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Tuesday, September 13 2011 , Your time is 15:58:00
A state of emergency decree has listed fields that indebted Turkish companies can payback to at a stable exchange rate, which is significantly below the current free market rate, amid Turkish authorities’ efforts to curb the rise of the U.S. dollar against the Turkish Lira
The Central Bank’s Monetary Policy Committee (PPK) is set to meet on Jan. 24 to make a key decision on raising, holding or lowering interest rates, after recent sharp losses in the value of the Turkish Lira.
Turkey’s economic confidence index increased month-on-month in January, according to an official data released on Jan. 23.
The Turkish international tourism business has suffered badly due to regional political developments.
Turkish nanotech firm Nanomanyetik develops a microscope that can see atoms and individual DNA fibers
Turkey’s flagship carrier Turkish Airlines have signed world renowned Hollywood actor Morgan Freemen as its new brand face to represent it in the U.S. as a part of a new advertisement campaign, the company announced on Jan. 19.
The Central Bank will do what is “necessary” on interest rates, Turkish Deputy PM Mehmet Şimşek has said at the World Economic Forum in Davos, adding that nothing was more critical than its credibility.
General Motors Co on Jan. 17 confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier
China’s economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending, giving it a solid tailwind heading into what is expected to be a turbulent year.
Protectionist policies from the new U.S. administration of President Donald Trump will probably have a negative impact on the economy, overshadowing any positive gains from economic stimulus measures, the head of the IMF said on Jan. 20.
Some 4,523 companies were established by foreigners in 2016 in Turkey with Syrians taking the lion’s share, followed by Iranians and Iraqis, a data released on Jan. 20 showed.
Emerging market stocks fell on Jan. 19 and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar.
The Central Bank will not hesitate to take whatever steps are necessary after sharp falls in the Turkish Lira, Prime Minister Binali Yıldırım told reporters on Jan. 17 after a meeting the day before with top economy officials and President Recep Tayyip Erdoğan
Grandmothers who look after their grandchildren while their parents are at work will be offered financial support in a pilot project, Labor Minister Mehmet Müezzinoğlu has said.
Some 6,087 workers have been killed on the job in the last five years in Turkey, according to Confederation of Merchants and Craftsmen (TESK) chair Bendevi Palandöken
Turkey’s unemployment rate rose to 11.8 percent in October 2016 marking the highest such rate since March 2010, when it hit 12.8 percent, the Turkish Statistical Institute (TÜİK) announced on Jan. 16
Bulgaria will halt exports from local power generators from Jan. 12 to ensure sufficient electricity supplies after freezing temperatures led to an increase in power demand, the energy ministry said
Turkey does not anticipate electricity and gas price hikes in 2017 despite recent cost increases, Energy Minister Berat Albayrak said on Jan. 6
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said
Half of Russia’s holidaymakers have chosen Turkey as their top travel destination in 2017, a report released by the Association of Tour Operators in Russia (ATOR) stated
Spanish King Felipe VI expressed support for Turkish tourism at an international travel expo on Jan. 18, saying the country’s industry would recover quickly.
Tourism is expected to improve in 2017, Culture and Tourism Minister Nabi Avcı has said, noting that tourism indicators, especially in the Russian market, were rising after Turkey’s tourism industry experienced a crisis in 2016.