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Tuesday, September 13 2011 , Your time is 15:58:00
A senior representative from Japan Credit Rating JCR has said Turkey still preserves its investable position, opposing the general sentiment following the rating cut by Moody’s, state-run Anadolu Agency has reported.
U.K.-based satellite communications company Inmarsat and Turkey’s satellite operator TurkSat have signed a partnership agreement to collaborate in the satellite service, maritime communication, defense and aerospace sectors.
A leading Iranian economy official in Ankara has said Turkey and Iran have been in talks to increase the number of items within the scope of their preferential trade deal and the two sides will sign a free trade deal if these items hit 265.
British Foreign Secretary Boris Johnson said he hoped for a “jumbo” new free trade deal with Turkey after the United Kingdom leaves the European Union, praising the quality of Turkey-made products - including his washing machine at home.
The Armenian Metsamor nuclear power plant should be shut down as the world cannot risk another disaster like Chernobyl, Turkish Energy and Natural Resources Minister Berat Albayrak said on Sept. 26.
In a leading index of global financial centers Istanbul has fallen 12 places to 57th, mainly due to uncertainties.
The World Trade Organization on Sept. 27 revised down its 2016 global trade forecast by more than a percentage point, warning growth had hit its slowest pace since the global financial crisis.
Senior Turkish officials have criticized the cut to Turkey’s sovereign credit rating by ratings agency Moody’s, claiming that the move is “biased” and does not reflect the realities of Turkey’s macro indicators
The Türk Telekom Group has said that its board of directors decided to appoint Boulos H.B. Doany as new CEO-general manager effective as of Sept. 26, in a written statement
Some 250 airlines will fly to Istanbul’s third airport once it is completed, according to the head of the airport construction company, who added that flights from the airport will be made to more than 350 destinations
Russia announced Sept. 26 it is dropping a brief import ban on fruits and vegetables from Egypt, after Cairo backed downed on tough restrictions on wheat that had sparked a row.
Turkey’s markets and currency were seeking recovery after shares tumbled 4 percent and bonds and the Turkish Lira weakened sharply on Sept. 26, the first trading day after Moody’s cut its credit rating to “junk,” raising risks of an outflow of foreign funds and a squeeze on external borrowing.
Turkey’s Saving Deposits Insurance Fund (TMSF) has probed more than 1.6 million bank accounts so far over demands from a number public institutions wanting to learn whether any of their employees had an account with Bank Asya, seized by the state over its links with the Gülen movement
Over 900 workers went on strike at a Nestle factory in the northwestern province of Bursa early on June 21 after the company and the labor union, Tek Gıda-İş, could not clinch a collective bargaining deal over disputes in wage raises
Turkey is one of the five worst performing countries in terms of violations of International Labor Organization (ILO) conventions, a report prepared by the research unit of the country’s Confederation of Progressive Trade Unions (DİSK) has revealed
Muna Awwal wants to go to school. But she needs to go to work Muna says she is 10 years old. Nine, corrects her father, Mahmud, as they sit in the family’s second-floor flat in Istanbul’s textile district
The Groningen natural gas field, the largest in the European Union, is running out of reserves, with an estimated 17 years left before stocks will be depleted, The Netherlands announced on Sept. 16
Russian state power company InterRAO may enhance its presence in Turkey once relations between Moscow and Ankara are fully restored, a board member told Reuters Russia Investment Summit
The European Bank for Reconstruction and Development (EBRD) is ready to support Bulgaria’s plans for a regional natural gas hub and will provide financial support if the project proves viable, the bank’s president said on Sept. 19
Catamarans owned by the ferry company of Turkey’s İzmir Metropolitan Municipality will start regular trips between the Alsancak Port and the Greek island of Lesbos in a bid to boost tourism in the Aegean Sea
The board of Istanbul’s historic Grand Bazaar has prepared a global promotional campaign in a bid to increase brand awareness across the world and lure more tourists to the 555-year-old commercial and tourist venue
Turkey’s hoteliers experienced their “emptiest” summer season, as the sector saw the steepest decline in hotel occupancy rates in August