World Bulletin / News Desk
Moody's Investors Service on Wednesday raised Turkey's government bond ratings by one notch to Ba1 from Ba2, and maintained its positive outlook on the country.
The agency cited a significant improvement in Turkey's public finances and the resulting increased shock-absorption capacity of the government's balance sheet.
It also noted policy actions that have the potential to address external imbalances, such as the large current account deficit, which is the largest credit risk facing the country.
"Looking ahead, an upgrade to an investment-grade rating will probably be dependent on Turkey becoming more resilient to balance-of-payment shocks, given the already favourable public-finance metrics," Moody's said in a statement.
More than 14,000 civilians, majority of them from the Alevi community, were killed in a military offensive in Dersim province in 1937.
Turkey's Humanitarian Relief Foundation says 'Turkey's future interwoven with solution process.'
Turkish premier Davutoglu wishes commercial routes to replace the refugee routes between Syria's war-torn Aleppo and Turkey's Gaziantep
The Department of Foreign Affairs in Turkey has moved to enable them to return to Turkey.
Turkish and Chinese state-owned companies, and a private U.S.-based company have signed an agreement to build a nuclear power plant in Turkey.
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Turkish dailies on Tuesday cover President Erdogan’s remarks at a Women and Justice Summit, an interview by the leader of the pro-Kurdish Peoples' Democratic Party, Selahattin Demirtas on the ongoing 'peace process,' as well as actor-director Russell Crowe's remarks on the Battle of Gallipoli
A local court in Manisa rejects an indictment regarding the Soma mine disaster that claimed 301 lives
Istanbul-based Fener Greek Orthodox Patriarchate sees Pope Francis’s upcoming visit to Turkey as a 'continuation of the dialogue' between West and East churches
Turkish and U.S. cooperation is likely to focus on strengthening Syria's moderate opposition, with the first group of fighters expected to start training in Kirsehir in months.
Russian President Vladimir Putin will arrive in Turkey on December 1 to attend the 'Turkish-Russian High-Level Cooperation Council' meeting.
Turkish authorities strive to intensify economic cooperation with Macedonia, Turkey's parliament speaker says
The new internal security bill aims to restructure Turkey’s law-enforcement agencies, domestic security and civilian affairs' authorities.
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The European Parliament’s resolution calling for the removal of Turkish warships off Cyprus coast is unacceptable, Turkish parliament speaker says.
The Turkish official said the 2,000 Syrian rebel fighters would be among a total of 5,000 being trained in several countries as part of the U.S.-led campaign.