Turkish parliament to debate Sweden’s NATO bid on Tuesday -sources
By Huseyin Hayatsever ANKARA (Reuters) – The Turkish parliament’s general assembly is set to debate Sweden’s NATO membership bid on Tuesday, three sources from parliament said. After likely full parliamentary approval on…
Turkish manufacturing activity barely grows in February as quake disrupts production
ISTANBUL (Reuters) – Turkish factory activity expanded very slightly in February as massive earthquakes impacted the sector as some firms suspended production resulting in a slowdown in output and orders, a business…
Turkish trade deficit jumps 38% to $14.2 billion in January
ISTANBUL (Reuters) – Turkey’s foreign trade deficit widened 38.4% year-on-year to $14.24 billion in January, official data showed on Monday, with imports surging 20.7% and exports up 10.3%. The Turkish Statistical Institute…
Turkish economic confidence down slightly in February
ISTANBUL (Reuters) – Turkey’s economic confidence index fell 0.3% month-on-month in February to 99.1 points, following massive earthquakes that devastated the country’s southern region, data from the Turkish Statistical Institute showed on…
Turkish woman dies day after her rescue following 104 hours under quake rubble
KIRIKHAN, Turkey (Reuters) – A woman died in hospital on Saturday a day after she was pulled out of the rubble of a collapsed building in southern Turkey, where she had been…
Turkish consumer confidence rises to 79.1 points in January
ISTANBUL (Reuters) – Turkey’s consumer confidence index rose 4.6% to 79.1 points in January, official data showed on Monday, increasing again after a month with marked improvements in confidence for households and…
Turkish foreign minister says he expects U.S. to approve F-16 sale
WASHINGTON (Reuters) – Turkish Foreign Minister Mevlut Cavusoglu said ahead of a meeting with U.S. Secretary of State Antony Blinken in Washington on Wednesday that he expects the United States to approve…
Turkish 2022 trade deficit leaps 138% to $110.2 billion -ministry
ISTANBUL (Reuters) – The Turkish trade deficit widened 138.4% from the previous year to $110.19 billion in 2022, the Trade Ministry said on Monday, with exports rising 12.9% to $254.2 billion and…
Turkish factory activity contracts in Dec but shows improvement -PMI
ISTANBUL (Reuters) – Turkish factory activity contracted for the 10th month running in December but showed some signs of improvement from previous months as output and new orders fell more slowly, a…
Turkish central bank includes other financial firms in securities regulation
ANKARA (Reuters) – The Turkish central bank has included non-bank financial companies in securities maintenance regulations as part of its “liraization strategy” which will be introduced in the New Year. In addition…
In a first, Turkish court arrests journalist under ‘disinformation’ law
By Huseyin Hayatsever and Ali Kucukgocmen ANKARA (Reuters) – A Turkish court ordered the arrest of a journalist in the country’s southeast for allegedly spreading “disinformation”, his lawyer said on Thursday, marking…
Turkish watchdog cuts banks’ forex to capital ratio limit
ISTANBUL (Reuters) – Turkey’s BDDK banking watchdog has set the foreign currency net position to standard capital ratio for banks at a maximum 5% according to a regulation published in the country’s…
Azerbaijan’s SOCAR halts Russian crude supplies to Turkish refinery
By Rowena Edwards and Julia Payne LONDON/MOSCOW (Reuters) – Azerbaijan’s state oil firm SOCAR has paused purchases of Russian crude oil for its Turkish refinery, industry sources said, in a sign Western…
Finland hopes for Turkish support for NATO bid soon, considers arms exports
By Huseyin Hayatsever ANKARA (Reuters) – Finland’s defence minister Antti Kaikkonen said the sooner Turkey ratifies its NATO membership bid the better and it would consider granting arms export permits to Turkey…
Turkish factory activity barely expanded in October: Reuters Poll
ANKARA (Reuters) – Turkey’s industrial production index is expected to have barely expanded in October, a Reuters poll showed on Wednesday, with some economists expecting a contraction as a slowdown in some…
Turkish exporters’ head says FX rate should better reflect inflation
By Ceyda Caglayan ISTANBUL (Reuters) – The Turkish lira’s sudden stability after a roller-coaster year, despite annual inflation near 85%, is hurting exporters’ competitiveness and some risk losing markets, a top sector…
Turkish strikes hit oil installations in northern Syria, sources say
By Suleiman Al-Khalidi AMMAN (Reuters) – Turkish drones are targeting key oil installations run by the Kurdish-led Syrian Democratic Forces (SDF) in northeast Syria, three local sources said, in air strikes which…
Top U.S., Turkish generals hold phone call
WASHINGTON (Reuters) – The United States’ top general spoke with his Turkish counterpart on Wednesday, the U.S. military said, as Turkish President Tayyip Erdogan said that Turkey’s air operations against a Kurdish…
Turkish central bank warns lenders against FX transactions during ‘off hours,’ other issues -letter
ANKARA (Reuters) – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and offering deposits with very high…
Turkish central bank warns lenders against FX transactions during ‘off hours,’ other issues -letter
ANKARA (Reuters) – Turkey’s central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during “off hours” and offering deposits with very high…
Turkish opposition calls new media law ‘censorship’, will appeal to top court
By Mert Ozkan and Jonathan Spicer ANKARA (Reuters) – Turkey’s main opposition group said on Friday it would ask the top court to throw out new media legislation that would jail people…
Turkish central bank to cut rates to 11% after Erdogan nudge – Reuters Poll
ISTANBUL (Reuters) – Turkey’s central bank is expected to cut its policy rate by 100 basis points to 11% next week, a Reuters poll showed on Friday, after President Tayyip Erdogan called…
Targeted Turkish credit policies benefiting SMEs -deputy cenbank head
By Nevzat Devranoglu ANKARA (Reuters) – Targeted credit policies adopted by Turkey’s central bank have this year enabled small and medium-sized businesses (SMEs) to grab their highest ever share of banking sector…
Turkish factory output rises 1% yr-on-yr in August
ISTANBUL (Reuters) – Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflation and lira weakness.…
Turkish central bank net reserves rose $3 billion last week -data/bankers
ANKARA (Reuters) – The Turkish Central Bank’s net reserves rose $3 billion last week and total reserves climbed $7 billion, calculations based on preliminary data from five bankers showed on Tuesday. The…
Turkish unemployment rate falls to 9.6% in August
ISTANBUL (Reuters) – Turkey’s unemployment rate dropped 0.4 percentage points month-on-month to 9.6% in August, while a seasonally adjusted measure of labour under-utilisation fell to 19.8%, data showed on Monday. The labour…
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