World Bulletin / News Desk
The Chairman of the Executive Board of Turkey's Union of Automotive Industry Exporters (OIB), Orhan Sabuncu on Sunday said that "while Turkish automotive exports dropped 17 percent in August compared to the same month last year, they would continue to work so the automotive industry's export figures reach 20 billion USD by end 2012".
In a written statement released in response to a report by the automotive industry, Sabuncu stated that the decline in automotive exports in August were mainly due to the economic crisis in the EU.
"Automotive exports constituted 13 percent of all Turkish exports in the first eight months of 2012. The Turkish automotive sector's sales to foreign countries were worth 12.5 billion USD in the first eight months of 2012," Sabuncu underlined.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
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Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
BIST 100 rises 0.69 percent; US dollar/Turkish lira exchange rate stands at 4.0830
The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Excluding interest payments, central government budget balance saw surplus of nearly $500M in first quarter of 2018
London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.
The US, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.