Turkey’s Central Bank raised its late liquidity window rate by 0.50 basis points on Dec. 14 after a U.S. Federal Reserve hike, but left its main policy rate on hold, which was followed by a fall in the Turkish Lira’s value.
Turkey’s first automated urban metro system was launched on Dec. 15 in Istanbul, the country’s largest city.
Greeks walked off the job in a nationwide strike yesterday to protest austerity measures and reforms the leftist-led government has agreed with the country’s creditors in exchange for bailout loans.
Turkey’s banking regulator, the BDDK, has taken new measures for cash transactions to prevent illegal betting.
SunExpress, a joint venture of Germany’s Lufthansa and Turkish Airlines, was granted the “European Debt Deal of the Year Award 2017” at the Aviation 100 Awards, organized by Airline Economics.
Turkey’s natural gas distribution company Enerya is expanding to 18 towns across eight provinces of Turkey, thanks to support from the European Bank for Reconstruction and Development (EBRD) and Garanti Bank.
Japanese car giant Toyota said Dec. 13 it wanted half of its global sales to come from electric-powered vehicles by 2030, as the industry strives to meet toughening environmental regulations.
The World Bank Group and the Global Covenant of Mayors for Climate and Energy have announced a $4.5 billion-fund for 150 cities around the world to fight the effects of climate change.
European tourism group TUI is putting contingency plans in place for Britain’s exit from the European Union, it said on Dec. 13, aiming to address potential problem areas such as flying rights, visa requirements and changes in demand.