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Friday, December 4, 2020

Turkish ministers, business people gather in Istanbul

ISTANBUL Lutfi Elvan, the treasury and finance minister, and Abdulhamit Gul, the justice minister, on Friday gathered with the management board of the Turkish Industry and Business Association (TUSIAD) in...

Turkey: Vehicle registrations up by over 68% in October

ANKARA Motor vehicle registrations in Turkey increased 68.1% year-on-year in October to reach 114,426, according to official data released on Friday. The figure was also 8.2% higher than September, according to...

Turkish Central Bank revises reserve requirements

ISTANBUL The Central Bank of the Republic of Turkey (CBRT) on Friday revised its regulations on reserve requirements to improve the effectiveness of the monetary transmission mechanism in the country. In...

Turkey: Central Bank reserves at $84.5B in October

ANKARA  The Turkish Central Bank’s official reserve assets grew 6.1% month-on-month to reach $84.5 billion in October, according to data released on Friday. Foreign currency reserves – in convertible foreign currencies...

Turkey: Economic confidence falls in November

ISTANBUL Turkey’s economic confidence index posted a monthly decline in November, according to official data released on Friday. The index decreased by 3.5% to reach 89.5 in November, down from 92.8...

Turk Eximbank, ICBC Turkey ink $237.9M loan agreement

ISTANBUL  Turk Eximbank signed a two-year loan agreement with ICBC Turkey, a Chinese private lender, securing €200 million euro ($237.9 million) to support export financing. In a statement, Ali Guney, Turk...

Survey expects 5% growth in Turkish economy in Q3

ISTANBUL Turkey’s economy is projected to have expanded by 5% year-on-year in the third quarter of 2020, an Anadolu Agency survey found Thursday. The country's statistical authority TurkStat will release gross...

'Turkish tourism sector may shrink 70% due to pandemic'

ANTALYA, Turkey Turkey’s tourism sector will likely shrink 70% this year due to the coronavirus pandemic, the country’s culture and tourism minister said on Thursday. “It looks like we will end...

Turkish Central Bank raises swap auction limit

ISTANBUL The Turkish Central Bank on Thursday increased its lira swap sale limits from 50% to 60%. The bank raised the swap auctions limit in the Turkish Lira Swap Market for...

Turkey: Consumer confidence down in November

ISTANBUL Consumer confidence in the Turkish economy posted a decline in November, the country's statistical authority announced on Friday. The consumer confidence index stood at 80.1 this month, down by 2.2%...

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Anadolu Agency's Morning Briefing – December 1, 2020

ANKARA Anadolu Agency is here with a rundown of the latest developments on the coronavirus pandemic and other news in Turkey and around the world.  Coronavirus...

Russia deploys S-300 defense system on Kuril Islands

MOSCOW  In a move likely to rile Japan, Russia on Tuesday deployed an S-300 air defense system on the disputed Kuril Islands in the North...

South Africa reports over 4,000 new COVID-19 cases

JOHANNESBURG  South Africa recorded 4,173 new cases of the novel coronavirus in the past 24 hours, bringing the total number of confirmed infections to 796,472,...

Turkey's Borsa Istanbul flat at close

ISTANBUL  Turkey's benchmark stock index was up 0.02% to close Wednesday at 1,325.49 points. Starting the day at 1,326.76 points, Borsa Istanbul's BIST 100 index earned...

2020 to be 1 of 3 warmest years on record: UN group

ANKARA The World Meteorological Organization's (WMO) provisional annual climate report released Wednesday said 2020 is on track to be one of the three warmest years...