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Turkey seeks $500 mn trade volume with Ethiopia

Sunday, January 25, 2015 Media
Turkey would like to increase its trade volume with Ethiopia up to $500 million, Turkish President Recep Tayyip Erdogan said Thursday. The president's remarks came at the Turkey-Ethiopia Business Forum in the capital Addis Ababa, where Erdogan is paying an official visit. "I believe the trade volume between the two…

Davos: Turkey's economic star continues to shine

Sunday, January 25, 2015 Enterprise
"Turkey’s economic star continues to shine," said Robert Greifeld, CEO of the international stock exchange group NASDAQ. Speaking on Thursday at the World Economic Forum at Davos, Greifeld praised Turkish capital markets and their investment offer. "What we’ve witnessed in Turkey's international growth and economic…

Maduro announces steps to fight Venezuela economic 'crisis'

Sunday, January 25, 2015 Expert Advice
Venezuelan President Nicolás Maduro announced Wednesday new measures to attempt to fix the country's ailing economy, which he admitted was "in crisis." During his annual address to the National Assembly, Maduro said the economy had shrunk 2.8 percent in 2014, with inflation running at 64 percent, and steps were needed…

Davos delegates discuss global economy, ECB stimulus

Sunday, January 25, 2015 Europe
Regional and national strategies were high on the agenda at the World Economic Forum at Davos, Switzerland, on Thursday, with delegates focusing on the need to boost the European and global economies. The World Economic Forum, which unites 2,500 of the world’s leaders, business people and regulators, heard first a…

ECB launches $1 trillion stimulus program amid criticism

Sunday, January 25, 2015 Europe
The European Central Bank has unveiled a $1 trillion economic stimulus program amid criticism it could trigger spiraling inflation in the EU bloc. ECB governor Mario Draghi announced the move at the bank’s offices in Frankfurt on Thursday, saying: “Risks are on the downside for the euro area, but should have…

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January 25, 2015

Turkey seeks $500 mn trade volume with Ethiopia

Turkey would like to increase its trade volume with Ethiopia up to $500 million, Turkish President Recep Tayyip Erdogan said Thursday. The president's remarks…
January 25, 2015

Davos: Turkey's economic star continues to shine

"Turkey’s economic star continues to shine," said Robert Greifeld, CEO of the international stock exchange group NASDAQ. Speaking on Thursday at the World…
January 25, 2015

Maduro announces steps to fight Venezuela economic 'crisis'

Venezuelan President Nicolás Maduro announced Wednesday new measures to attempt to fix the country's ailing economy, which he admitted was "in crisis." During…
January 25, 2015

Davos delegates discuss global economy, ECB stimulus

Regional and national strategies were high on the agenda at the World Economic Forum at Davos, Switzerland, on Thursday, with delegates focusing on the need to…
January 25, 2015

ECB launches $1 trillion stimulus program amid criticism

The European Central Bank has unveiled a $1 trillion economic stimulus program amid criticism it could trigger spiraling inflation in the EU bloc. ECB governor…

IMF slashes Brazil growth forecast for 2015 to 0.3 percent

January 24, 2015 in Finance
The International Monetary Fund drastically cut its 2015 outlook for expansion in the Brazilian economy, according to a report published Tuesday. The January…

Top stock exchange managers praise Turkey’s markets

January 24, 2015 in Finance
Top officials of world’s leading stock exchanges highlighted Tuesday the enormous economic potential of Turkey and its financial capital Istanbul. Xavier…

Turkey set to build economic zone in Djibouti: Minister

January 24, 2015 in Stock Markets
Turkey is set to build an economic zone in Djibouti as part of the former's efforts to encourage the Turkish business community to invest in the Horn of Africa…

Davos: Growth tops the agenda; Outlook is grim, say CEOs

January 24, 2015 in Enterprise
An increasing number of CEOs responded to a survey at Davos with a pessimistic view of growth prospects for this year, according to a report by…

Foreign investment in Turkey increased in 2014

January 24, 2015 in Expert Advice
 Turkey will continue to attract extensive foreign investment, the President of the Turkish Prime Ministry Investment Support and Promotion Agency said…

Turkey's top business association chooses new chair

January 23, 2015 in Finance
New chairwoman Cansen Basaran-Symes received 174 out of 176 votes Cansen Basaran-Symes has been elected the new chair of Turkey's top business association,…

Turkey's Aselsan to partner Eurofighter jet producer

January 23, 2015 in Innovation
Firms to partner on engine monitoring, engine control systems and software development for Eurofighter Typhoon jet engines Turkish defense industry company…

Malaysia not on brink of recession, says Razak

January 23, 2015 in Asia
Prime minister downplays economic woes as he amends 2015 budget predictions Prime Minister Najib Razak Tuesday denied Malaysia was on the brink of recession in…

London, Istanbul bourses sign strategic partnership

January 23, 2015 in Bonds and Funds
Turkish securities will be listed on the London exchange, providing greater access to international investment A strategic partnership agreement was signed…

Turkish real estate sector getting ready for MIPIM 2015

January 23, 2015 in Real Estate
MIPIM, one of the world’s leading property fairs, will be held next 10-13 March 2015 in Cannes, France. Many Turkish cities will be represented at MIPIM.…

Erdogan: Turkey to be strategic in energy transmission

January 22, 2015 in Energy
Turkish president sees the country as a bridge between energy-rich countries and those with high demand Turkey wants to exploit its strategic position between…

Turkish PM: Istanbul, London deal will change history

January 22, 2015 in Finance
Davutoglu says marriage of two economic centers will also serve as a remedy for EU economy Turkish Prime Minister Ahmet Davutoglu said Tuesday that traditional…

Fuel crisis cripples Pakistani cities

January 22, 2015 in Asia
Analysts claim shortage by Pakistan government's failure to pay oil suppliers A week-long fuel crisis in Pakistan has brought daily life to a standstill in…

Swiss franc borrowers in Balkans struggle to survive

January 22, 2015 in Finance
Thousands around Europe who took Swiss franc loans at low interest face bankruptcy; In Balkans, insolvency causes 19 suicides. Borrowers all over southern…

Poll: 60% of Russians say country in crisis

January 22, 2015 in Asia
Nearly half of Russian citizens say their living standards deteriorated in past three months. More than 60 percent of Russians say they believe their country…

ECB launches $1 trillion stimulus program amid criticism

ECB launches $1 trillion stimulus program amid criticismThe European Central Bank has unveiled a $1 trillion economic stimulus program amid criticism it could trigger spiraling inflation in the EU bloc.

ECB governor Mario Draghi announced the move at the bank’s offices in Frankfurt on Thursday, saying: “Risks are on the downside for the euro area, but should have diminished after today’s decision and the fall in oil prices."

Under the... Add a comment

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Turkey seeks $500 mn trade volume with Ethiopia

Turkey seeks $500 mn trade volume with EthiopiaTurkey would like to increase its trade volume with Ethiopia up to $500 million, Turkish President Recep Tayyip Erdogan said Thursday.

The president's remarks came at the Turkey-Ethiopia Business Forum in the capital Addis Ababa, where Erdogan is paying an official visit.

"I believe the trade volume between the two countries could be much higher. Our goal is to increase it up to $500... Add a comment

Read more...

Davos: Turkey's economic star continues to shine

Davos: Turkey's economic star continues to shine"Turkey’s economic star continues to shine," said Robert Greifeld, CEO of the international stock exchange group NASDAQ.  

Speaking on Thursday at the World Economic Forum at Davos, Greifeld praised Turkish capital markets and their investment offer.

"What we’ve witnessed in Turkey's international growth and economic progress only furthers its investment opportunities.  Nasdaq... Add a comment

Read more...

Maduro announces steps to fight Venezuela economic 'crisis'

Maduro announces steps to fight Venezuela economic 'crisis'Venezuelan President Nicolás Maduro announced Wednesday new measures to attempt to fix the country's ailing economy, which he admitted was "in crisis."

During his annual address to the National Assembly, Maduro said the economy had shrunk 2.8 percent in 2014, with inflation running at 64 percent, and steps were needed to tackle the flagging economy for which he was willing to be... Add a comment

Read more...

Turkey's top business association chooses new chair

Turkey's top business association chooses new chairNew chairwoman Cansen Basaran-Symes received 174 out of 176 votes

Cansen Basaran-Symes has been elected the new chair of Turkey's top business association, TUSIAD, on Thursday after her predecessor decided to not run for presidency.

Haluk Dincer, former chair of the association ,who was elected to the top post in the extraordinary general assembly session in June last year, recently said he... Add a comment

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Davos delegates discuss global economy, ECB stimulus

Davos delegates discuss global economy, ECB stimulusRegional and national strategies were high on the agenda at the World Economic Forum at Davos, Switzerland, on Thursday, with delegates focusing on the need to boost the European and global economies.

The World Economic Forum, which unites 2,500 of the world’s leaders, business people and regulators, heard first a panel discussion on whether economic stimulus measures planned by the... Add a comment

Read more...

Foreign investment in Turkey increased in 2014

Foreign investment in Turkey increased in 2014 Turkey will continue to attract extensive foreign investment, the President of the Turkish Prime Ministry Investment Support and Promotion Agency said Wednesday.

"It is our priority to attract international investments for Turkey that will contribute to reduce the budget deficit, provide technical experience and help the country reach its 2023 targets," İlker Ayci, whose agency is... Add a comment

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Davos: Growth tops the agenda; Outlook is grim, say CEOs

Davos: Growth tops the agenda; Outlook is grim, say CEOsAn increasing number of CEOs responded to a survey at Davos with a pessimistic view of growth prospects for this year, according to a report by PricewaterhouseCoopers released Wednesday.

The research and consulting firm canvassed 1,300 CEOs at the conference, and found that 17 percent thought that growth prospects were poor in 2015, up from 7 percent in the previous year.

About half of... Add a comment

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Turkey set to build economic zone in Djibouti: Minister

Turkey set to build economic zone in Djibouti: MinisterTurkey is set to build an economic zone in Djibouti as part of the former's efforts to encourage the Turkish business community to invest in the Horn of Africa nation at a large scale and to boost economic cooperation between the two countries, a Djiboutian minister said.

"The Turkish companies will assemble and process goods and thereby easily export them to East African region and... Add a comment

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Top stock exchange managers praise Turkey’s markets

Top stock exchange managers praise Turkey’s marketsTop officials of world’s leading stock exchanges highlighted Tuesday the enormous economic potential of Turkey and its financial capital Istanbul.

Xavier Rolet, chief executive officer of the London Stock Exchange Group, said “Turkey is one of the world’s most exciting emerging markets; it is blessed with a young, entrepreneurial population and an ongoing commitment towards building a... Add a comment

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