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Tuesday, September 13 2011 , Your time is 15:58:00
The head of the European Bank for Reconstruction and Development (EBRD) has said the bank does not expect Turkey’s strained ties with Europe to spill over to their economic relations, adding that Turkey will likely become the top recipient of the lender’s funds in 2017.
BURSA - Anadolu Agency
Turkey needs a more comprehensive approach to price stability in the light of experience gained in the last 10 years, the country’s Central Bank governor said March 25.
Moody’s Investors Service has taken rating actions on 17 Turkish banks, changing the ratings outlook from stable to negative on 14 of the lenders.
Turkey’s perception abroad is poor, but the country is not in that bad a position, Deputy Prime Minister Mehmet Şimşek has said, adding that Turkey’s narrative would remain robust in the medium and long term with the realization of a number of key reforms.
ANKARA – Anadolu Agency
The new Çanakkale 1915 Bridge in northwestern Turkey will usher in a new era for the martyrs who vanquished their enemies 102 years ago in Çanakkale, President Recep Tayyip Erdoğan said March 18 at a Martyrs’ Memorial Day ceremony that marked the 102nd anniversary of the Çanakkale Naval Victory
The Central Bank expects economic activity to pick up gradually this year, while acknowledging that data for the first quarter suggests the recovery is not yet widespread, according to the minutes of its latest policy meeting published on March 23.
BEIJING - Reuters
The World Bank’s newly appointed chief executive gave a spirited defense of globalization during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away.
Turkey’s unemployment rate hit 10.9 percent in 2016 with a 0.6 percent of increase compared to the previous year, continuing its double-digit trend, official data showed on March 23.
Ratings agency Moody’s late on March 17 cut its outlook on Turkey’s rating to “negative” as risks to the country’s credit profile have “risen materially” in recent months
ATHENS - Reuters
Greece will support a declaration marking the European Union’s 60th birthday but needs the bloc’s backing against International Monetary Fund demands on labor reforms, Greek Prime Minister Alexis Tsipras said ahead of a Summit in Rome on March 24.
Turkey has been implementing a liberal foreign trade policy in full accordance with rules of the World Trade Organization (WTO) as opposed to some reports in the media about Russian goods, according to Ministry of Economy on March 17.
ANKARA - Anadolu Agency
Turkey’s consumer confidence index rose in March, according to a report released by the Turkish Statistics Institute (TÜİK) on March 23.
U.S. President Donald Trump’s budget proposal has triggered a stiff debate both in the country and in the global arena, as the Pentagon is set to become a major winner while the State Department and federal programs are in line for steep reductions.