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01:55, 30 July 2014 Wednesday
Economy

09:43, 30 June 2014 Monday
Turkish PM renews criticism of high interest rates

‘High interest rate policy is a form of cruelty against common people,' said Turkish PM Recep Tayyip Erdogan

12:14, 24 June 2014 Tuesday
Mixed signals for Turkish economy

Confidence in the service and construction sectors rose in June but fell for the retail sector.

17:37, 17 June 2014 Tuesday
Turkish missile producer signs agreement with Saab

Roketsan and Saab Dynamics will work together to develop a new anti-tank missile systems.

10:58, 07 June 2014 Saturday
Turkey plans tax amnesty ahead of presidential polls

The central bank cut interest rates for the first time in a year last month, despite high inflation, after calls for such a move from Erdogan, eager to maintain economic growth as Turks go to the polls.

14:21, 03 June 2014 Tuesday
Turkish PM Erdogan slams C Bank over interest rates

Data on Tuesday showed Turkish inflation rose less than expected in May, but the annual increase stayed above the central bank's forecast for the end of the year, bolstering its case for keeping monetary policy tight.

16:58, 02 June 2014 Monday
Qatar army to invest in Turkey army vehicle maker

Turkey's ES Mali Yatirim, owner of anti-landmine vehicle manufacturer BMC, asked the competition authority for permission to have Qatar army's industry committee on its board to help with BMC's recovery.

15:49, 30 May 2014 Friday
Trade between Turkey and Arab states soars

Trade between Turkey and Arab countries grew eight-fold last year.

09:42, 30 May 2014 Friday
Turkey's Finance Minister Keeping inflation low enables growth

The inflation rate in Turkey is currently quite high the Turkish Finance Minister Mehmet Simsek remarked adding that his priority was to keep the rate at single digit levels.

15:54, 28 May 2014 Wednesday
Turkey's Central Bank reserves down

Turkey's central bank total reserves decrease by US$124 million in week ending March 14. Volume of loans from Turkey's banking sector increased by 7.1 billion TL in a week.

15:48, 28 May 2014 Wednesday
Turkey invites Arab world to invest

Participants in the 9th Turkish Arab Economic Forum discuss challenges facing Arab economy in terms of economic fallout, post political transition, managing expectations, dealing with unemployment, revitalizing investments and economic growth. Turkish Finance Minister Mehmet Simsek spoke on the Central Bank of Turkey, Istanbul's third airport and inflation on the sidelines of the forum

09:29, 28 May 2014 Wednesday
Turko-Italian consortium signs 3rd Istanbul bridge deal

Rome-based Astaldi says a deal with Turkish banks for a $2.3 billion loan for the construction of Yavuz Sultan Selim Bridge has been signed

16:34, 27 May 2014 Tuesday
S amp P economist Turkish lira stability cuts interest rate

Standard & Poor's Chief Economist believes stability of Turkey's currency has caused interest rate cut by the country's central bank.

17:18, 24 May 2014 Saturday
Northern Iraqi oil payments to be deposited in Halkbank

Northern Iraq will open an account with Turkey’s state-owned Halkbank to deposit payments for its oil and gas exports, the Kurdish government says

10:12, 24 May 2014 Saturday
World Bank Turkey to increase high value added goods

The World Bank advised Turkey to increase its share of high value added exports in order to become one of the top ten largest economies in the world by 2023.

10:58, 23 May 2014 Friday
Standard amp Poors keeps Turkey's credit rating at BB

Turkey's economic outlook also remains to be "negative"

14:27, 22 May 2014 Thursday
Turkish Central Bank cuts main interest rate in surprise move

It kept its overnight lending rate at 12 percent and overnight borrowing rate at 8 percent.

13:57, 21 May 2014 Wednesday
Economists forecast Turkish interest rate cut by July

Economists do not expect an immediate interest rate cut from the monetary policy committee of Turkey's central bank on May 22.

12:45, 21 May 2014 Wednesday
Turkish businessman acquires army vehicle maker BMC

Turkey approves the sale of BMC to Turkish businessman Ethem Sancak, who heads Turkish Es Mali Yatirim.



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