24.6 C
Frankfurt am Main
type here...

CATEGORY

Business

Business

Volkswagen declines to confirm investment in Turkey, says location still not decided

German car manufacturer Volkswagen has said the search for a location for a new factory is still ongoing and that no final decision has yet been...
Business

Turkey’s central bank governor sees room for more interest rate cuts

Turkey’s central bank cut its inflation forecasts on Wednesday and new governor Murat Uysal said it has “considerable” room for maneuver on interest rates in coming...
Business

Turkey begins transferring central bank legal reserves to treasury, economist says

Turkish economist Uğur Gürses has claimed that TL 21 billion ($3.77 billion) in the central bank’s legal reserves were transferred last Thursday to the treasury. The sum represents...
Business

Interest rates will be lowered further, Turkey’s finance minister says

Turkey will see a downward trend in interest rates in the coming days, the country's finance and treasury minister said on Tuesday, according to the Hürriyet...
Business

Energy prices in Turkey increased 300 percent in last 16 years: watchdog

Turkey’s Chamber of Electrical Engineers (EMO) has announced that energy prices have increased by more than 300 percent in the last 16 years, making Turkey first...
Business

Erdoğan says interest rate cut not enough, promises more

Turkish President Recep Tayyip Erdoğan has said an interest rate cut of 425 basis points by the country’s central bank on Thursday is not enough and...
Business

Turkey’s central bank lowers interest rates by 425 basis points

Turkey’s central bank sharply cut its key interest rate by a more than expected 425 basis points to 19.75 percent on Thursday to spur a recession-hit...
Business

EIB to restrict Turkey lending in line with EU ‘punishment’ for Cyprus drilling

The European Investment Bank (EIB) will not do any new lending in Turkey linked to the government until at least the end of the year while...
Business

Turkish consumer confidence declines again after bouncing back from record lows

Turkey’s consumer confidence fell to 56.5, a 2 percent drop from June’s 57.6, the Diken news website reported on Tuesday. Released by the country’s central bank and official...
Business

Turkish central bank governor sacked after refusing 300 basis point cut in interest rates: report

President Recep Tayyip Erdoğan’s abrupt decision to sack Turkey’s central bank governor Murat Çetinkaya came after months in which they had not met and was precipitated...
Business

Police seize $271 million in counterfeit banknotes in İstanbul

İstanbul police have seized a total of $271,150,000 in counterfeit $100 bills in an operation in İstanbul and detained five people in connection with the counterfeiting...
Business

Fitch downgrades 12 foreign owned, 2 state banks’ ratings: statement

New York-based Fitch Ratings, one of the big three credit ratings agencies, has downgraded the support-driven Long-Term Foreign Currency Issuer Default Ratings (LTFC IDRs) of 12...
1...868788...147Page 87 of 147

Latest news

Liked it? Take a second to support Turkish Minute on Patreon!
Become a patron at Patreon!

© Designed by Increases 2016 - 2022

About Us

Categories