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Turkish exporters break records albeit global threats

ANKARA Turkey breaks export records despite global trade wars and rising protectionism, the country’s trade minister said on Tuesday.  “Turkish exports go through the hardest period but we continue to hit records thanks to steps taken by the government and our exporters’ efforts,” Ruhsar Pekcan told Turkish ambassadors at a dinner hosted by Foreign Economic […]

Turkish stocks end Monday 0.52% up

BIST 100 index rises 535 points from last week’s close, USD/TRY exchange rate stands at around 5.61 ANKARA Turkey’s benchmark stock index ended the day up 0.52% to close at 103,373.07 points on Monday. Starting the week at 103,146.74 points, Borsa Istanbul’s BIST 100 index increased 535.88 points from 102,837.19 points at Friday’s close. During […]

UAE buys fifth largest bank in Turkey

Turkey’s Banking Regulation and Supervision Agency (BDDK) on June 28 approved the purchase of private lender Denizbank by the Emirates NBD Bank PJSC (ENBD) of United Arab Emirates.  In April, the ENBD signed an agreement with Russian lender Sberbank, owner of Denizbank, to buy 99.85% of Denizbank‘s shares for 15.48 billion Turkish liras ($2.7 billion). The acquisition period is […]

Business confidence improves in June

Business confidence in Turkey gained momentum in June from the previous month, a regular survey by the Central Bank showed on June 24. The business confidence index increased by a strong 3.6 percent on a monthly basis to touch 102.5 in June, the Central Bank said. That followed a 6.3-percent decline month-on-month in business sentiment in May. The confidence index increased every single month from January to April this year. The 100-point […]

Turkey’s Lycian Way awaits adventurers

Footpath stretching hundreds of kilometers offers glimpse of an ancient civilization, breathtaking scenery When tourism and Turkey are mentioned together, one might think about the country’s countless blue-flagged beaches and ancient sites, but it is also home to one of the world’s longest footpaths — the Lycian Way.  The Lycian Way, named after the ancient […]

Turkey’s foreign trade deficit falls 55.6% in April

Turkey’s foreign trade deficit in April fell 55.6% year-on-year, the country’s statistical authority announced on May 31. Turkish Statistical Institute (TÜİK) said the foreign trade deficit in April totaled $2.98 billion, improving from a $6.71-billion deficit a year ago. Last month, Turkey’s exports hit $14.48 billion — up 4.6% on a yearly basis — and imports dropped to $17.46 billion with an annual decline of […]

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