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.
Turkey government budget forecast expects 94.4 billion Turkish lira from the special consumption tax in the coming year
"We are taking the same measures as Europe and the U.S. regarding security," says Erdogan, defending the introduction of a bill to extend police powers.
The natural gas pipeline, which may be used by Bulgaria and Greece, will be built by BOTAS, in the northwestern Turkish city of Corlu
The recent successes of young Turkish women in winning major international science awards has turned the spotlight on technology and education in the country.
Suspects allegedly eavesdropped on politicians, journalists, lawyers and military officers while working for an illegal organization
Turkey's allowing peshmerga to cross into Syria to fight against ISIL militants in Kobani is extensively covered by Turkish dailies Tuesday
Istanbul Eyup Hospital's emergency service was closed on Tuesday when a suspected coronavirus patient was brought in
EU Commission releases its first report on the progress Turkey has made towards lifting visa obligations for Turkish citizens
Series of deaths come amid pro-Kurdish protests around country
Press TV journalist dies after her car crashed into a construction vehicle near the border
Turkish Foreign Minister said that Turkey was facilitating the passage of Iraqi Kurdish peshmerga fighters to Kobani to aid Syrian Kurds
'If oil prices continue to decrease over the next year, Turkey's budget deficit will fall by 10 percent,' says energy min
Monday's papers covered a meeting on the "solution process" between the Turkish government and the 'wise men' delegation of experts
The Turkish Central Bank has disclosed that the private sector has seen its long-term foreign debt increase to $166.2 billion since December
12 countries along with host Turkey will gather in Istanbul for four days of military drills on Oct. 20
The Turkish president has appreciated the “Wise Men Committee” for its role in the settlement process with the outlawed Kurdistan Workers’ Party