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.
Excavations in eastern Turkey show thousands of Muslims were massacred by Armenian gangs in 1918, say research experts.
Ferhat Yildiz was sentenced to prison for 11 years and eight months in an Istanbul court today
Reactions of Turkish government and opposition parties over European Parliament’s recent resolution recognizing 1915 events as 'genocide' dominated Turkish dailies' headlines Friday.
Turkey will provide $200 million to Gaza Strip for reconstruction efforts.
The annual Trip Advisor's Travellers Choice Award has voted Istanbul as the top travellers destination for Europe for 2015.
Bomb disposal searched plane after a note claiming there was a bomb on the plane.
At Financial Times Summit on Turkish economy, experts agree that Turkish economy is being transformed, with industry moving to more knowledge-intensive production.
Deputy Prime Minister Ali Babacan says Islamic finance model offers additional financial instruments with less risk.
Turkey rejects European Parliament’s resolution recognizing 1915 events as "genocide", Davutoglu tells EU Parliament president in telephone call.
The Turkish military has blamed the incident in Turkey’s southeastern Sirnak province on the outlawed Kurdistan Workers' Party.
Turkish Minister Bozkir says he will return resolution letter on 1915 incidents 'without even opening it'.
Turkish dailies on Thursday covered announcement of AK Party’s election manifesto and President Erdogan’s remarks on European Parliament resolution describing 1915 events as "genocide".
Turkish Airlines suspends all flights to Sanaa and Aden due to political unrest.
Turkish Foreign Ministry says the 'preposterous text' of the resolution repeats the anti-Turkish clichés of the Armenian propaganda.
Minister Mehdi Eker warmly welcomed Ambassador Mahmood on his assignment in Turkey and reaffirmed his support for the efforts to deepen mutual collaboration in agriculture and livestock sectors.
Eight British citizens sent from Antalya airport back to UK after they allegedly sought to join militant groups in Syria and Iraq.