Turkish exports reach $22.9B, all-time high for October

Turkish exports hit record October high

Türkiye's exports increase to $22.9 billion, an all-time high for October, trade minister reveals as imports increase to $29.6 billion while the 12-month rolling exports hit record high of $254.8 billion.

Haberler
06 Kasım 2023 - 13:35
US economy grows by 4.9 percent in third quarter of year

US economy grows in third quarter

The United States (US) economy grew by 4.9 percent in the third quarter of this year, above expectations.

Haberler
26 Ekim 2023 - 16:33
German Economy Minister to visit Türkiye with representatives of business world

Critical visit to Türkiye by German Economy Minister

German Economy and Climate Minister Robert Habeck will pay a visit to Türkiye on October 25. The focus of the German minister's visit to Türkiye will be on the economy and energy. With this, Habeck will meet many Turkish ministers on his visit.

Haberler
24 Ekim 2023 - 11:44
US treasury department reports fiscal year 2023 budget deficit of 1.7 trillion dollars

US budget gap soars to 1.7 trillion dollars

The United States(US) federal government's budget deficit increased by 23 percent in fiscal year 2023 compared to last year, rising to 1.7 trillion dollars. US Treasury Secretary Janet Yellen said the country's economy has maintained its resilience despite global negativities.

Haberler
21 Ekim 2023 - 11:10
European Bank raises growth forecast for Türkiye

Good news for Turkish economy from EBRD

The positive atmosphere that emerged after the steps taken by the economic administration is rapidly changing the expectations for the Turkish economy. After Moody's and IMF, the European Bank for Reconstruction and Development (EBRD) also revised its growth forecast for Türkiye. The Bank raised its growth forecast for the Turkish economy for 2023 to 3.5 percent.

Haberler
27 Eylül 2023 - 12:09
Annual inflation in Argentina at 32-year high

Economic crisis in Argentina growing

Annual consumer inflation in Argentina rose to 124.4 percent in August, reaching its highest level since 1991. With this figure, the rate of those below the poverty line in Argentina exceeded 40 percent. The annual inflation forecast of the Central Bank of Argentina (BCRA), which was 141 percent, was updated to 169 percent after the latest data was released.

Haberler
16 Eylül 2023 - 11:57
Timed sanction decision from US to Turkish companies

Sanction decision from US to Turkish companies

The United States Treasury Department has imposed sanctions on Turkish companies and citizens for violating sanctions against Russia. Speaking to Reuters, the US official said it had imposed sanctions on five Turkish companies and one Turkish citizen.

Haberler
15 Eylül 2023 - 11:05
Türkiye's growth forecast rises, China's falls: Fitch Ratings

Global concern report from Fitch Ratings

Fitch Ratings, the international credit rating agency that signed an important decision regarding Türkiye's credit rating outlook, issued a global concern report. Fitch made downward revisions for China and Europe and raised Türkiye's growth forecast.

Haberler
14 Eylül 2023 - 11:23
Fitch Ratings announces that Türkiye's monetary policy consistent

New comment from Fitch on Türkiye's credit rating

New comments came from Fitch Ratings, which raised Türkiye's credit rating from negative to stable. Erich Arispe Morales, senior director of the organization, stated that Türkiye's monetary policy is much more consistent and increased expectations for a further increase in the credit rating.

Haberler
12 Eylül 2023 - 12:09
New move for Saudi Arabia-Türkiye's 30 billion dollar trade volume target

Saudi Arabia's new economic move to Türkiye

A new move has come for the 30 billion dollar trade volume target between Saudi Arabia and Türkiye. Approximately 80 people, consisting of representatives of nearly 65 Saudi Arabian companies, will be in Türkiye between October 8-12.

Haberler
11 Eylül 2023 - 09:23
Credit rating of Turkish economic policy positive: Moody's

Moody's positive assessment for Turkish economy

Credit rating agency Moody's made a statement on Türkiye. Moody's stated that the post-election change in Türkiye's economic policy is clearly positive for the credit rating. With this, Moody's will not formally review Türkiye's credit rating until December, but Fitch will review its rating on Friday, followed by S&P Global later in the month.

Haberler
08 Eylül 2023 - 12:01
Moody's raised growth forecasts for Turkish economy

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.

Haberler
01 Eylül 2023 - 11:55
Türkiye not request any financial support: IMF

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.

Haberler
29 Ağustos 2023 - 11:18
Trade investments between Türkiye-UAE to be boosted, Turkish trade minister says

'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).

Haberler
25 Ağustos 2023 - 10:11
Dutch economy enters recession for first time after Covid-19

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.

Haberler
18 Ağustos 2023 - 11:51
US Federal Reserve minutes emphasize upside risk to inflation

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.

Haberler
17 Ağustos 2023 - 11:20
Data on economic activity in China not encouraging: Sources

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.

Haberler
15 Ağustos 2023 - 11:47
Turkish tea exports reach 17 million dollars in 7 months

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.

Haberler
14 Ağustos 2023 - 11:37
China's export rate at lowest level in three years

China's export rate falls to three-year low

China's exports and imports, the world's second-largest economy, fell less than expected last month as global demand waned.

Haberler
09 Ağustos 2023 - 12:00
Minister Simsek emphasizes 'Maastricht criteria' at JP Morgan meeting

'Maastricht criteria' at JP Morgan meeting

The Turkish economy management gave its first test in front of foreign investors. Turkish Treasury and Finance Minister Mehmet Simsek, who attended the investor meeting with JP Morgan, emphasized that the Maastricht criteria will be approached in the new period.

Haberler
05 Ağustos 2023 - 13:52
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