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Investment in Turkey's southeast rises with solution process

Friday, March 06, 2015 Expert Advice
Healthy solution process ensuring peace at the end would greatly contribute to economic stability, local businessmen say Investment in Turkey's predominantly Kurdish southeastern region has increased thanks to the safe and peaceful atmosphere resulting from the country's solution process. The Anadolu Agency has talked…

Turkish lira volatility caused by speculation: Economy Minister

Friday, March 06, 2015 Finance
Turkish Economy Minister ruled out concerns over independence of Central Bank The Turkish lira's recent volatility is caused by speculation, Economy Minister of Turkey Nihat Zeybekci said on Friday. Speaking in Germany at the Turkey Economy Platform held by Deutsche Bank, Zeybekci said that criticism by President…

Turkish Treasury to repay $16.5 billion debt by May

Friday, March 06, 2015 Finance
Plan includes paying back 41.6 billion lira of domestic debt, including 11.2 billion lira of foreign debt, between March and May 2015. Turkey’s Treasury plans to pay back 41.6 billion lira ($16.5 billion) of domestic debt, including 11.2 billion lira ($4.5 billion) of foreign debt, between March and May 2015, the…

Turkey: State-run Ziraat to launch Islamic unit in May

Friday, March 06, 2015 Finance
 Ziraat plans to open 20 branches by the end of 2015. Turkey's state-owned lender Ziraat Bank will launch its participationbank as an interest-free banking system compliant with Islamic law on May 29, the bank’s general director said Thursday. "We are planning to inaugurate the bank on May 29," said Huseyin Aydin,…

Security comes first in Turkey's first nuclear plant

Friday, March 06, 2015 Energy
Turkey's Akkuyu nuclear power plant will have more thorough security conditions than its reference, Novovoronej nuclear plant Turkey's Akkuyu nuclear power plant, to be built by the Turkish subsidiary of Russian statenuclear corporation Rosatom, will have more thorough security conditions than the recommended Russian…

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March 06, 2015

Investment in Turkey's southeast rises with solution process

Healthy solution process ensuring peace at the end would greatly contribute to economic stability, local businessmen say Investment in Turkey's predominantly…
March 06, 2015

Turkish lira volatility caused by speculation: Economy Minister

Turkish Economy Minister ruled out concerns over independence of Central Bank The Turkish lira's recent volatility is caused by speculation, Economy Minister…
March 06, 2015

Turkish Treasury to repay $16.5 billion debt by May

Plan includes paying back 41.6 billion lira of domestic debt, including 11.2 billion lira of foreign debt, between March and May 2015. Turkey’s Treasury plans…
March 06, 2015

Turkey: State-run Ziraat to launch Islamic unit in May

 Ziraat plans to open 20 branches by the end of 2015. Turkey's state-owned lender Ziraat Bank will launch its participationbank as an interest-free banking…
March 06, 2015

Security comes first in Turkey's first nuclear plant

Turkey's Akkuyu nuclear power plant will have more thorough security conditions than its reference, Novovoronej nuclear plant Turkey's Akkuyu nuclear power…

Brazil economists predict 'worst GDP result in 25 years'

March 05, 2015 in America
Economy set to shrink by 0.58% in 2015, its worst result since 1990, according to the latest central bank survey. Brazil's economy will shrink by 0.58 percent…

Ukraine, Russia talks resume over gas-cut threats

March 05, 2015 in Energy
Talks come after Russia warns it will cut gas supplies to Ukraine over unpaid gas bills European Union-brokered talks withRussia and Ukraine have resumed with…

Iran shuts down nuclear power plant for 2 months

March 05, 2015 in Asia
The nuclear power plant will be disconnected for a two-month period Iran’s Bushehr nuclear power plant will be shut for two months due to maintenance works,…

UK opposes sale of oil and gas fields to Russian oligarch

March 05, 2015 in Energy
German company plans to sell 12 British oil and gas fields in North Sea to Russian oligarch Mikhail Fridman U.K.’s Department of Energy and Climate Change has…

Turkish lira hits historic low against US dollar

March 05, 2015 in Finance
A rising dollar index and a dispute between Turkey's Central Bank and government officials bring value of Turkish lira to fresh lows. The Turkish lira hit a…

Turkey to explore for oil in northern Iraq

March 04, 2015 in Expert Advice
Agreements with Baghdad and Northern Iraq authorize Turkish oil exploration in the country, Energy Minister Yildiz says Turkey will explore foroil in the…

India increases defense budget by over 10 percent

March 04, 2015 in Middle East
The hike in defense budget will help in pursuing the Indian government’s ‘Make-in-India’ initiative, Indian Finance Minister Arun Jaitley says India has…

Eurozone inflation stays in negative territory

March 04, 2015 in Finance
Consumer price index slide shows lack of growth, poor consumer sentiment across the euro area as deflation threat looms European inflation has remained in…

Fighting at Hong Kong protest over mainlander shoppers

March 04, 2015 in Asia
Locals accuse mainland Chinese of inflating prices Scuffles broke out Sunday as Hong Kongers protesting against an influx of shoppers from mainland China…

Turkish Central Bank 'cautious' on further rate cuts

March 04, 2015 in Enterprise
Minutes of monetary policy committee warn 'heightened price volatility' mean caution in cutting interest rates The Central Bank of Turkey said in a statement…

Turkish Central Bank to fix forex auction sale amounts daily

March 03, 2015 in Enterprise
The central bank will set the amount of foreign exchange to be sold at auction every day  The Turkish Central Bank on Friday said that the amount of foreign…

Turkey obtains 10.25 percent gas price discount from Russia

March 03, 2015 in Energy
'The discount will not affect the natural gas prices that households and industry use due to the lira-dollar exchange rate,' says energy minister Russia has…

German parliament approves Greek bailout extension

March 03, 2015 in Europe
Bundestag backs extension of Greek rescue program by four months as government urges SYRIZA to stick to reforms The German parliament has approved extending…

Turkey's Vakifbank to launch Islamic unit

March 03, 2015 in Enterprise
Vakifbank, third-largest state bank, receives regulatory approval to start an Islamic banking division Turkey's third-largest state bank Vakıfbank has received…

Net profit in Turkey’s banking sector increases

March 03, 2015 in Finance
Turkish banking sector's assets increased by 1.9 percent in January from the end of 2014, while its net profit increased by 52 percent compared to January…

Investment in Turkey's southeast rises with solution process

Investment in Turkey's southeast rises with solution processHealthy solution process ensuring peace at the end would greatly contribute to economic stability, local businessmen say

Investment in Turkey's predominantly Kurdish southeastern region has increased thanks to the safe and peaceful atmosphere resulting from the country's solution process.

The Anadolu Agency has talked to the board chairmen of industry associations and investors in the... Add a comment

Read more...

Turkish lira volatility caused by speculation: Economy Minister

Turkish lira volatility caused by speculation: Economy MinisterTurkish Economy Minister ruled out concerns over independence of Central Bank

The Turkish lira's recent volatility is caused by speculation, Economy Minister of Turkey Nihat Zeybekci said on Friday.

Speaking in Germany at the Turkey Economy Platform held by Deutsche Bank, Zeybekci said that criticism by President Recep Tayyip Erdogan of the Central Bank of Turkey’s interest rate policy is... Add a comment

Read more...

Turkish Treasury to repay $16.5 billion debt by May

Turkish Treasury to repay $16.5 billion debt by MayPlan includes paying back 41.6 billion lira of domestic debt, including 11.2 billion lira of foreign debt, between March and May 2015.

Turkey’s Treasury plans to pay back 41.6 billion lira ($16.5 billion) of domestic debt, including 11.2 billion lira ($4.5 billion) of foreign debt, between March and May 2015, the Treasury said Friday.

According to figures released on the Treasury's... Add a comment

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Turkey: State-run Ziraat to launch Islamic unit in May

Turkey: State-run Ziraat to launch Islamic unit in May 

Ziraat plans to open 20 branches by the end of 2015.



Turkey's state-owned lender Ziraat Bank will launch its participationbank as an interest-free banking system compliant with Islamic law on May 29, the bank’s general director said Thursday.



"We are planning to inaugurate the bank on May 29," said Huseyin Aydin, the head of Ziraat, speaking to the press on the sidelines of an... Add a comment

Read more...

Security comes first in Turkey's first nuclear plant

Security comes first in Turkey's first nuclear plantTurkey's Akkuyu nuclear power plant will have more thorough security conditions than its reference, Novovoronej nuclear plant

Turkey's Akkuyu nuclear power plant, to be built by the Turkish subsidiary of Russian statenuclear corporation Rosatom, will have more thorough security conditions than the recommended Russian Novovoronej nuclear plant, said the plant's senior official... Add a comment

Read more...

Brazil economists predict 'worst GDP result in 25 years'

Brazil economists predict 'worst GDP result in 25 years'Economy set to shrink by 0.58% in 2015, its worst result since 1990, according to the latest central bank survey.

Brazil's economy will shrink by 0.58 percent in 2015, according to a central bank survey released Monday.

The latest result, calculated by the weekly Focus survey of more than 100 financial institutions, was the ninth consecutive downward revision by economists. If confirmed, it... Add a comment

Read more...

Ukraine, Russia talks resume over gas-cut threats

Ukraine, Russia talks resume over gas-cut threatsTalks come after Russia warns it will cut gas supplies to Ukraine over unpaid gas bills

European Union-brokered talks withRussia and Ukraine have resumed with Ukraine accusing Russia’s Gazprom of violating a winter gas agreement signed in October.

The meeting on Monday comes after Russia warned last week that Ukraine needed to prepay for its future gas supplies under its existing... Add a comment

Read more...

Iran shuts down nuclear power plant for 2 months

Iran shuts down nuclear power plant for 2 monthsThe nuclear power plant will be disconnected for a two-month period

Iran’s Bushehr nuclear power plant will be shut for two months due to maintenance works, Atomic Energy Organization of Iran, AEOI announced on Monday.

The nuclear power plant will be disconnected for a two-month period, which began on Sunday night.

Bushehr is the only nuclear power plant of Iran. Its construction started... Add a comment

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UK opposes sale of oil and gas fields to Russian oligarch

UK opposes sale of oil and gas fields to Russian oligarchGerman company plans to sell 12 British oil and gas fields in North Sea to Russian oligarch Mikhail Fridman

U.K.’s Department of Energy and Climate Change has disapproved Monday the sale of 12 British oil and gas fields in the North Sea by German utilities company RWE to Russian oligarch Mikhail Fridman’s LetterOne fund. 

RWE announced last year that it was to sell 12 oil and gas... Add a comment

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Turkish lira hits historic low against US dollar

Turkish lira hits historic low against US dollarA rising dollar index and a dispute between Turkey's Central Bank and government officials bring value of Turkish lira to fresh lows.

The Turkish lira hit a record low against the U.S. dollar on the back of a better-than-expected U.S. fourth quarter Gross Domestic Product figures Friday.

The U.S. dollar index, a measure of the dollar against a basket of major currencies, secured its... Add a comment

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