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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey is set to introduce a new system to increase the data quality in tracking suspicious transactions, in line with efforts to boost the fight against money laundering and terrorism financing, senior officials announced on April 26.
The impact on the state budget of recent measures to boost Turkey’s economy will only be minimal and will gradually decrease, Finance Minister Naci Ağbal has said.
The Central Bank has kept its main interest rate unchanged but continued to tighten monetary conditions by raising its late liquidity lending rate by 50 points.
Customs and Trade Minister Bulent Tüfenkci has backed the World Trade Organization’s (WTO) first-ever multilateral trade agreement, saying it would help developing countries boost their exports.
Turkey hopes to sign a major defense export deal with Saudi Arabia, Defense Minister Fikri Işık said on April 26, describing the potential deal as one of the biggest for the country’s defense industry.
Turkey’s struggling tourism sector wants to give a boost to the number of Turks traveling within the country and thus increase the share of local tourists in total numbers.
The pace of growth and development in the Turkish economy and its foreign trade implications over the last decade, coupled with the deepening interconnectedness of markets across the globe and the interdependence of national economies
The eurozone economy grew at its fastest pace in six years in April on the back of strong demand and “widespread optimism” about the outlook, a closely watched survey showed April 21.
Recent developments indicate the resilience of the Turkish economy and supportive fiscal and macro-prudential policies have mitigated the downside risks on economic activity, Central Bank Governor Murat Çetinkaya said April 20.
Turkey’s main stock exchange Borsa Istanbul is working on new financial instruments that will bring higher yields for lower risks and be based on several unusual products including popular TV series, car manufacturing projects and construction projects, the bourse’s head has said.
The Saudi-based Islamic Development Bank (IDB) is in talks with Turkey’s main stock exchange Borsa Istanbul to buy a stake, the bourse’s chairman told Reuters on April 19, adding that they wanted to complete the negotiations by the end of the year.
Turkey’s benchmark index closed the week with a 384.55-point hike to reach 92,423.93 points on April 21, marking it the second highest close of all time.
Turkey’s Labor and Social Security Ministry has dubbed 2018 as the year “to fight child labor” and prepared an action plan that includes several key measures, from tighter controls in child labor intensive sectors to closer examination to schools’ student attendance records, in a bid to achieve this goal.
The number of registered women wage-earners in Turkey fell by 40,000 in December 2016 compared to the same month of 2015, according to a new report prepared and released by the Economic Policy Research Foundation of Turkey (TEPAV).
The Turkish unemployment rate of 13 percent registered in the December-February period will be a peak and will fall to around 9.5 percent by the end of 2017 and below 8 percent in 2018, Labor Minister Mehmet Müezzinoğlu has claimed.
Western partners of gas giant Gazprom agreed on April 24 to provide half the financing for the 9.5-billion euro ($10.32 billion) Nord Stream 2 pipeline, removing a big hurdle for a Russian plan to pump more gas to Europe.
Turkey started its seismic energy exploration in eastern Mediterranean on April 21 in line with the government’s “National Energy and Mining Policy,” state-run Anadolu Agency has reported.
Genel Energy, the Iraqi Kurdistan-focused oil producer co-founded by former BP boss Tony Hayward, on April 24 named Stephen Whyte to succeed the retiring Hayward in June.
Turkey’s tourism sector has kept losing its share in Germany, with German tourists opting to visit other countries such as Spain and Greece rather than Turkey, amid security concerns and recent tensions in bilateral ties, said a leading sector association on April 21.
The Gazipaşa-Alanya Airport in the southern province of Antalya has welcomed its first flight arrival from Russia, amid the start of the summer season, the company said in a statement on April 21.
Turkey will increase the duration of visa-free stay for Russian citizens, Foreign Minister Mevlüt Çavuşoğlu said April 23.