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Fed policymakers fear early rate rise will cool recovery

Fed policymakers fear early rate...

19 Şubat 2015, 11:00 0 Yorum

Istanbul, February 19 () - US Federal Reserve (Fed) policymakers raised concern over early interest rate hike could pour cold water on the economic recovery, according to the minutes from the Fed's January 27-28 policy-setting meeting. Fed officials emphasized...

Turkey's annual red meat production exceeds 1 million tonnes

Turkey's annual red meat production...

18 Şubat 2015, 13:46 0 Yorum

Istanbul, February 18 () - Turkey's annual red meat production passed over 1 million tonnes in 2014 for the first time, according to the Red Meat Production Statistics, released by Turkstat on Wednesday. Annual red meat rose by 1.2 percent to 1.008 million...

Top EBRD delegation to visit Turkey to discuss investment priorities

Top EBRD delegation to visit Turkey...

17 Şubat 2015, 15:14 0 Yorum

Istanbul, February 17 () - A senior delegation from the European Bank for Reconstruction and Development (EBRD), led by President Sir Suma Chakrabarti, will visit Turkey on Feb. 19-20 to discuss the bank’s investment priorities in Turkey with senior...

Turkey's international investment gap rose by $37 bn. in 2014

Turkey's international investment...

17 Şubat 2015, 11:10 0 Yorum

Istanbul, February 17 () - Turkey's net International Investment Position (IIP) gap widened by 37 billion dollars in 2014, fuelled by soaring portfolio investments, according to the data released by the Central Bank of Turkey, on Tuesday. External assets...

Uluslararası yatırım poziyonu açığı 37 milyar dolar genişledi

Uluslararası yatırım poziyonu...

17 Şubat 2015, 11:10 0 Yorum

İstanbul, 17 Şubat () - Türkiye'nin Uluslararası Yatırım Pozisyonu (UYP) açığı, portföy yatırımlarındaki yüksek artışın etkisiyle 2014 yılında 37 milyar dolar genişledi. Merkez Bankası verilerine göre, Türkiye’nin yurtdışı...

Annual industrial turnover rose by 12.8 percent in 2014

Annual industrial turnover rose...

13 Şubat 2015, 15:16 0 Yorum

Istanbul, February 13 () - Turkey's calendar adjusted industrial turnover rose by 12.8 percent in 2014, against the previous year, due to high inflation, according to the data released by Turkstat on Friday. Turkey's annual inflation rose to 8.17 percent...

Fitch: Turkey's current account improves but durability is key

Fitch: Turkey's current account...

13 Şubat 2015, 09:26 0 Yorum

Istanbul, February 13 () - The fall in the Turkish current account deficit last year demonstrated the economy's capacity for rebalancing, but the durability of this rebalancing was key on ratings assessment, Fitch Ratings said in a statement, released about...

US notified WTO of a request for consultation with China

US notified WTO of a request for...

13 Şubat 2015, 08:47 0 Yorum

Istanbul, February 13 () - The United States notified the WTO Secretariat of a request for consultations with China regarding certain measures that allegedly provide export-contingent subsidies to enterprises in several industrial sectors. These sectors...

Turkey paves way for Twitter ‘e-office’ to bypass tax row

Turkey paves way for Twitter ‘e-office’...

12 Şubat 2015, 10:52 0 Yorum

Neşe Karanfil - Hürriyet / Istanbul, February 12 () - The Finance Ministry is working on a draft to allow Twitter to open an “electronic office” in Turkey, which will allow the microblogging giant to pay taxes in Turkey and ease tensions with...

"Lower oil prices won't boost...

11 Şubat 2015, 17:27 0 Yorum

Istanbul, February 11 () - Lower oil prices would give the US economy a boost in the next two years, but would fail to lift global growth, said Moody's in its quarterly Global Macro Outlook report. "The US is one of the main beneficiaries of cheaper...

Turkey's automotive production rose by 37 pct. in January

Turkey's automotive production...

11 Şubat 2015, 14:38 0 Yorum

Istanbul, February 11 () - Output of Turkish automotiv industry rose by 37 percent to over 100 thousand units in January, according to the Automotive Industry Monthly Report, released by the Automotive Manufacturers Associaton, on Wednesday. Total monthly...

Turkey's 2014 current account deficit at 45.84 billion dollars

Turkey's 2014 current account...

11 Şubat 2015, 10:46 0 Yorum

Istanbul, February 11 () - Turkey's current account deficit stood at 45.84 billion dollars, in line wit the expectations at around 45.4 - 45.5 billion dollars, according to the balance of payments data released by the Central Bank on Wednesday. Turkey's...

Apple's market value hits the historical high level

Apple's market value hits the...

11 Şubat 2015, 09:25 0 Yorum

Istanbul, February 11 () - Technology giant Apple’s closing price pushed its market value to 711 billion dollars on Tuesday, making it first-ever a company to close at over 700 billion dollars. The company's market level passed the 700 billion dollars...

Turkcell's five-year general assembly to be held in March

Turkcell's five-year general assembly...

11 Şubat 2015, 09:06 0 Yorum

Istanbul, February 11 () - Mobile operator Turkcell's general assembly, covering past five years, to be held on March 26, with 48 agenda items, according to the company's statement, delivered to the Public Disclosure Platform. The statement said, "Turkcell...

Turkey's annual egg production rose by 3.9 pct. in 2014

Turkey's annual egg production...

10 Şubat 2015, 10:22 0 Yorum

Istanbul, February 10 () - Turkey's annual egg production rose by 3.9 percent to 17.17 billion units, in 2014 against the year before, according to the Poultry Production data by Turkstat, on Tuesday. According to the seasonally and calendar adjusted series,...

OPEC: Global oil demand seen to rise 1.17 mb/d in 2015

OPEC: Global oil demand seen to...

09 Şubat 2015, 16:01 0 Yorum

ISTANBUL, February 9 () - Global oil demand is seen to rise by 1.17 million barrells per day (mb/d), following an upward revision of 20 thousand barrells per day (tb/d) due to expectations of higher oil requirements in OECD America, oil cartel said on Thursday. "Global...

"High inflation can be lowered...

09 Şubat 2015, 14:43 0 Yorum

Istanbul, February 9 () - High inflation could be lowered by implementing tight monetary policy, supported by high interest rates, said Erdem Başçı, Governor of Central Bank of Turkey, despite rate-cut pressures from the President and the government. "Both...

Too many payroll workers, too few trade unions in Turkey

Too many payroll workers, too...

09 Şubat 2015, 11:08 0 Yorum

Turkish capitalism has experienced a long period of growth in the period since 2002 when the Justice and Development Party (AKP) came to power. The wind of this growth was provided domestically and internationally.

Gold ingot investors made the highest real profits in January

Gold ingot investors made the...

09 Şubat 2015, 11:07 0 Yorum

Gold ingot yielded the highest monthly real profit with the rates 5.69 percent and 4.89 percent according to Domestic Producer Price Index (D-PPI) and Consumer Price Index (CPI) respectively, in January, according to the Rates of...

Turkish industrial production increased by 2.6 percent in 2014

Turkish industrial production...

09 Şubat 2015, 10:57 0 Yorum

ISTANBUL, February 9 () - Calendar adjusted industrial production increased by 2.6 percent in 2014 against the previous year, while average industrial production increased by 3.6 percent, over the same period, according to the industrial production data,...

“Turkish president wants short-term economic gains for next elections“

“Turkish president wants short-term...

09 Şubat 2015, 09:48 0 Yorum

President Tayyip Erdoğan is acting with a politician’s short-sighted perspective as the country heads towards elections, said economist Ümit İzmen. “The Justice and Development Party is following a new form of populism, similar to that from the 1990’s, yet with different methods and tools” she said.

TÜSİAD: We mind the independence of the independent bodies

TÜSİAD: We mind the independence...

06 Şubat 2015, 14:15 0 Yorum

Gülseli KENARLI - ISTANBUL,  February 6 () - Cansen Başaran Symes, President of TÜSİAD, said, the independence of the Central Bank of Turkey was important for them and called to end the disorienting developments on the issue, on Friday. World Bank's...

Retail turnover increased faster than sales volumes in 2014

Retail turnover increased faster...

06 Şubat 2015, 12:40 0 Yorum

ISTANBUL, February 6 () - Turnover in retail sales rose faster than, retail sales volumes in 2014, due to high inflation, according to the Retail Sales Volume Index data, released by Turkstat on Friday. Retail turnover increased by 8.1 percent in 2014, while...

Moody's: Strong dollar will support global employment

Moody's: Strong dollar will support...

06 Şubat 2015, 10:41 0 Yorum

ISTANBUL, February 6 () - International rating company Moody's said, strong dollar would support global employment, be benefit to the cash flows of global business and reduce the deflation risk. A stable global outlook for corporate credit quality would...

Number of dollar billioners rose above two thousand level

Number of dollar billioners rose...

05 Şubat 2015, 12:59 0 Yorum

ISTANBUL, February 5 () - Number of dollar billioners around the world rose over 2 thousand in 2015, with an average age of 64, according to The Hurun Global Rich List. The number of dollar billioners rose to 2,089 individuals in 2015 from 68 countries,...

Turkey's ex-Central Bank governor stands behind his words

Turkey's ex-Central Bank governor...

05 Şubat 2015, 12:14 0 Yorum

ISTANBUL, February 5 () - Former Central Bank Governor Durmuş Yılmaz has told Hürriyet that he stands behind his Jan. 3 words about the relation between inflation rates and interest rates, after he was criticized by President Recep Tayyip Erdoğan...

Global food prices fell in January, cereal harvest seen to rise

Global food prices fell in January,...

05 Şubat 2015, 11:47 0 Yorum

ISTANBUL, February 5 () - The Food And Agrucultural Organisation (FAO) Food Price Index continued to decline in January, due to higher inventories, higher dollar and lower oil prices, the FAO said in a statement on Thursday. FAO Food Price Index fell to...

More than 60 pct. of households visit relatives on holidays

More than 60 pct. of households...

05 Şubat 2015, 11:03 0 Yorum

ISTANBUL, February 5 () - Most of the housholds in Turkey prefer to visit relatives on their holidays, with 60.3 percent, according to the Household Domestic Tourism data, released by Turkstat on Thursday. The secondary purpose of trip of the housholds was...

ECB lifts waiver of min. rating requirements on Greek bonds

ECB lifts waiver of min. rating...

05 Şubat 2015, 09:46 0 Yorum

ISTANBUL, February 5 () - The European Central Bank (ECB) lifted current waiver of minimum credit rating requirements for marketable instruments issued or guaranteed by the Greek Government, shifting the burden onto Central Bank of Greece, to finance the...

Turkey to pay for jet fuel to keep Russian tourists coming

Turkey to pay for jet fuel to...

04 Şubat 2015, 12:19 0 Yorum

Turan Yılmaz - Hürriyet / ISTANBUL, February 4 () - The government is planning new incentives for tour operators and airlines, as part of measures to boost tourism income amid problems in neighboring countries, particularly the economic crisis in Russia...

Turkish suitcase traders hit by Russian crisis, eye new markets

Turkish suitcase traders hit by...

04 Şubat 2015, 11:40 0 Yorum

ISTANBUL, February 4 () - Turkey’s suitcase traders face a slowdown in business with their Russian counterparts, focusing on diversifying their markets while maintaining their ties with Russia. Turkish suitcase traders have begun to feel the impact...

Global Union protests Turkey on postpone of the strike in metal sector

Global Union protests Turkey on...

03 Şubat 2015, 15:21 0 Yorum

ISTANBUL, February 3 () - IndustriALL Global Union protested the decree of the Turkish government to postpone the strikes, including more than 15 bin workers, in metal Industry, via a letter sent to the Prime Minister Ahmet Davutoğlu, on Tuesday. "Dear...

Greece's new government dropped calls for a debt write-off

Greece's new government dropped...

03 Şubat 2015, 12:13 0 Yorum

Greece's new government dropped calls for a write-off of its foreign debt, a surprising debut towards the negotiations with creditors at the end of Februrary, according to Financial Times.

Annual inflation at 7.24, Cen Bank drops early rate cut meeting

Annual inflation at 7.24, Cen...

03 Şubat 2015, 10:45 0 Yorum

Turkey's consumer price index rose by 1.1 percent in January, pulling the annual inflation to 7.24 percent, from 8.17 percent in the same period of last year, according to the data relased by Turkstat, on Tuesday.

Oil prices surge above 55 dollars as refinery workers strike

Oil prices surge above 55 dollars...

02 Şubat 2015, 16:58 0 Yorum

ISTANBUL, Fabruary 2 () - Crude oil prices rose on Monday as thousands of refinery workers go on strike, and a falling US rig count that signaled lower production down the line. Brent crude was at around 55.00 dollars per barrel in IEU, after leaping as...

Half-million sports tourists spent more than $900 millon

Half-million sports tourists spent...

02 Şubat 2015, 15:11 0 Yorum

ISTANBUL, February 2 () - Over 550,000 tourists visited Turkey in 2014 for sporting reasons, spending more than 900 million dollars, said the Association of Turkish Travel Agencies (TÜRSAB) in a written statement. The share of sports tourism is around 1.5...

Turkey's exports fell by 9.8 percent in January

Turkey's exports fell by 9.8 percent...

02 Şubat 2015, 14:20 0 Yorum

ISTANBUL, February 2 () - Turkey's monthly exports fell by 9.8 percent to 10.8 billion dollars in January, against in the same month of last year, according to the data released by Turkish Exporters Assembly, on Monday. The fall in January pushed the annual...

"Social protection in Turkey,...

02 Şubat 2015, 13:34 0 Yorum

Mustafa Sönmez - Hürriyet Daily News / Istanbul, February 2 () - After 2003, while the ruling Justice and Development Party (AKP) won successive elections, raising its voter share from 30 percent to the brink of 50 percent, it was considered by many that...

"Turkish manufacturing sector...

02 Şubat 2015, 10:50 0 Yorum

ISTANBUL, February 2 () - Turkish manufacturing sector, purchasing manager index (PMI) signalled a stagnation in business conditions in the sector at the start of 2015, according to the statement on HSBC Turkey Manufacturing PMI, released by Markit on Monday. "Output,...

Turkey's tourism income rose by 6.2 percent in 2014

Turkey's tourism income rose by...

30 Ocak 2015, 11:29 0 Yorum

ISTANBUL, January 30 () - Tourism income increased by 6.2 percent to 34.3 billion dollars in 2014, while number of visitors rose by 5.6 percent over the same period, according the data released by Turkstat on Friday. Number of visitors increased 5.6 percent...

Turkey's foreign trade deficit fell by 15.4 pct. in 2014

Turkey's foreign trade deficit...

30 Ocak 2015, 10:55 0 Yorum

ISTANBUL, January 30 () - Turkey's foreign trade deficit fell by 15.4 percent to 84.5 billion dollars in 2014, due to lira depreciation and loan measures taken to ease the current account deficit, according to the data released by Turkstat on Friday. Turkey's...

Dollar hit new record level against lira on rate cut concerns

Dollar hit new record level against...

29 Ocak 2015, 16:18 0 Yorum

ISTANBUL, January 29 () - Dollar hit new record high level against lira at 2.4188, on interest rate concerns on both domestic and international basis, on Thursday. Dollar's recent rally against lira started on January 27, after Central Bank of Turkey Governor...

15,000 Turkish metal workers strike for better wages

15,000 Turkish metal workers strike...

29 Ocak 2015, 15:39 0 Yorum

ISTANBUL, January 29 () - Up to 15,000 metal workers are expected to go on strike today around Turkey to protest poor wages in the sector and demand a better collective bargaining agreement with employers in the industry. Workers in the metal sector are...

Economic confidence index falls by 8.8 pts. on annual basis

Economic confidence index falls...

29 Ocak 2015, 10:39 0 Yorum

ISTANBUL, January 29 () - Turkey's economic confidence index fell by 8.8 percentage points to 88.39 level in January on annual basis, according to the Economic Confidence Index data released by the Turkish Statistical Institute (Turkstat) on Thursday. Economic...

Central Bank: Inflation seen to move towards 5 pct. target in 2015

Central Bank: Inflation seen to...

27 Ocak 2015, 17:22 0 Yorum

ISTANBUL, January 27 () - Central Bank of Turkey (CBOT), said expected the inflation to display a notable decline and move towards the 5.0 percent target in 2015, after missing the 2014 target by 3.17 points. CBOT sent a letter to the government, to describe...

Central Bank: Downside risks in the economy still important

Central Bank: Downside risks in...

27 Ocak 2015, 16:34 0 Yorum

ISTANBUL, January 27 () - Central Bank of Turkey (CBOT) said downside risks regarding economic activity were keeping their importance for the upcoming period, due to volatility in the markets and worsening confidence, as risks limiting the growth. "The...

Central Bank lowers 2015 inflation expectation to 5.5 pct. (2)

Central Bank lowers 2015 inflation...

27 Ocak 2015, 12:33 0 Yorum

(Adds details.) ISTANBUL, January 27 () - Central Bank of Turkey (CBOT) lowered its 2015 inflation expectation to 5.5 percent in the January inglation report, 0.6 points lower than it was at 6.1 percent in October report, due to sharp decline in the oil...

Central Bank lowers 2015 inflation expectation to 5.5 pct.

Central Bank lowers 2015 inflation...

27 Ocak 2015, 12:01 0 Yorum

ISTANBUL, January 27 () - Central Bank of Turkey (CBOT) lowered its 2015 inflation expectation to 5.5 percent in the January inglation report, 0.6 points lower than it was at 6.1 percent in October report, due to sharp decline in the oil prices. CBOT Governor...

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