Turkey
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Water leaks to a Turkish cargo ship off the coast of Croatia
A Turkish-flagged cargo ship is threatened by water sinking into the Croatian island of Jabuca in the Adriatic Sea, the Croatian Ministry of Transport and Infrastructure said on Sunday. The ministry said in a statement that rescue teams of Croatian and Italian went directly to the site of the ship…
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The Turkish lira weakened during the Eid holiday and attention to the election
The price of the Turkish lira was 4.7332-4.74 against the dollar in early trading on Monday after it weakened from 4.64 last Thursday ahead of a public holiday as investors turned their attention to elections scheduled for early next week. The lira hit 4.7425 at 0108 GMT in Asian trade,…
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Fitch expects the Turkish economy to grow 4.5 per cent by the end of 2018
Fitch Ratings said it expected the Turkish economy to grow 4.5 per cent by the end of the year and 3.6 per cent by the end of next year. This came in a report published by the International Agency on Wednesday on the global economic outlook. According to the report,…
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Akinji: Tanab made Turkey an ideal center for transferring East-West resources
Turkey’s geographic location has made it an “ideal energy center for the transfer of the rich resources of the East to the West,” Turkish Cypriot President Mustafa Akinji said on Tuesday. This came in a speech by Akinji, during the opening ceremony of Tanab project in the state of Asski…
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Turkish industrial production rose 6.2 percent in April
Turkey’s seasonally adjusted Industrial Production Index rose 6.2 percent in April from the same month in 2017. This came in official data released by the Turkish Statistics Agency on Wednesday. On a monthly basis, data show that the industrial production index in April rose by 0.9 percent compared to March.…
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Major exchange rates against the Turkish lira
The exchange rate of the US dollar, the euro and the pound against the Turkish lira in Tuesday’s trading in the cities of Istanbul and Ankara, at 09:30 local time (06:30 GMT), as follows: ISTANBUL BUY SELL USD 4,6180 4,6200 EURO 5,4260 5,4280 POUND 6,1500 6,1820 ANKARA USD 4,6050 4,6450…
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Erdogan: Turkey has become a country contributing to the determination of energy prices globally
Turkish President Recep Tayyip Erdogan said Tuesday that his country has become a contributor to global energy prices, with the opening of the TANAB pipeline to transport Azeri gas to Europe. “Turkey is no longer a transit country for energy sources,” Erdogan said in a speech on the sidelines of…
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Erdogan: The first domestic electric car was put forward 2021
Turkish President Recep Tayyip Erdogan said the first domestic electric car would be launched in 2021 and would contribute 20 billion euros to Turkey’s gross domestic product. In his Twitter account on Tuesday evening, Erdogan added that the car would reduce Turkey’s dependence on oil. Erdogan published an infographic picture…
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The Turkish economy is posting higher-than-expected growth as the election approaches
Turkey’s economy grew by 7.4 percent, exceeding expectations for the first quarter of this year compared to the same period last year, according to official figures published on Monday. The figures, released two weeks before presidential and legislative elections, topped the 7 percent consensus on market expectations. However, economists warned…
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Major exchange rates against the Turkish lira
The exchange rate of the US dollar, the euro and the pound against the Turkish lira, in Tuesday’s trading, in the cities of Istanbul and Ankara, at 09:30 local time (06:30 GMT), as follows: Istanbul buy sell USD 4,5430 4,5450 Euro 5,3470 5,3490 Pound 6,0520 6,0820 Ankara USD 4,5320 4,5670…
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