7 C
Frankfurt am Main
type here...

CATEGORY

Business

Business

Dutch bank forecasts Turkish economy will shrink 3 percent in 2019

Turkey will face a severe economic crisis in 2019 that will result in a contraction of the economy by 3 percent and further the...
Business

Fitch downgrades its growth forecast for Turkey amid currency crisis

Fitch Ratings has revised its growth forecast for Turkey to 3.8 percent in 2018 and 1.2 percent in 2019, lowering it by 0.7 percent...
Business

Motherboard introduced as ‘made in Turkey’ turns out to be Chinese product

An electronic motherboard that was allegedly developed by a young Turkish entrepreneur has turned out to be a Chinese product, the pro-government Güneş daily...
Business

Turkey sees highest inflation in past 15 years at nearly 18 percent

Inflation in Turkey rose again in August to nearly 18 percent, official statistics showed, the highest since late 2003 and coming after the Turkish...
Business

Turkey’s finance minister expects no fine for Halkbank, citing US law firm

A US law firm hired by Turkey to look into state-owned Halkbank’s dealings with Iran found that it did not violate US sanctions, Turkey’s...
Business

1,763 Halkbank customers make $4.6 mln in transactions during ‘cheap selling’ glitch

Turkey’s state-owned Halkbank General Manager Osman Aslan said on Sunday that the bank’s cheap dollar and euro selling on Friday night was a glitch...
Business

Turkey calls on country’s religious authority in struggle to keep prices down

As the Turkish lira continues to be hit by losses in value against foreign currencies, the government has been struggling to keep prices down,...
Business

Erdoğan calls int’l credit rating agencies ‘fraudsters,’ says currency crisis will pass

Turkish President Recep Tayyip Erdoğan on Friday called international credit rating agencies “fraudsters” while promising his supporters that “this too shall pass,” referring to...
Business

Albayrak: Global rating agencies trying to create pessimistic view of Turkey’s banks

International rating agencies have been making intense efforts to create a pessimistic view of Turkey’s banks, Treasury and Finance Minister Berat Albayrak said on...
Business

Turkey’s central bank deputy governor to leave: report

Turkish Central Bank Deputy Governor and ratesetter Erkan Kilimci is leaving the bank, three sources familiar with the matter told Reuters. Kilimci is joining the...
Business

Report: German MediaMarkt suspends Turkey’s Teknosa acquisition plans

German consumer electronics retailer MediaMarkt has suspended plans to buy shares in Turkey’s Teknosa, Reuters reported, citing two sources close to the matter, after...
Business

Turkey’s economic confidence falls 9 percent, lowest in nine years

Economic confidence in Turkey fell 9 percent in August, compared to last month, the Turkish Statistics Institute (TurkStat) announced on Wednesday, indicating that it...
1...121122123...156Page 122 of 156

Latest news

© Designed by Increases 2016 - 2022

About Us

Categories