Net profits of Turkish banks rise in first quarter

Banking Regulation and Supervision Agency said Tuesday that the net profit of Turkey’s banking sector rose by 65.02 percent year-on-year in the first three months of 2017 to TL 13.5 billion ($ 3.8 billion). According to the report, total assets rose by 135 billion liras ($ 38.9 billion) or 4.9 percent at the end of 2016 and rose to 2.866 trillion More...

by Editor | Published 3 weeks ago
TURKISH CENTRAL BANK
By Editor On Monday, April 17th, 2017
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Year-end dollar forecast based on survey conducted by Central Bank of Turkey

The Central Bank of Turkey (CBT) published an “Expectation Survey” for April”. Based on said study the year-end rate for dollar against TL was forecasted at 3.8352. According to the same survey conducted More...

By Editor On Sunday, March 5th, 2017
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Science, Industry and Technology Minister heralds new jobs for 100,000 qualified people

Science, Industry and Technology Minister ÖZLÜ: “Informatics Valley will create an employment opportunity for 2,000 people when the construction of the first stage is completed and a job potential for 100 More...

By Editor On Sunday, March 5th, 2017
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Number of Turkish firms operating in Serbia more than triples in 2 years

In the last couple od decades many Turkish entrepreneurs have started companies abroad. For instance Africa is one of those destinations where Turkish businessmen run quite successful operations. Recently it was More...

INFLATION
By Editor On Saturday, March 4th, 2017
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Turkish Statistical Institute says inflation rate reaches double-digit figure

Turkish government was obviously not very pleased with the report from TUIK (Turkish Statistical Institute) which said  inflation rate had reached double-digit figure again after five years. According to data More...

By Editor On Tuesday, February 28th, 2017
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Number of Russian tourists visiting Turkey increases in January

Russian Tourists After the jet-fighter crisis between Russia and Turkey economic relations had severely declined. Following the rapprochement between two countries tourism revenue figures have started to improve More...

By Editor On Tuesday, December 20th, 2016
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The development of internet and social media usage in Turkey

Turkey which has a young population is a country which adopts to major technology developments quite swiftly as verified by the rapid and huge increase in the number of Facebook and Twitter users (as well as other More...

By Editor On Sunday, December 18th, 2016
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USA beverage giant Pepsi to establish sixth factory in Turkey

USA based food and beverage giant PepsiCo announced that it would build a sixth factory in Turkey. The Prime Ministry Investment Support and Promotion Agency of Turkey (ISPAT) proposed the location for the food More...

By Editor On Saturday, December 17th, 2016
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Socar and Arab countries grow interest in investing in Turkey

Azerbaijan’s state oil company SOCAR and Arab countries look to seize investment opportunities in Turkey in a wide variety of industries with projects that will facilitate the reduction of the current deficit. More...

By Editor On Saturday, December 17th, 2016
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Turkey and Qatar to sign 14 trade agreements in Trabzon

Qatar’s Ankara ambassador Al-Shafi said the country seeks opportunities to invest in Turkey, adding that the Emir of Qatar would meet President Erdoğan to sign 14 trade agreements on Dec. 18 in Trabzon. More...

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