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China’s Huawei makes Turkey focus of Mideast market: report

China’s Huawei makes Turkey focus of Mideast market: report

Described as a national security threat by the US, Chinese smart phone manufacturer Huawei has made its Turkey venture the…
US ends Turkey’s preferential trade agreement, reduces tariffs on steel

US ends Turkey’s preferential trade agreement, reduces tariffs on steel

The United States on Thursday terminated Turkey’s preferential trade treatment that allowed some exports to enter the country duty free,…
Turkey’s central bank increases its yearend inflation expectation

Turkey’s central bank increases its yearend inflation expectation

The Turkish Central Bank has increased its forecast for yearend inflation from 16.23 percent to 16.68 percent while decreasing its…
Turkish state banks sell dollars to boost lira’s value: report

Turkish state banks sell dollars to boost lira’s value: report

Turkey’s state banks, including the largest lender by assets, Ziraat Bank, sold $1 billion on Thursday and overnight to curb…
Turkey’s energy, automotive sectors suffering from debt, low demand

Turkey’s energy, automotive sectors suffering from debt, low demand

Turkey’s energy and automotive sectors are suffering from exorbitant debt and low demand, respectively, in the face of a continuing…
Turkish Central Bank’s forex reserves shrink again, losing $1 million

Turkish Central Bank’s forex reserves shrink again, losing $1 million

The Turkish Central Bank’s international net reserves suffered a further decrease of $1 million last week, according to the T24…
Turkey’s PMI maintains its negative trend for the 13th month in a row

Turkey’s PMI maintains its negative trend for the 13th month in a row

Turkey’s Purchasing Managers’ Index (PMI), a survey of manufacturing sector managers on productivity, stood at 46.8 in April, marking the…
Izmir follows Ankara’s bread price increase

Izmir follows Ankara’s bread price increase

The price of 250 grams of bread in Izmir city has increased to 1.5 lira (0.25 USD) – a 25…
Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis

Turkey’s consumer confidence surges by 3.4 percent, signaling recovery from currency crisis

Turkey’s consumer confidence index rose by 3.4 percent in April, reaching 84.7 points, the Turkish Statistical Institute (TurkStat) said on…
İstanbul election challenges, strained US relations lead Turkish lira to hit 6-month low

İstanbul election challenges, strained US relations lead Turkish lira to hit 6-month low

The Turkish lira hit its weakest intraday level against the dollar since mid-October on Wednesday as investors weighed up risks…
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