credit is used by the construction and real estate sector
Turkey has not seen economic progress over the last six years because it has not made any significant reforms, Union of Chambers and Commodity Exchanges of Turkey (TOBB) head Rifat Hisarcıklıoğlu says.
French economist and author Thomas Piketty’s blockbuster book launch in Turkey has witnessed a mini-crisis due to language issues.
Turkey will grow 3 percent this year, the OECD says in its latest Economic Outlook, confirming its growth forecast for the country 3.2 percent in 2015 and 4 percent in 2016.
BELGRADE - Agence France-Presse
The International Monetary Fund said Nov. 20 it had approved a new stand-by loan for Serbia worth around one billion euros ($1.25 billion) to help it achieve economic reforms.
Despite an increase in Turkey’s economy, the International Monetary Fund (IMF) has warned Turkey to undergo structural reforms.
The Turkish Central Bank kept interest rates on hold Nov. 20 and said it would keep monetary policy tight until the inflation outlook improves significantly.
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