Economy

ECONOMY Turkeys poultry production up in October

Turkey's poultry production up in October
ECONOMY Turkey collects over 753,000 tons of cow milk in October

Turkey collects over 753,000 tons of cow milk in October
Turkey remains world’s largest flour exporter

Turkey remains world’s largest flour exporter

Turkey will close the year as the world’s largest flour exporter, said director of the International Association of Operative Millers (IAOM) Eurasia.
ECONOMY Interest pressure on market dismissed: Minister

Interest pressure on market dismissed: Minister
ECONOMY Business circles expect lower borrowing costs following rate cut

Business circles expect lower borrowing costs following rate cut

Business leaders have welcomed the Turkish Central Bank’s move to reduce its main policy rate by 200 basis points to 12 percent, expressing hopes that lenders would follow suit and slash their interest rates on loans.
ECONOMY Industrial production up 3.8 percent in October

Industrial production up 3.8 percent in October

Figure goes up 3.8 percent on annual basis, as sub-indices post increases

ECONOMY Oil prices gain as US, China close on trade deal

Oil prices gain as US, China close on trade deal

Oil prices gained more than 1 percent on Dec. 12 and Brent crude opened higher on Dec. 13 after the U.S. and China signed off on a phase-one trade deal.
Turkeys daily power consumption up 0.3 percent ECONOMY

Turkey's daily power consumption up 0.3 percent
Consumer loans hit $78 billion ECONOMY

Consumer loans hit $78 billion
Turkey spent $92 bln on social protection in 2018 ECONOMY

Turkey spent $92 bln on social protection in 2018
Central Bank slashes key rate to 12 percent ECONOMY

Central Bank slashes key rate to 12 percent
KoçSistem exec among top 50 tech CEOs ECONOMY

KoçSistem exec among top 50 tech CEOs
Saudi Aramco market value exceeds $2 trillion ECONOMY

Saudi Aramco market value exceeds $2 trillion
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  1. Turkish cities beat European rivals in fastest growth

    Turkish cities beat European rivals in fastest growth

  2. Former Turkish PM Davutoğlu launches ‘Future Party’

    Former Turkish PM Davutoğlu launches ‘Future Party’

  3. US Senate passes so-called Armenian genocide resolution

    US Senate passes so-called Armenian genocide resolution

  4. Turkey lashes at US resolution on 1915 Armenian events

    Turkey lashes at US resolution on 1915 Armenian events

  5. US position on Armenian claims not changed: US official

    US position on Armenian claims not changed: US official
Foreign economists expect cut in interest rates ECONOMY

Foreign economists expect cut in interest rates

Foreign economists on Dec. 11 projected the Turkish Central Bank would end the year with 150-200 basis points cut in its main policy rate.

Turkey to take care of export-fueling sectors, says minister ECONOMY

Turkey to take care of export-fueling sectors, says minister

Turkey will take care to support sectors focused on exports and value-added production, the country’s finance and treasury minister said on Dec. 11.
Demand in Germany for holiday trips to Turkey on rise: Association ECONOMY

Demand in Germany for holiday trips to Turkey on rise: Association

German Travel Association says turnover of travel agencies, online sales in summer up 24 percent on-year

Jewelry exports hit $378 mln ECONOMY

Jewelry exports hit $378 mln

Turkey’s jewelry exports climbed by 37 percent on an annual basis to $378 million in November, according to data from the Jewelry Exporters’ Association.
Boost for Saudi Arabia as Aramco shares surge 10 pct on debut ECONOMY

Boost for Saudi Arabia as Aramco shares surge 10 pct on debut

The shares leapt to 35.2 riyal ($9.39) each, up from the initial public offering (IPO) price of 32 riyals and at the daily limit of price moves allowed by the Tadawul exchange.
Turkish industrys productivity up 1.1 pct in Q3 ECONOMY

Turkish industry's productivity up 1.1 pct in Q3

The productivity of the Turkish industry increased by 1.1% year-on-year in the July-September period of 2019, the Ministry of Industry and Technology announced on Dec. 11.
Current account posts $1.55B surplus in October ECONOMY

Current account posts $1.55B surplus in October

Turkey's current account balance posted a surplus of nearly $1.55 billion in October, according to official figures released on Dec. 11.
Turkish Airlines serves some 69M passengers in Jan-Nov ECONOMY

Turkish Airlines serves some 69M passengers in Jan-Nov

Turkey’s national flag carrier Turkish Airlines served 68.8 million passengers in the first 11 months of 2019, the company announced on Dec. 10.
Turkeys high-tech exports reach nearly $5B ECONOMY

Turkey's high-tech exports reach nearly $5B

Turkey's high-technology product exports reached nearly $5 billion in 2019, the country’s deputy industry and technology minister said on Dec. 10.
Turkish Treasury borrows $976M through auctions ECONOMY

Turkish Treasury borrows $976M through auctions

The Turkish Treasury borrowed 5.66 billion Turkish liras ($976.2 million) from domestic markets through three auctions on Dec. 10.
Russia, China aim for $200B bilateral trade turnover ECONOMY

Russia, China aim for $200B bilateral trade turnover

Two countries enjoy cooperation in energy sector, financial institutions and development of infrastructure

Ankara expects single-digit rates next year ECONOMY

Ankara expects single-digit rates next year

Turkey will attain single-digit inflation and interest rates, President Recep Tayyip Erdoğan has said, adding that this will pave the way for investments, job creation and production.