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Saturday, March 6, 2021

Turkey to substantially increase trade with Bangladesh

DHAKA, Bangladesh Turkey’s envoy in Dhaka said Sunday that his country wants to “substantially increase trade volume and investments” in Bangladesh. Mustafa Osman Turan spoke during a courtesy call with Bangladesh’s...

Turkey: Treasury posts $3.7B cash deficit in January

ANKARA  The Turkish Treasury's cash balance posted a deficit of some 26 billion Turkish liras ($3.7 billion) in January, the Treasury and Finance Ministry said Friday. Cash revenues of the Treasury...

Turkey to raise minimum wage by 21.56% in 2021

ANKARA  Turkey is raising its minimum wage by 21.56% as of Jan. 1, the country's family, labor and social services minister announced on Monday. Net minimum wage for single people will...

Turkey: Central Bank reserves hit 82.7$B in November

ANKARA The Turkish Central Bank’s reserves amounted to $82.7 billion at the end of November, the bank announced on Monday. Total reserve assets fell 2.2% in November from the end of...

Turkish Central Bank aware of its responsibility on inflation

ANKARA/ISTANBUL The Turkish Central Bank is aware of its responsibility in reaching the medium-term inflation target of 5%, said Governor Naci Agbal on Friday. The bank will implement all aspects of...

Erdogan: Turkey should aim for high value-added exports

ANKARA In its efforts to increase exports, Turkey should target high value-added products, the country's president said Friday. In a video conference during the eighth Turkey Innovation Week program, Recep Tayyip...

Turkish Central Bank hikes interest rates

ANKARA The Turkish Central Bank on Thursday announced an interest rate hike of two percentage points, above market expectations. The bank's policy rate – also known as the one-week repo rate...

Turkish, Azerbaijani central banks ink MoU

ANKARA A memorandum of understanding was signed between Turkish and Azerbaijan's central banks on Friday. Under the deal, the two central banks aspire to carry out activities to foster cooperation in...

Turkey: New company launches leap in November

ANKARA The number of newly established companies in Turkey jumped 12% year-on-year in November, the country's top trade body said on Friday. A Union of Chambers and Commodity Exchanges of Turkey...

Turkish Treasury to repay over $14.3B in Dec-Feb

ANKARA Turkey's Treasury will repay 111.9 billion Turkish liras (some $14.3 billion) of debt in the period from December to February, the Treasury and Finance Ministry announced on Monday. Over the...

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Turkey to cement cultural ties with Uganda

KAMPALA, Uganda Turkey will establish a cultural institute in Uganda to promote cultural ties, the Turkish ambassador to Uganda said on Friday. After a meeting with...

Indonesia's Mt. Merapi volcano spewing lava

JAKARTA, Indonesia Mt. Merapi in Central Java, Indonesia released incandescent lava 81 times in a span of just 12 hours on Friday with a maximum...

Somalia: Casualties feared as car bomb hits Mogadishu

MOGADISHU, Somalia Several people are feared dead or injured after a car bomb blast has targeted a busy restaurant near Mogadishu seaport on Friday evening,...

Turkey reports over 11,300 new coronavirus infections

ANKARA Turkey on Friday reported 11,302 new coronavirus cases, including 698 symptomatic patients, according to the Health Ministry. The total number of cases in the country...

Second US lawmaker sues Trump over Capitol riot

WASHINGTON Democratic congressman Eric Swalwell on Friday become the second lawmaker to sue former President Donald Trump for his alleged role in inciting the fatal...