Banks in Turkey enjoy high profits despite issues in economy

Although banks in Turkey often complain about low profitability, figures say otherwise. Indeed banks have left behind another profitable period. It is reported that the net profit of the 10 deposit banks traded on the exchange was TL 24 billion 592 million in first 9 months of this year, increasing by 26.7 percent compared to the same period of 2016. 9 More...

by Editor | Published 1 week ago
Turkey plans importation of 350,000 bovine animals & 66 thousand tons of carcass meat
By Editor On Wednesday, November 8th, 2017
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Turkey plans importation of 350,000 bovine animals & 66 thousand tons of carcass meat

The quantity of live animals and carcass meat to be imported by Meat and Milk Association of Turkey (ESK) in the next 7 months is determined. By the end of this year, 350 thousand bovine animals and 66 thousand More...

Turkey’s president to meet Elon Musk, founder of electric car company Tesla
By Editor On Wednesday, November 8th, 2017
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Turkey’s president to meet Elon Musk, founder of electric car company Tesla

Elon Musk, founder of big companies such as electric car brand Tesla and space transportation company SpaceX, is scheduled to come to Turkey. It is reported that President Tayyip Erdogan will receive Elon Musk More...

Head of Turkey's TOBB: “Ayvalık Olive Oil will become a global brand"
By Editor On Tuesday, November 7th, 2017
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Head of Turkey’s TOBB: “Ayvalık Olive Oil will become a global brand”

Mr. HISARCIKLIOGLU, head of TOBB (Union of Chambers and Commodity Exchanges of Turkey) explained that initiative had been started to register AYVALIK OLIVE OIL trademark in Europe and this product would become More...

By Editor On Monday, November 6th, 2017
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Banks provide huge support for tourism investments in Turkey

Tourism has certainly been one of the main revenue sources for Turkey for years. All governments have attributed great importance to this sector in consideration of this fact. In this prospect an unparalleled financial More...

Rediscount decision by Central Bank has made exporters happy
By Editor On Monday, November 6th, 2017
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Turkish Exporters Union: Rediscount decision by Central Bank has made exporters happy

The rediscount arrangement decision announced by the Central Bank today has made Turkey’s exporters happy. Turkish Exporters Union (TIM) made a written statement in this regard saying “With this decision, More...

Turkey's Central Bank intervenes in financial markets
By Editor On Monday, November 6th, 2017
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Critical intervention in financial markets by Turkey’s Central Bank

The Central Bank (CBRT), stating “unhealthy price developments that are not in line with the economic basics in the markets” have been observed, has changed the upper limit of the foreign exchange and the slice More...

Turkey will become the first buyer of natural gas rather than ultimate buyer thanks to the Turkish Stream Project
By Editor On Sunday, November 5th, 2017
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Turkey to become first buyer of natural gas instead of ultimate buyer

  The first line to form “Turkish Stream Gas Pipelines” entered the Exclusive Economic Zone of Turkey yesterday. It was stated by officials of the project that “Turkey would now become the first More...

Turkey’s crude steel production grows in double digits in first nine months
By Editor On Saturday, November 4th, 2017
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Turkey’s crude steel production grows in double digits in first nine months

Turkey’s crude steel production in the first nine months of the year rose by 13.5 percent compared to the same period last year, reaching 27.7 million tons. In the same period, imports decreased to 11.9 million More...

Standard Poor's credit rating Turkey
By Editor On Saturday, November 4th, 2017
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Standard & Poor’s announces its decision about Turkey’s credit rating

International credit rating agency Standard & Poor‘s affirmed Turkey’s foreign currency credit rating as “BB” and domestic currency rating as “BB +” while it announced the More...

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