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Tuesday, September 13 2011 , Your time is 15:58:00
PM Yıldırım’s government announces a raft of measures in a bid to salvage the faltering Turkish economy, vowing to tighten the belt in 2017
President Recep Tayyip Erdoğan has converted all his currency into the Turkish Lira, his spokesman has said, upon questions from the main opposition Republican People’s Party (CHP) leader over the president’s participation in the campaign to shore up the struggling lira
The 5th Turkey Innovation Week, during which dozens of innovation gurus from 10 different countries in various disciplines will meet, started on Dec. 8 in Istanbul
The Turkish Defense Minister Fikri Işık has reviewed a test for Turkey-made medium-altitude air defense missile Hisar-O which is expected to meet the needs of the Turkish Land Forces Command.
The Turkish unit of Chinese lender ICBC completed a 450 million Turkish Lira ($132.55 million) swap transaction at the end of November, banking sources said on Dec. 8, marking the first such deal under an agreement between the two countries
China’s imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting a pick-up in both domestic and global demand.
Turkey’s calendar-adjusted industrial production soared by 2 percent in October, beating estimates by a wide margin from a year earlier, the Turkish Statistical Institute (TÜİK) said in a statement on Dec. 8.
Turkish desserts and food company Mado has signed a strategic partnership agreement with Venture Capital Bank (VCBank) and Al Sraiya Holding to extend into the Gulf Cooperation Council (GCC) region
German companies should remain hopeful about the future of their investments in Turkey as the country still offers considerable economic growth potential despite current turbulence, German Ambassador to Turkey Martin Erdmann said on Dec. 7
President Recep Tayyip Erdoğan has claimed Turkey’s struggling economy is under attack from foreign exchange speculators, while also praising citizens who have converted their foreign currencies into liras
A number of institutions announced measures to prop up the Turkish Lira in a bid to support the struggling currency on Dec. 7, following President Recep Tayyip Erdoğan’s call to keep savings and make transactions in liras rather than foreign currencies
Iran plans to revalue its rial tenfold and revert to the currency’s old name, the toman, according to a bill approved on Dec. 7 by President Hassan Rouhani’s cabinet, the official Islamic Republic News Agency (IRNA) has reported
A total of 340 workers from İZBAN, a commuter rail system connecting the western province of İzmir’s suburban area to the metropolitan area, went on strike on Nov. 8 due to disputes in collective bargaining talks with their employers
The Turkish Lira hit a record low against the dollar and stocks tumbled more than 3 percent to a three month low following the overnight detention of 12 lawmakers and leaders of the Kurdish issue-focused Peoples’ Democratic Party (HDP)
Women will be able to work part-time for six years after childbirth in most sectors, according to a new regulation
Work on the underwater section of the Turkish Stream pipeline will get underway in the second half of next year, Alexei Miller, chief executive of Russian gas giant Gazprom, told journalists on Dec. 6, Reuters reported
The European Bank for Reconstruction and Development (EBRD) has said it is providing a new 400 million euro financing package for small-scale renewable energy and resource efficiency projects Turkey in a bid to support the country’s continuous drive towards a low-carbon economy, in a written statement on Dec. 7
Russia said late on Dec. 7 it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar and commodities trader Glencore, confounding expectations that the Kremlin’s standoff with the West would scare off major investors
The number of foreign arrivals to Turkey dropped by 25.8 percent to 2.45 million in October, compared to the same month in 2015, temporary data from the Tourism Ministry showed on Nov. 29
The Turkish government’s fuel support for charter flights will be extended in 2017 amid a continuing loss in foreign tourist arrivals, Turkish Culture and Tourism Minister Nabi Avcı has said
International tourism has always been a topic of international politics. Because of its international nature, politicians have always tended to use it as an effective instrument for playing in the international arena