Rise in oil prices makes Turkey 12th most expensive country in gasoline

OIL PRICES

Cost of a 50-liter tankage has shown an increase of 15.5 liras in gasoline-powered vehicles and 13.5 liras in diesel-powered vehicle, which has made Turkey Europe’s 12th most expensive country in gasoline. Rise in oil prices as a result of US dollar gaining value against Turkish Lira has brought gasoline price hike. Fuel dispenser companies gave More...

by Editor | Published 6 months ago
TURKISH PM BINALI YILDIRIM
By Editor On Tuesday, November 29th, 2016
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Turkish Prime Minister says Turkey will beat US Dollar with support of citizens

Speaking in a parliamentary group speech on Nov. 29. Prime Minister Binali Yıldırım said  “Turkey will overcome steep fluctuations in foreign exchange rates with the support of its citizens, as the foundations More...

By Editor On Monday, November 28th, 2016
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Minister says Turkey optimistic about exchange rate which will fall after some time

Government spokesman Numan KURTULMUŞ said that after a certain period of time the dollar will fall. He also said “We have concrete plans to strengthen lira, and from time to time we declare them”. Kurtulmuş More...

By Editor On Monday, November 28th, 2016
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Turkish government will provide incentives for project based high added-value investments

In accordance with a newly issued cabinet decree, the government will provide incentives to project-based and high-added-value investments such as value-added tax exemptions and a reduction in employers’ More...

ISPAT ARDA ERMUT PRESIDENT
By Editor On Saturday, November 26th, 2016
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ISPAT of Turkey leads executives of US companies to remove perception gaps

Arda ERMUT, President of Investment Support & Promotion Agency of Turkey led a delegation of top executives of US companies operating in Turkey on a roadshow to New York and Washington D.C. in a bid to convey More...

JOHANNES ZUTT WORLD BANK
By Editor On Saturday, November 26th, 2016
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World Bank says Turkey may see slower GDP growth in second half of 2016

A statement made by World Bank suggests that due to slowing down of private investment and consumption recently, high frequency indicators suggest real GDP growth may fall into negative territory in Turkey in the More...

TURKISH PM BINALI YILDIRIM
By Editor On Saturday, November 26th, 2016
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Turkish PM “We will see fluctuations in economy until Donald Trump takes office”

In an interview with state broadcaster TRT Haber late on Nov. 24th Turkish PM Yıldırım said  global markets would continue to see steep fluctuations over the next 1.5 months until U.S. President-elect Donald More...

TURKISH CENTRAL BANK
By Editor On Thursday, November 24th, 2016
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Turkey’s Central Bank raises benchmark interest rates by 50 basis points

Turkey’s Central Bank raised its benchmark interest rate by 50 basis points on Nov. 24 in an unexpected move, ordering the first increase in nearly three years, as a skyrocketing U.S. dollar and domestic worries More...

By Editor On Tuesday, November 15th, 2016
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Banking watchdog says Bank of China set to start Turkey operations in 2016

The Bank of China will likely start operations in Turkey by the end of 2016, the head of Turkey’s banking watchdog has told Anadolu Agency.  Banking Regulation and Supervision Agency (BDDK) President Mehmet More...

unemployment_turkey
By Editor On Tuesday, November 15th, 2016
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Unemployment in Turkey rises to 11.3 percent in August, year on year

Turkey’s unemployment rate rose to 11.3 percent in August year-on-year, an increase of 1.2 percentage points, the Turkish Statistical Institute (TÜİK) announced on Nov. 15. The number of unemployed people aged More...

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