World Bulletin / News Desk
Turkish Central Bank revised the year-end consumer prices index (CPI) down to 6.98 percent in its second term survey of expectation for July 2012.
The year-end CPI had been 7.02 percent in the first term survey for July 2012 of the Central Bank.
The bank's expectation for year-end current account deficit dropped to 63.4 billion USD from 63.8 billion USD.
Expectation for the year-end USD exchange rate rose to 1.8117 Turkish lira from 1.8052 TL.
Gross domestic product expectation remained at 3.6 percent.
The aim of the Survey is to find out the expectations of experts and decision makers from the financial and real sectors and professionals, pertaining to CPI inflation, interest rates, exchange rate, current account balance and GNP growth rate. The Survey is conducted twice a month, in the first and third weeks of every month.
Akyurek was charged with negligence on the job at the time of the Turkish-Armenian journalist's murder.
Central Bank Governor Erdem Basci appeared to dismiss any suggestion that he might resign, saying that public duty should be performed for the full period in which it is assigned
The new 6.5 km undersea tunnel will reduce travel time between the two sides of Istanbul via metro and highway lines to 14 minutes.
Turkey has chosen a Chinese company as the preferred bidder for the $3.4 billion project but is also pressing ahead with talks with U.S. and European firms as questions remain about the Chinese proposal
Police detained a man, believed to be mentally unstable, for questioning
Friday's dailies mostly cover the Taliban bomb attack on a Turkish convoy in Afghanistan and Turkish football team Besiktas which dramatically beat Liverpool 5-4 on penalties in the UEFA Europa League.
UN high commissioner for refugees says 3.8 million Syrian refugees are registered in neighboring countries.
Turkish defense contractor Aselsan and French defense contractor Thales on Thursday agreed to install Thales-made Lightweight Multi-role Missiles on Turkish Aselsan's launch-pad
Babacan met PM late on Wednesday, triggering speculation but officials dismiss talk of resignation
A mosque was torched Wednesday near the southern city of Bethlehem.
Premier Davutoglu says such attacks will never discourage Turkey from contributing to maintaining peace and stability in Afghanistan.
Thursday’s dailies focus on Turkish president Erdogan’s remarks on latest interest rate cut, aftermath of military aircraft crash in eastern Turkey and further details on 'Shah Firat' operation in Turkey's Syrian exclave.
Turkish President questions whether central bank was under external influence in a speech given in Ankara today.
Turkish parliament’s general assembly accepts first 20 articles of 132-article domestic security package.
Parliament Speaker Cemil Cicek tells Canadian Turks that community groups should become more united.