US Federal Reserve raises interest rates as expected

The US Federal Reserve has raised interest rates as expected by experts. It cut interest rates to between 1.25 and 1.50. Three interest rate hikes for 2018 were anticipated. Fed lowered the unemployment expectation and raised growth forecast, signaling that the US economy is on track. The interest rate increase decision was taken by 7 votes against More...

by Editor | Published 53 mins ago
Turkey’s President Erdoğan says high interest rate is the reason for inflation
By Editor On Tuesday, December 12th, 2017
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Turkey’s President Erdoğan says high interest rate is the reason for inflation

President Erdoğan made a speech at the Presidential Palace in Ankara on December 11th, delivering important messages. Erdoğan also talked about economy and exchange rates as well as inflation issue. He said: More...

Turkey ranks third in health tourism in Europe
By Editor On Monday, December 11th, 2017
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Turkey ranks third in health tourism in Europe

Istanbul Health Expo Fair and Congress which attracted a great deal of attention was held in Yeşilköy Istanbul. The event received participation from 20 countries to include countries such as Saudi Arabia, Qatar, More...

By Editor On Saturday, December 9th, 2017
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President Erdoğan says US decision on Jerusalem contradicts international law

Referring to the U.S. President Donald Trump’s move on Jerusalem, President Recep Tayyip Erdoğan said on Dec. 9, the decision of the United States on Jerusalem contradicted international law and regional facts. More...

By Editor On Saturday, December 9th, 2017
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US aircraft manufacturing giant sets up technology center in Turkey

Boeing which has been operating in Turkey for 70 years has decided to take a giant step by committing to contribute to the growth of the Turkish aerospace industry in line with the country’s 2023 vision and promote More...

By Editor On Saturday, December 9th, 2017
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Domestic coal-fired power plants to be supported by Turkish Electricity Company

The Turkish Electricity Trading and Contracting Company (TETAŞ) has made important changes in the conditions of electricity purchasing to support power generating plants with domestic coal. Accordingly, TETAŞ More...

By Editor On Saturday, December 9th, 2017
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Istanbul Stock Exchange (BIST 100) closes at 107,921.34 with a gain of 4.21 percent

In the period 4-9 December 2017, BIST Financial Index increased by 5.76 percent to 127.913,21, Industrial Index with 3.43 percent to 120.138.62 pounds, Services Index increased by 2.73 percent to 77.538.94 and More...

By Editor On Saturday, December 9th, 2017
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Turkey’s Transportation Minister heralds 5 hours by train from Istanbul to Sivas

Turkey’s Transportation Minister has announced that the “Ankara-Sivas High Speed ​​Train Line” will be completed by 2019, at the latest. The passengers coming from Sivas will reach Haydarpasa (Istanbul) More...

By Editor On Thursday, December 7th, 2017
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President Erdoğan to discuss Jerusalem issue with Putin of Russia

Dmitri Peskov, spokesman for the Russian President Vladimir Putin informed that Putin would be talking to President Recep Tayyip Erdogan this evening and that the parties would discuss the situation in the Middle More...

Turkey’s Inflation exceeds expectations in November 2017
By Editor On Thursday, December 7th, 2017
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Turkey’s Inflation exceeds expectations in November 2017

TÜFE (consumer price index) which was expected to increase by 1.2 percent per month, in November went up by 1.49 percent. Annual inflation reached 12.98 percent. In monthly surveys increase in TÜFE expectancies More...

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