pandemic
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Business
New company launches up 8.8% in Turkey during January-September
The number of newly established companies in Turkey rose by 8.8% year-on-year in the first nine months of 2021, the…
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Local Turkey
S&P affirms Turkey’s credit rating; outlook stable
Rating agency says it expects Turkey’s economy to expand 8.6% this year with strong recovery in exports S&P on Friday…
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Business
Bloomberg: Turkey’s position is important in the post-pandemic economic recovery
The American Turkish Society, co-chaired by Akbank Chairman Suzan Sabanci Dincer, launched a series of events to be held in…
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Business
Turkey eyes boost in trade with Africa: President Erdogan
Ties between Turkey, African countries to strengthen, President Erdogan says at Turkey-Africa Economic and Business Forum Turkey aims to nearly…
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Business
Turkey becoming alternative production hub a ‘major achievement’
Turkey coming to the fore as an alternative to the Asia-based production and supply network is an important development, President…
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Istanbul
Rental house prices increased most along shores of Istanbul’s Bosphorus
A new report shows that the average rent increase in Istanbul has been lingering around 60 percent, while the difference…
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Business
Pandemic fallout wreaks havoc with EU governments’ deficits, debts
EU governments’ deficit-to-GDP ratio in 2020 rose from 0.5% to 6.9% year-on-year Last year, when fallout from the COVD-19 pandemic…
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Local Turkey
Turkish Central Bank lowers interest rates by 200 basis points
Policy rate, also known as 1-week repo rate, down to 16% from 18%, well above market forecast The Turkish Central…
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Business
Global investment flows bounce back to $852B in H1
FDI increase in first half of 2021 recovers more than 70% of loss caused by pandemic last year Global foreign…
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Business
Turkish machinery exports hit $17B in year’s first 9 months
Turkish machinery sector ready to comply with EU carbon emission goals, head of sector association says Turkey’s machinery exports totaled…
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