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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s flagship carrier Turkish Airlines have signed world renowned Hollywood actor Morgan Freemen as its new brand face to represent it in the U.S. as a part of a new advertisement campaign, the company announced on Jan. 19.
Some 4,523 companies were established by foreigners in 2016 in Turkey with Syrians taking the lion’s share, followed by Iranians and Iraqis, a data released on Jan. 20 showed.
Protectionist policies from the new U.S. administration of President Donald Trump will probably have a negative impact on the economy, overshadowing any positive gains from economic stimulus measures, the head of the IMF said on Jan. 20.
A leading retailer has said the sector has been experiencing its “most catastrophic” times due to heavy losses in the value of the Turkish Lira, which has hit purchasing power, and a number of new regulations, noting that revenue losses have hit up to 40 percent
Mahindra & Mahindra Ltd, a part of the $17.8 billion Mahindra Group, has announced it acquired a majority stake in Hisarlar, a farm equipment company based in Turkey, in a bid to expand into the Turkish and European markets.
Gazprom’s investments in gas midstream will grow by 6.8 percent year-on-year to 911.2 billion rubles ($15.3 billion), including the Turkish Stream project, the Russian gas holding said on Jan. 19, as reported by TASS.
General Motors Co on Jan. 17 confirmed it will invest an additional $1 billion in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier
Comment(s)1/18/2017
A Chinese official has admitted his province falsified its economic data for years, state media said on Jan. 18, as the country prepares to release its national growth estimates for 2016.
The Central Bank will do what is “necessary” on interest rates, Turkish Deputy PM Mehmet Şimşek has said at the World Economic Forum in Davos, adding that nothing was more critical than its credibility.
Comment(s)1/19/2017
Comment(s)1/20/2017
Economist Tim Ash, who has followed Turkey closely for almost two decades, has said the losses in the Turkish Liras are of “great concern” amid broader uncertainty, but the issue can be addressed if the Central Bank moves rapidly
Comment(s)1/16/2017
The Turkish Central Bank skipped its one-week repo auction on Jan. 16, aiming to boost the Turkish Lira by reducing the amount of local currency circulating in markets
The Central Bank will not hesitate to take whatever steps are necessary after sharp falls in the Turkish Lira, Prime Minister Binali Yıldırım told reporters on Jan. 17 after a meeting the day before with top economy officials and President Recep Tayyip Erdoğan
Comment(s)1/17/2017
Grandmothers who look after their grandchildren while their parents are at work will be offered financial support in a pilot project, Labor Minister Mehmet Müezzinoğlu has said.
Comment(s)1/5/2017
Some 6,087 workers have been killed on the job in the last five years in Turkey, according to Confederation of Merchants and Craftsmen (TESK) chair Bendevi Palandöken
Comment(s)12/5/2016
Turkey’s unemployment rate rose to 11.8 percent in October 2016 marking the highest such rate since March 2010, when it hit 12.8 percent, the Turkish Statistical Institute (TÜİK) announced on Jan. 16
Bulgaria will halt exports from local power generators from Jan. 12 to ensure sufficient electricity supplies after freezing temperatures led to an increase in power demand, the energy ministry said
Comment(s)1/12/2017
Turkey does not anticipate electricity and gas price hikes in 2017 despite recent cost increases, Energy Minister Berat Albayrak said on Jan. 6
Comment(s)1/6/2017
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said
Spanish King Felipe VI expressed support for Turkish tourism at an international travel expo on Jan. 18, saying the country’s industry would recover quickly.
Turkey’s tourism sector, which has been hit by several factors, needs four years to rebound, according to a leading sector representative
Comment(s)1/15/2017
Half of Russia’s holidaymakers have chosen Turkey as their top travel destination in 2017, a report released by the Association of Tour Operators in Russia (ATOR) stated