Factors affecting Turkey’s high inflation will be closely monitored, and the impact of the Turkish Central Bank’s monetary policy on inflation will grow more noticeable in the coming months, the bank’s governor, Murat Çetinkaya said on Oct. 15.
The International Finance Corporation, a member of the World Bank Group, said on Oct. 16 it is investing the Turkish Lira equivalent of $150 million in covered bonds issued by Turkey’s Yapı Kredi Bank to help strengthen the country’s capital markets and boost its residential mortgage sector, including green mortgages.
Turkey’s Central Bank will maintain its tight monetary policy until the inflation outlook has shown a significant improvement, its chief stated on Oct. 12
Turkey and Israel’s talks on the proposed natural gas pipeline construction to bring Israeli gas to Europe are at an “advanced stage,” according to the adviser to Israel’s National Infrastructure, Energy and Water Resources Minister.
Turkey’s total electric and hybrid car sales increased by 805.6 percent to 2,763 in the first nine months of 2017, compared to 300 in the first nine months of 2016, according to Turkey’s Electric and Hybrid Vehicles Association.
World Bank President Jim Yong Kim said on Oct. 12 that he was optimistic that the leading development financier will be able to increase its capital base to expand lending.
World leaders should take advantage of the healthiest global growth in years to pursue policies that will spread prosperity to those being left behind, the head of the International Monetary Fund is arguing.
The Indonesian and Turkish governments on Oct. 12 agreed to start negotiations on the Comprehensive Economic Partnership Agreement (CEPA) in November in an attempt to further strengthen economic cooperation between the two countries.
A ban on passenger ferries sailing to Greece from Turkey has been abolished as of today, Transport Minister Ahmet Arslan said during a visit to Athens.
Years of struggle for Germany’s second-ranked airline Air Berlin appeared on their final stretch on Oct. 12, as airborne behemoth Lufthansa announced plans to buy more than half the bankrupt carrier’s planes.
Paris authorities plan to banish all petrol- and diesel-fuelled cars from the world’s most visited city by 2030, Paris City Hall said on Oct. 12.