The Turkish Trade Ministry has opened a dumping investigation against Saudi Arabia upon a complaint by the country’s leading petrochemical company about low-density polyethylene imports from the Gulf country.
Some 37 people who collected 200 million liras ($25.2 million) from nearly 12,000 people in six months, with the promise of giving high revenue in return with Turkey’s “national” alternative digital currency, were sued for fraud, according to a report by daily Hürriyet.
European Central Bank (ECB) chief Christine Lagarde said on Oct. 18 it was “crucial” for the EU’s 750-billion-euro coronavirus recovery plan to succeed as new epidemic-busting measures weigh heavily on the bloc’s economy.
Turkey's external assets were $227.4 billion at the end of August, down 10.2% from the end of last year, the Turkish Central Bank announced on Oct. 19.
Residential property sales in Turkey dropped 6.9% year-on-year in September, the country’s statistical authority announced on Oct. 14.
BP, one of Trans Adriatic Pipeline’s main shareholders, confirms plans to ship gas to Europe from Azerbaijan by year-end
The Turkish Space Agency (TUA) signed a memorandum of understanding on Oct. 14 with Kazakhstan's national space agency Kazcosmos on bilateral cooperation in the space sector.
Turkey under the leadership of President Recep Tayyip Erdoğan will establish a new executive industrialization committee to make the country an essential player of global competition by expanding its capacity, the Turkish industry and technology minister said on Oct. 14.
The Turkish Armed Forces (TSK) are modernizing their armored vehicles with new weapon systems and high-tech mission equipment, state-run Anadolu Agency reported on Oct. 14.
The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century.
Loans extended by local lenders to Turkey’s small and medium-sized enterprises (SMEs) surged by 223 billion Turkish Liras ($28 billion) in the first eight months of the year, Anadolu Agency reported, citing data from the banking regulator BDDK.
The Turkish economy saw a jump in total turnover in August - over 23.5% - on a yearly basis, the country's statistical authority announced on Oct. 13.
A Turkish company has signed a 14-year contract in Somalia to operate and rehabilitate the port of its capital city, Mogadishu, local media reported on Oct. 12.
Automotive companies operating in Turkey have increased employment this year, although the coronavirus pandemic has cut production and revenues, the head of a sectoral association has said.
Automakers in Turkey produced 854,227 vehicles, including automobiles, light commercial vehicles, and tractors, this January-September, according to a sector report released on Oct. 12.
Turkey's current account balance registered a deficit of $4.6 billion in August compared to 3.3 billion surplus in the same period of 2019, the country's Central Bank said on Oct. 12.
ECONOMY
