News in Turkish
27 September 2023 Wednesday
Loss of growth in British economy
Loss of growth in the British economy has shaved 1,400 pounds off household annual incomes. British think tank Resolution Foundation published a report titled 'How and why the UK economy should be made more dynamic' and stated that it will be "virtually impossible" to deliver tax cuts until the UK economy improves.
22 Eylül 2023 - 11:12
3.2 billion dollars from the World Bank to Türkiye
21 Eylül 2023 - 12:02
Serious crisis in US oil stocks
20 Eylül 2023 - 16:41
Strong interest to electric cars in Europe
19 Eylül 2023 - 12:06
Record increase in Türkiye's exports
18 Eylül 2023 - 12:24
Billion dollar investment from Alibaba in Türkiye
Economic crisis in Argentina growing
Sanction decision from US to Turkish companies
Global concern report from Fitch Ratings
Noteworthy decision by Moscow Stock Exchange
New comment from Fitch on Türkiye's credit rating
05 Eylül 2023 - 11:59
Turkish economy forecast from world-renowned banks
World-renowned banks JP Morgan and HSBC updated their inflation and interest rate forecasts for Türkiye. HSBC bank raised its inflation forecast for Türkiye by 4 points and JP Morgan raised its forecast to 45 points before the policy rate to be announced by the Central Bank of Türkiye on Thursday.
04 Eylül 2023 - 11:38
Türkiye's export record in automotive sector
The automotive industry, which exported 2 billion 738 million dollars in July in Türkiye, was followed by chemical products with 2 billion 665 million dollars and clothing and apparel with 1 billion 674 million dollars. With this, the highest export increase was recorded in ships, yachts, and services with 293.3 percent.
02 Eylül 2023 - 11:27
Global interest rates to remain high, IMF says
International Monetary Fund (IMF) First Vice President Gita Gopinath stated that they expect global interest rates to remain high for a long time as the struggle to return inflation to targeted levels continues.
01 Eylül 2023 - 11:55
Moody's positive forecast for Turkish economy
International credit rating agency Moody's raised its growth forecast for the Turkish economy from 2.6 percent to 4.2 percent this year and from 2 percent to 3 percent next year.
31 Ağustos 2023 - 15:26
'25 billion dollar trade volume aimed at CEPA '
The "Comprehensive Economic Partnership Agreement" (CEOA) between Türkiye and the United Arab Emirates (UAE) will enter into force on Friday. While a trade volume of 25 billion dollars is targeted in 5 years, the agreement also covers services in which Türkiye is strong.
31 Ağustos 2023 - 12:00
Record level of imports between EU and Russia
Although the European Union (EU) has set a target to end fossil fuel imports from Russia within a few years, it is noteworthy that it has increased its liquefied natural gas (LNG) imports from this country to record levels. EU countries imported a record total of 13.2 billion cubic meters of LNG from Russia in 2023’s January-July.
29 Ağustos 2023 - 11:18
Türkiye statement from IMF about possible visit
The International Monetary Fund (IMF) made a statement regarding its visit to Türkiye at the end of September. In the statement, it was stated that the technical team of the visit will be carried out within the scope of preparation for the Article 4 consultation that it is a routine visit, and that Türkiye has not requested any financial support.
25 Ağustos 2023 - 10:11
'Trade between Türkiye-UAE to be strengthened'
Turkish Trade Minister Omer Bolat emphasized that they will work to increase bilateral trade relations between the two countries after his meeting with Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the United Arab Emirates (UAE).
24 Ağustos 2023 - 09:55
‘Oil stocks running out in US’
The US Energy Information Administration (EIA) announced that commercial crude oil stocks fell in the country. US commercial crude oil stocks fell by about 6 million 100 thousand barrels last week compared to the previous week.
23 Ağustos 2023 - 11:52
Global markets continue to remain mixed
While global markets continued to search for direction amid uncertainties regarding monetary policies, eyes turned to the intense macroeconomic data agenda to be announced around the world today. While European stock markets were on a buying-heavy course yesterday, the news flow in China continues to be the focus of investors.
21 Ağustos 2023 - 11:54
Drought crisis alert for global trade
The Panama Canal, one of the most important canals in the world, is on red alert due to low water levels. Due to the drought in the canal, the number of passage of ships has been limited and this situation has affected the ships considerably. Authorities underlined that dozens of ships that could not enter the canal and waiting in the gulf could hit global trade.
18 Ağustos 2023 - 11:51
First in Dutch economy after Covid-19 epidemic
After the first quarter of the year, the Dutch economy shrank in the second quarter and entered a recession. The decline in consumer spending and exports are thought to be the two most important factors causing the recession.
17 Ağustos 2023 - 11:20
FED minutes released, inflation at risk
The minutes of the last meeting of the US Federal Reserve, in which the Fed raised interest rates by 25 basis points to a 22-year high of 5.25-5.50 percent, were published. Fed officials drew attention to the upside risk in inflation, which may require further tightening of monetary policy.
16 Ağustos 2023 - 10:50
Positive step for Turkish Banks by Moody's
The US-based International credit rating agency Moody's changed the outlook for Turkish banks from negative to stable and added that the government's first steps towards returning to orthodox policies following the elections in May 2023 have supported operating conditions for Turkish banks.
15 Ağustos 2023 - 11:47
China's economic problems continue to mount
Economic problems continue to grow in China, while debt problems in the real estate sector remain on the agenda, while the Central Bank cut interest rates, the yuan declined against the dollar. The National Bureau of Statistics did not share statistics on high unemployment.
14 Ağustos 2023 - 11:37
Türkiye sold tea to 109 countries in 7 months
Ahmet Hamdi Gurdogan, Vice Chairman of the Board of Directors of the Eastern Black Sea Exporters Association of Türkiye, announced that they earned 17 million 182 thousand 55 dollars in the January-July period of this year and exported 3 thousand 576 tons of tea.
30 Nisan 2023 - 13:58
Flights between Türkiye and Russia to be increased
With the increase in temperature in Türkiye, good news came for Russian foreign tourists. The Ministry of Transport of Russia announced that an agreement has been reached with Türkiye to increase the number of flights mutually in air transportation.
29 Nisan 2023 - 16:12
Gas Hydrate source to replace oil and natural gas
There is talk of a brand new source of energy reserves in the Mavi Vatan. Have you ever heard of this name? Gas hydrate, the fuel of the future, the source of wealth…
26 Nisan 2023 - 13:44
Grain crisis broke out in Europe
The flow of grain from Ukraine to the whole world alarmed European farmers. Since the European Union lifted import duties on agricultural products from Ukraine last summer, more than 23 million tons of grain have flooded the bloc. Four countries have temporarily suspended imports after local farmers complained that the influx of corn and wheat was disrupting the market.
08 Nisan 2023 - 11:34
Russia's financial source of the Ukraine War
In the first year of the Russia-Ukraine war, the cost of the war increases as the war drags on. Despite this, Russia can finance the war on its own. Russian President Vladimir Putin is estimated to have a fortune of around 250 million euros. It is curious how Putin got this fortune.
30 Mart 2023 - 16:18
Price hike negotiations ended negatively
While the strikes of public sector workers in Germany continued for a while, the negotiations between the Ministry of Interior and trade unions were continuing. However, the negotiations, which lasted for three days, yielded negative results.
Theft shock in a gallery in America
Shakira to stand trial for tax evasion
'Guba' new agriculture capital
School on Participatory Democracy for first time in Türkiye
‘Türkiye stands by Azerbaijan’
F-16 and Menendez statement by Erdogan
Last TEKNOFEST of year starts on October
Armenia descends into chaos
'Most important admiral of Russian Navy killed'