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Tuesday, September 13 2011 , Your time is 15:58:00
The International Monetary Fund (IMF) has hailed Turkey’s 2017 economic growth thanks to a strong recovery in the country’s exports in its updated World Economic Outlook
Turkish Airlines has started a new project titled “Fly Good Feel Good” on healthy eating and lifestyle in collaboration with the world-famous heart surgeon, Dr. Mehmet Oz, the airline announced on July 24.
OPEC leader Saudi Arabia said on July 24 the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria and Libya, which have been exempted from the curbs.
House sales in Turkey saw a decline in June, although sales to foreigners soared by roughly 25 percent, official data showed on July 24
Between mid-October 2016 and mid-May 2017 WTO members recorded the lowest monthly average of new trade restrictions since the financial crisis of 2008, according to the Director-General’s mid-year report on trade-related developments, which was presented to members on July 24.
Greece is seeing “the light at the end of austerity”, the EU’s economy commissioner Pierre Moscovici said on July 24, calling the reforms imposed on Athens by its creditors perhaps “too tough” but “necessary.”
Indirect taxes on tobacco, alcoholic beverages and automobiles are too high, Turkey’s Finance Minister has said, vowing no further hikes will be made in indirect taxes this year, in a bid to help ease the country’s inflation rate
The Turkish government has sought to stem the economic fall-out from a growing diplomatic crisis with NATO ally Germany, noting that German investments in Turkey were fully guaranteed by both Ankara and its laws.
The European Bank for Reconstruction and Development (EBRD) has said it providing a boost to the Turkish shipping industry with a 27.5 million euro loan to fast-growing sea transportation firm Alternative Transport that will help it realize its international potential.
Turkey’s Rönesans Health Investment and Japan’s Sojitz have concluded a $1.5 billion (163 billion Japanese yens) financial deal with eight international investors for their joint city hospital in central Istanbul.
The combined net profits of Turkey’s banking sector rose by 50 percent year-on-year to 21.2 billion Turkish liras ($6 billion) in the first five months of 2017, according to the Banking Regulation and Supervision Agency (BDDK).
Turkey’s benchmark index advanced by 0.25 percent to stand at 100,440.39 points at the close of June 30, marking a 0.80-percent rise compared with last week.
Turkish banking sector is regulated and monitored more favorable than emerging economies, but it is still reliant on short-term external debt, according to global rating agency Standard and Poor’s.
The vast majority of Syrians in Turkey are employed in unregistered work for significantly lower wages compared to their Turkish counterparts, a new survey has shown.
A deadline of July 13 has been set for both employers and employees to submit the final text of their proposal for a severance payment, Labor Minister Mehmet Müezzinoğlu said on July 5.
U.S. job growth surged more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year despite benign inflation.
Turkey is a step closer to building two solar power plants in Pakistan after receiving the necessary pre-licenses, Turkey’s Zorlu Energy Electricity Generation Company announced on July 18.
Global oil demand will continue to escalate despite slow growth resulting from the introduction of electric cars, according to the head of the International Energy Agency (IEA) on July 12
Turkey’s Zorlu Energy has signed a memorandum of understanding (MoU) with Palestine’s electricity distribution company JDECO for the construction and operation of solar power plants to provide electricity to Palestine, the company announced on July 19.
Despite a number of fatal accidents earlier this year, hot air balloon tours in the sky of central Turkey’s popular tourism destination Cappadocia continued to attract a large number of tourists and boost the revenue from tourism in the region.
Over half of the construction of Istanbul’s third airport, which is projected by the government to be the largest in the world, has been completed, Prime Minister Binali Yıldırım has stated
Spain’s tourism sector is poised for another bumper summer season as security concerns continue to lure visitors away from rival destinations to its cities and beaches, industry lobby group Exceltur said on July 13.