Turkey can produce goods cheaper and sell those products to other countries and raise revenues in U.S. dollars like China has done, but Turkey has more advantages in terms of luring foreign investments, President Recep Tayyip Erdoğan has said.
As part of the Paris Agreement, Turkey will continue to participate in the process of collaborating with the international community and will do so with an understanding that will strike a balance between its own development goals and the sensitivities of humanity, President Recep Tayyip Erdoğan said at an assessment meeting on climate policies on Dec. 2
The country will see the cumulative effects of its current monetary policy in the first half of the next year, Central Bank Governor Şahap Kavcıoğlu said on Dec. 2, adding that the soaring inflation will ease soon.
Renault Group, which has been operating in Turkey since 1968, has decided to establish a new company to enhance its investments in the country, according to a company statement released on Dec. 1.
Turkish exports reached an all-time high with $21.5 billion in November, the trade minister says, adding that foreign trade will continue to support strong growth of the Turkish economy
Turkish factory activity stayed in the positive territory for the sixth month in a row, but a sharp increase in costs pushed output price rises to their fastest pace on record, a key survey showed on Dec. 1.
President Recep Tayyip Erdoğan appointed a new finance and treasury minister on Dec. 2 after Minister Lutfi Elvan resigned, according to a presidential decree issued in the Turkish official gazette.
Turkey’s Central Bank on Dec. 1 intervened to prop up the value of the Turkish Lira.
The European Bank for Reconstruction and Development (EBRD) is extending a new Turkish Lira-denominated long-term loan equivalent to $110 million to Enerjisa Enerji, one of Turkey’s largest utilities, according to statements released on Nov. 30.