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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey possesses a major opportunity to diversify its gas portfolio, the chief of the International Energy Agency (IEA) has said while commenting on the steps that Turkey could take regarding energy.
A 30,000-square-meter green area by the sea in Istanbul’s coastal Büyükçekmece district, known as Albatros Park, has been sold to two companies that bid through a joint venture in a tender on April 11.
Turkey and the U.S. will continue to build on their successful energy cooperation as the U.S. views Turkey as an important energy hub, U.S. Secretary of Energy Rick Perry said on April 27.
The Turkish Lira rallied to a four-month high on April 27 after a surprise policy tightening decision reassured investors about the Central Bank’s resolve on inflation, as reported by Reuters.
Turkey’s hotel occupancy rates rose in March after months of decline thanks to a surge in the number of business meetings and the sharp rise in the number of Iranian tourists visiting Turkey during the Nevruz holiday.
Confidence in Turkey’s economy has risen in April, hitting its highest level since December 2015, according to the Turkish Statistical Institute (TÜİK).
The impact on the state budget of recent measures to boost Turkey’s economy will only be minimal and will gradually decrease, Finance Minister Naci Ağbal has said.
Recent developments indicate the resilience of the Turkish economy and supportive fiscal and macro-prudential policies have mitigated the downside risks on economic activity, Central Bank Governor Murat Çetinkaya said April 20.
Turkey hopes to sign a major defense export deal with Saudi Arabia, Defense Minister Fikri Işık said on April 26, describing the potential deal as one of the biggest for the country’s defense industry.
The Trump administration on April 26 unveiled plans to dramatically cut taxes for U.S. businesses and individuals, slashing the corporate rate to 15 percent, but the once-in-a-generation overhaul is headed for a tough fight in Congress.
Turkey is set to introduce a new system to increase the data quality in tracking suspicious transactions, in line with efforts to boost the fight against money laundering and terrorism financing, senior officials announced on April 26.
Turkey’s benchmark index closed the week with a 384.55-point hike to reach 92,423.93 points on April 21, marking it the second highest close of all time.
Turkey’s main stock exchange Borsa Istanbul is working on new financial instruments that will bring higher yields for lower risks and be based on several unusual products including popular TV series, car manufacturing projects and construction projects, the bourse’s head has said.
The Borsa Istanbul (BIST) 100 index, the benchmark index of Turkey’s main stock exchange, hit a new record high on April 24 by surpassing its previous record at 93,398 points, which was set back four years ago.
Turkey’s Labor and Social Security Ministry has dubbed 2018 as the year “to fight child labor” and prepared an action plan that includes several key measures, from tighter controls in child labor intensive sectors to closer examination to schools’ student attendance records, in a bid to achieve this goal.
The number of registered women wage-earners in Turkey fell by 40,000 in December 2016 compared to the same month of 2015, according to a new report prepared and released by the Economic Policy Research Foundation of Turkey (TEPAV).
The Turkish unemployment rate of 13 percent registered in the December-February period will be a peak and will fall to around 9.5 percent by the end of 2017 and below 8 percent in 2018, Labor Minister Mehmet Müezzinoğlu has claimed.
European Union nations have agreed to help each other meet gas shortages in a severe crisis, officials said April 27 as they seek to depend less on Russia.
Turkey is likely to require 25 percent less gas in 2030 than forecast by state-owned pipeline operator BOTAŞ as the government promotes renewable power and domestic coal use, a study showed on April 24.
Turkey will increase the duration of visa-free stay for Russian citizens, Foreign Minister Mevlüt Çavuşoğlu said April 23.
Turkey’s tourism sector has kept losing its share in Germany, with German tourists opting to visit other countries such as Spain and Greece rather than Turkey, amid security concerns and recent tensions in bilateral ties, said a leading sector association on April 21.
Turkey’s struggling tourism sector wants to give a boost to the number of Turks traveling within the country and thus increase the share of local tourists in total numbers.