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.
Greek jets locked onto Turkish jets as they flew in international air space over the Aegean Sea.
Turkey has promised to help Crimean Tatars maintain their cultural and linguistic identity in the hope that their language will officially be recognized.
Slowing economies and higher interest rates will drag banks in emerging markets, says ratings agency.
A Greek court refused Turkey's demand to extradite illegal organization member Huseyin Fevzi Tekin, who was detained in his home with ammunition in Athens.
Kurdish politician and writer Yasar Kaya, founder of the Kurdish nationalist Democracy Party, returns from 21-year exile in Germany to Turkey.
Thursday's newspapers mainly cover President Abdullah Gul’s comments on Turkey's August presidential election, the ruling AK Party’s meeting on that contest, high-level talks between Twitter and Ankar, plus a ferry disaster in South Korea.
Turkey's main opposition party called for a parliamentary inquiry to look into imprisonment of some 300 members of Turkish Armed Forces.
Energy cooperation between Turkey and Iraq’s Kurdish regional government is stated clearly to both the U.S. and the government in Iraq, says Turkey’s Prime Minister Recep Tayyip Erdogan.
The Turkish government sponsors a number of charity and development projects in the Gaza Strip.
Ankara's current efforts towards streamlining trade are aimed at fully widening scope of business with Iran, says Turkish Development Minister at Tehran forum.
The massacre of Muslims in the Central African Republic has been compared to the genocides in Bosnia and Rwanda.
The 'Invest in Italy' conference in Istanbul heard of a huge discrepancy in Turkish-Italian investment.
The boat is said to have been illegally transporting migrants to Greek islands.
Turkey, which last year was ranked 16th, skipped ahead of Canada, which has had to cut back its military spending.
The subject is one of a series of issues ranging from increased gas supply and gas price revisions to nuclear power that Turkey and Russia are set to take up in talks in Ankara next week
HAVELSAN, which is partly owned by a Turkish Armed Forces-linked foundation, has a logn history in training defense and communications industries in Turkey and other countries in military software systems.