Turkish economy

Turkey: Record hazelnut exports rise 27.5%

Turkey's hazelnut exports rose 27.5% to reach 343,561 tons from September 2019 to August 2020 year-on-year – a new record – a regional trade union announced Wednesday, Amadolu agency reports. The Black Sea Hazelnut and …

Read
Turkey's exports hit $12.5 bln in August

Turkey's exports reached $12.5 billion in August, decreasing 5.7% from the same month last year, the Trade Ministry announced on Sept. 2, Hurriyet daily news reports. Turkish imports boosted 20.6% to $18.8 …

Read
Turkey: Central Bank keeps interest rates steady

The Turkish Central Bank on Thursday kept its one-week repo rate – also known as the policy rate – constant at 8.25%, holding it unchanged for the third straight month, Anadolu agency reports. The decision was announced in a …

Read
Erdogan calls on to dump dollars and use lira

Turkish President Recep Tayyip Erdogan called on citizens to use the Turkish lira instead of the U.S. dollar in transactions. “Leave the dollar and the rest. Let’s turn to our money, the Turkish lira. …

Read
IMF raises Turkey growth forecast

The IMF sharply increased its forecast for Turkey’s economic growth this year but warned the prospects of a sustainable recovery from last year’s currency crisis have dimmed. In a concluding statement published after an …

Read
Azerbaijan and Turkey increase trade turnover

In June 2019, the trade turnover between Turkey and Azerbaijan increased by $644.300 million, compared to June 2018, and amounted to $789.259 million, a source in the Ministry of Commerce of Turkey said. "In June 2019, …

Read
Moody's downgrades Turkey rating to B1

Moody's Investors Service cut Turkey’s sovereign credit rating to B1 from Ba3 and maintained a negative outlook, the rating company said in a statement. The agency noted that the risk of a balance of payments crisis …

Read
Erdogan unveils Turkey's second 100-day action plan

Turkish President Recep Tayyip Erdogan unveiled the second 100-day action plan of Turkey's new presidential Cabinet at the presidential palace in Ankara. 'Turkey has completed 340 of the 400 projects from the …

Read

Populars