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Stocks, euro rise on Greek bailout optimism
After meeting with Greek PM Tsipras in Brussels, German government spokesman has indicated optimism for progress. European stocks have gone broadly higher and the euro has moved up against the U.S....
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Saudi Arabia to open stock exchange to foreigners
Exchange authorities will permit large foreign investors to buy as much as 49 percent of a quoted company Saudi Arabia announced on Monday that direct foreign investment in the stock market will soon...
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Turkish industrial production up 1.7 percent in February
Durable goods production rose 6.6 percent and mining increased 5.8 percent from the previous month Turkish industrial production increased 1.7 percent in February from the previous month, and 1...
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Zipcar enters Turkish market
US-based company enters Turkish market to provide car-sharing scheme in Istanbul  Zipcar, a U.S.-based car rental company, has entered into Turkish market in cooperation with a prominent auto firm to...
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Middleman is to blame for high Turkish food prices
 High food prices are one of the biggest drivers in Turkish inflation. Turkish food prices are high, and the middleman is mostly to blame, experts told The Anadolu Agency on Wednesday. Why are food...
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Turkey: Inflation could hit 5%
Consumer price inflation in Turkey might decline to its lowest point in the last 45 years by the end of this year, the head of the Central Bank of Turkey Erdem Basci said on Tuesday. Speaking at the...
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Turkey set to build economic zone in Djibouti: Minister
Turkey is set to build an economic zone in Djibouti as part of the former's efforts to encourage the Turkish business community to invest in the Horn of Africa nation at a large scale and to boost...
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Turkey more than doubles exports in last decade
Turkey’s automotive, ready–made garments and chemicals sectors lead the way in overall exports last decade which hit the $1.2 trillion mark, data from the Turkish Exporters Assembly shows. Growing...
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Turkish gasoline prices continue dropping
Turkish gasoline prices dropped from average of 0.4-0.6 liras per liter at midnight on Thursday. In Ankara 95-octane unleaded gasoline will be sold between 4.16 and 4.17 liras per liter, between 4.14...
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Turkish exporters suffer from euro's decline in value
Exporters are paid in euro, but pay costs in dollars, which has risen sharply against the European currency since last year. Turkish exporters are suffering from the decline in value of the euro...
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Turkey’s insurance sector posts 6.4 pct growth
Turkey’s insurance sector grew 6.4 percent in the first 11 months of 2014 compared to the same period last year. According to data released by the Insurance Association of Turkey on Wednesday, the...
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Turkish gold imports surge in November
Turkey's gold imports have surged to their highest level on record in November at 47 tons worth nearly $2 billion. The country’s imports in November reached 46.9 tons, an increase of 609 percent from...
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Report: Turkey's inflation slows some but remains high
Consumer prices in Turkey rose less than analysts had expected in November, according to official data released Wednesday. The consumer price index was up 0.18 percent in November compared with 9.15...
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Turkey: Poverty level unchanged in 2013, TurkStat says
The number of Turkish residents living on less than $2.15 a day remained unchanged in 2013, according to official figures released on Tuesday. According to a study by the Turkish Statistics...
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Turkey's exports decrease 6.4 percent in November
Turkish exports decreased by 6.4 percent last month compared to November last year as regional tensions and a slow EU economic recovery hit the country’s exports, the Turkish Exporters' Assembly...
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Turkey assumes G20 presidency
Turkey will lead aG20 push to include poor countries in decision-making, the Turkish Deputy Prime Minister said on Monday, which marked the official start of Turkey’s Presidency of the G20....
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Turkey's foreign trade deficit dips in October
Turkey's foreign trade deficit shrank for the second consecutive month in October, the Turkish Statistical Institute said Friday. In October, the country's foreign trade deficit declined from $7.4...
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Solutions to cyberattacks inadequate: Turkish official
The current global technology solutions to deal with cyberattacks remain inadequate, Turkey’s Undersecretary for Defense Industries said Thursday. Ismail Demir also stressed that cyberattacks against...
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Turkey holds talk for increased gas supply from Russia
Natural gas talks with Russia to secure price discounts for increased supplies from Gazprom to Turkey are in progress, said Turkey's energy minister on Wednesday inMoscow. After the thirteenth...
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ECB's quantitative easing is short-term fix: Experts
Experts say that the European Central Bank's decision to undertake a quantitative easing program is a short-term fix that could leave important issues unresolved. The quantitative easing program is a...
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