Finance

Moody’s is to hold a teleconference about Turkey on January, 28th. According to the information that is on the website of Moody’s, amongst the headlines that are going to be discussed during the teleconference are the fact that Turkey came close to the level of investable; whether Turkey will be able to provide sustainable growth; and whether it will be able to manage foreign... Add a comment

Finance

International credit rating institution Moody's has said that there was no change in Turkey's rating. Speaking to AA correspondent on Tuesday, Moody's spokesperson Jessica Sibado said that there was no change in Turkey's rating of Ba1. Earlier today, Moody's said that it will hold a teleconference regarding Turkish economy on January 28.

Moody's said that "Shifting closer to an investment... Add a comment

Finance

World Bank predicts that in 2013 Turkish economy would grow 4 percent and added that Turkey made a significant progress in the scope of reducing inflation momentum. The "Global Economic Prospects 2013" report of the World Bank has predicted economic growth rates for Turkey in 2013.

The Report called Turkey, Russia, India and Brazil "large middle-income countries" and also covered their... Add a comment

Finance

A strong economy and resilient banking sector will likely attract more foreign banks seeking Turkish bank acquisitions this year, Fitch Ratings said in a written note on Monday. The rating agency said possible acquisitions of Turkish banks by foreigners could improve the credit ratings of the banks purchased “because buyers are likely to be more highly rated.”

“Turkey's medium-sized... Add a comment

Finance

Nations around the globe need to press forward with fiscal and reform promises, especially in the United States and Europe, to reduce the uncertainties shackling growth, the head of the IMF said on Thursday, warning that the global economy barely dodged a bullet last year.

IMF Managing Director Christine Lagarde said the euro zone debt crisis and U.S. "fiscal cliff" could have brought... Add a comment

Finance

Unilever Turkey Chairman of the Board, Izzet Karaca stated that Turkey got more Eurpean in inflation; saying that inflation of Turkey is expected as 0-3% in 2013. He stated that it is significant that producer inflation is 2.5% and the producers will not reflect all increases on consumer in such a competitive environment. According to Karaca, the companies will raise their income by... Add a comment

Finance

Turkish Statistical Institute announced Consumer Price Index (CPI) in Turkey as 6.16%; and Producer Price Index (PPI) as 2.45% increase. According to this, yearly inflation remained 4.29 points below 2011 in CPI; and 10.68 below PPI in 2011. According to the data, CPI increased 0.38%; and PPI decreased 0.12% in December.

As of main spending groups, the highest increase in December... Add a comment

Finance

Economists stated that the draft that aims to get rid of the financial cliff in the USA will reflect positively on Turkey even with limits.  ING Bank Economist, Sengul Dagdeviren stated that an agreement will surely come but it is important when this will happen. She also stated that the trouble is overcome yet partly the issue is postponed. She added that a new agreement should... Add a comment

Finance

Turkish Minister in charge of European Union and Chief Negotiator, Egemen Bagis stated that Turkish economy continues to be one of the most rapidly growing economies of the world. Bagis stated that in Europe, to where Turkey used to realize 65% of its foreign trade, there is a very heavy crisis; as well as other political wars and natural disasters around the world; yet, Turkey... Add a comment

Finance

Turkish Central Bank President, Erdem Basci announced 2013 plans in economy, along with 2015 inflation estimation and growth rate of Turkey in general. Basci pointed out that risks should not be underestimated. Basci also stated that the main target of the Central Bank is to stabilize the prices.

Basci added that the inflation rate of Turkey is estimated to be below 6.5% in 2012; and... Add a comment