Finance

Finance

Export index decreased by 1,3% in JanuaryIn January, the overall export unit value index decreased by 1.3 percent while the overall import unit value index decreased by 2.8 percent.

Turkish Statistical Institute (TurkStat) has released ‘Foreign Trade Indices, January 2014’.

According to TurkStat, as compared with the corresponding month of the preceding year, the overall export unit value index decreased by 1.3 percent.

In... Add a comment

Finance

Turkish government denies claims of financial bodies’ mergerAiming to put an end to ongoing claims that the government is mulling to merge capital markets and banking watchdogs, Deputy Prime Minister Babacan said the government has no such plans

The Turkish government has no plans to merge the banking and capital markets watchdogs under a single roof that would consolidate state control over the financial sector, Turkey’s Deputy Prime Minister for... Add a comment

Finance

Turkey’s current accounts deficit has been 4.9 billion in January According to Central Bank of the Republic of Turkey (TCMB)’s data, current accounts deficit has been $4 billion 877 million.

Turkey's current account deficit in January narrowed more-than expected from a year ago, figures from the central bank showed Wednesday.

The current account deficit has shrunk to $4.877 billion from $5.809 billion registered in the same month a year ago. Economists... Add a comment

Finance

Turks spend 32 billion liras for communicationTurkey spent over 32 billion Turkish Liras on communication in 2013, while more than 80 percent of the amount went into the cashboxes of Turkey’s top four telecommunication companies.

According to the sector report released by the Communication Technologies Institution (BTK), the communication sector’s sales income was boosted by 7.26 percent in 2013 as Turkish people spent 32.3 billion... Add a comment

Finance

Atatürk Airport has fastest growing passenger rateOperated by TAV Airports, Istanbul Atatürk Airport is the fastest growing airport in terms of passenger traffic While passenger traffic in European airports increased in January by 6.3 percent, Istanbul Atatürk Airport was the fastest growing airport in this category with a growth of 14.8 percent.

Kemal Ünlü, General Director of Istanbul TAV, stated that Istanbul Atatürk Airport has... Add a comment

Finance

Turkey spends more than $3 million on petsTurks spent $1 million on parrots and $2 million on ornamental fish imported from around the world last year, according to figures released by the Turkish Statistical Institute

According to data from the Turkish Statistical Institute, the import of cage birds raked in $951,000.

Pakistan and the Czech Republic are the countries with the highest value of pet imports. When it comes to aquarium... Add a comment

Finance

Turkey: Gold yields highest monthly profit in FebGold yielded the highest monthly real profit with rates of 2.36 percent (D-PPI) and 3.33 percent (CPI) respectively. Investors of the stock exchange made the highest annual loss with rates of 27.85 percent and 24.83 percent.

Gold yielded the highest monthly real profit in February, according to the Turkish Statistics Institute on Friday.

February's gold rates were 2.36 percent and 3.33... Add a comment

Finance

Trade between Turkey and Poland increases tenfoldPresident Gul praises 'win-win' trade relationship

Turkey's President Abdullah Gul said on Thursday that the trade between Turkey and Poland has reached $5.2 billion, a tenfold increase over the last decade. 

Speaking in Istanbul at the closing session of a series of events to mark the 600th anniversary of the founding of Polish-Turkish diplomatic relations, Gul stated that world trade had... Add a comment

Finance

Turkey decreases its public debtAccording to the Maastricht criteria, Turkey showed a far better performance than many other EU countries. It reduced its public debt to 36 percent of GDP last year from 74 percent in 2002.

 Turkey’s public debt decreased by approximately 36 percent of gross domestic product (GDP) last year, the International Monetary Fund (IMF) said.

According to the Maastricht criteria (where European... Add a comment

Finance

Turkey cuts gold holdings in JanuaryAccording to International Monetary Fund’s data, Turkey slashed its gold holdings by 31.1 tonnes in January.

Turkey cut its bullion holdings by 6 percent to 488,5 tonnes, preliminary IMF data showed on Tuesday.

Turkey is the world's 12th largest holder of gold as part of the central bank's reserves, according to the World Gold Council (WGC), which represents producers.

 

The IMF said... Add a comment

Finance

$3.9 bln comes to Turkey after CB int. rate decisionDeputy PM Babacan says 9.9 percent unemployment rate is in line with 2014 targets.

Turkey's Central Bank's policy decisions have helped to calm down the volatility of markets and encourage capital inflows since January 27, Deputy Prime Minister Ali Babacan said on Monday. 

In a television interview, Babacan praised the Central Bank’s policy of using an interest rate corridor and said it... Add a comment
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