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Tuesday, September 13 2011 , Your time is 15:58:00
Russia has awarded a Turkish businessman for his efforts in the normalization of ties between Ankara and Moscow after a major row between the two sides last year
ISTANBUL - Reuters
Turkey’s banking sector loan growth may exceed 15 percent this year, lower than an expectation of some 20 percent, Iş Bank chief executive Adnan Bali said on May 24, adding Credit Guarantee Fund-backed (KGF) loans may slow down in the rest of the year.
The head of Sabancı Holding has said the company’s shares are currently trading at a discount of around 40 percent, and its priority is to increase this share value to an acceptable level, Reuters has reported.
BRUSSELS - Reuters
U.S. and EU officials meet in Washington this week for further talks on aviation security, as the EU braces for an extension of a cabin ban on large electronic devices to U.S.-bound flights from Europe.
BANGKOK - Anadolu Agency
Turkish Airlines will in the summer start flights to the Thai island of Phuket, a world leading tourist spot, the company’s manager in Thailand said on May 23.
The number of residential properties sold in Turkey surged by 7.6 percent year-on-year in April with the support of ongoing house sale campaigns with lower prices and interest rates, data from the Turkish Statistical Institute (TÜİK) showed on May 24.
The Turkish Economy Ministry has said Iraq’s decision to ban tomato imports is “seasonal and routine” and will not have any negative impact specifically on Turkey’s tomato exports to the country.
BEIJING - Agence France-Presse
Moody’s on May 24 slashed China’s credit rating for the first time in almost three decades citing concerns about the country’s rising debt and slowing growth, but Beijing rejected the downgrade as “inappropriate.”
The Turkish non-life insurance sector is likely to return to a loss this year, hit by the introduction of premium caps on motor third-party liability (MTPL) policies and rising inflation, Fitch Ratings said in a statement on May 23, as Reuters has reported.
Ankara must stick to its European Union membership target, explain itself in a better way and pass the reforms in order to be able to attract more foreign investment, Deputy Prime Minister Mehmet Şimşek said on May 23.
Iraq has announced it would ban tomato imports from Turkey as of May 21 to protect its own producers, according to an official statement from the Turkish Economy Ministry.
İZMİR - Anadolu Agency
The Industrial Development Bank of Turkey (TSKB) has committed to fund around $3.5 billion out of a total of $9.1 billion to initiate over 5 gigawatts of clean energy installed capacity in Turkey, a bank representative said on May 22.
Russian Prime Minister Dmitry Medvedev will pay a visit to Istanbul on May 22 to attend a summit of the Organization of the Black Sea Cooperation (BSEC) and hold talks with senior Turkish officials amid expectations that Moscow will soon lift all sanctions imposed on Turkish agricultural goods.