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Sunday, January 17, 2021

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...

Turkey's exports up 5.6% to $17.33B in Oct

ISTANBUL Turkey's exports rose by 5.6% to reach $17.33 billion in October, on a yearly basis, the country's statistical authority announced on Monday. The country's imports also posted an increase of...

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...

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Bosnian minister says more women needed in government

BELGRADE, Serbia Bosnia and Herzegovina's first headscarf-wearing minister said Wednesday that women should be more involved in government.  "There are four women in the current cantonal...

UAE ratifies visa exemption agreement with Israel

ISTANBUL  The United Arab Emirates approved a visa exemption agreement with Israel on Wednesday, Israel’s Foreign Ministry said in a statement.  The agreement will come into...

NBA: Rockets trade James Harden to Nets

ANKARA The Houston Rockets traded James Harden to the Brooklyn Nets, NBA insider Shams Charania announced Wednesday.  “Rockets are acquiring Caris LeVert in James Harden deal...

Anadolu Agency's Morning Briefing – January 14, 2021

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...

‘Cyprus solution must be based on sovereign equality'

LEFKOSA, Turkish Republic of Northern Cyprus  An official negotiation process on the Cyprus issue can only be started for a solution based on sovereign equality,...