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‘Turkey’s garment industry’s exports to exceed $20B’

January 21, 2021 turkeynewsgazette.com

The Turkish garment industry plans to make more than $20 billion in exports in 2021, according to the head of the Turkish Exporters’ Assembly (TIM) on Thursday.In a written statement, Ismail Gulle said ready-to-wear clothing exceeded 10% of the countr…

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Production 

UPDATE – Turkish Central Bank keeps interest rates unchanged

January 21, 2021 turkeynewsgazette.com

The Turkish Central Bank on Thursday kept the policy rate constant in line with market expectations.The bank’s policy rate – also known as the one-week repo rate – stands at 17%, the bank said in a statement, noting that additional monetary tightening…

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Production 

European Central Bank keeps interest rates constant

January 21, 2021 turkeynewsgazette.com

The European Central Bank kept interest rates unchanged, the bank announced on Thursday.Interest rates on main refinancing operations, marginal lending and deposit facility stand at 0.00%, 0.25%, and -0.50%, respectively, according to a statement by t…

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Production 

EU: Government debt/GDP ratio rises to 89.8% in Q3

January 21, 2021 turkeynewsgazette.com

The government-debt-to-GDP ratio in the EU rose to 89.8% at the end of the third quarter of 2020, the EU statistical body said on Thursday.Amid the impact of policy responses to COVID-19 containment measures, the ratio climbed from 87.7% in the previo…

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Production 

Turkish Central Bank keeps interest rates unchanged

January 21, 2021 turkeynewsgazette.com

The Turkish Central Bank on Thursday kept the policy rate constant in line with market expectations.The bank’s policy rate – also known as the one-week repo rate – stands at 17%, the bank said in a statement, noting that additional monetary tightening…

Read more
Production 

Tokyo Olympics, Paralympics to cost over $3.7B: Report

January 21, 2021 turkeynewsgazette.com

This year’s Tokyo Olympics and Paralympics will end up costing the Japanese government more than 390 billion yen ($3.76 billion), local media reported on Thursday.The figure includes $781 million added to the supplementary budget for anti-infection me…

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Production 

Turkey: Consumer confidence up in January

January 21, 2021 turkeynewsgazette.com

Consumer confidence in the Turkish economy posted a rise in January, the country’s statistical authority announced on Thursday.The consumer confidence index stood at 83.3 this month, up by 4% from 80.1 in December, the Turkish Statistical Institute (Tu…

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Business Production 

Borsa Istanbul up at Thursday open

January 21, 2021 turkeynewsgazette.com

Turkey’s benchmark stock index opened at 1,578.03 points on Thursday, up 0.55% or 8.68 points from the previous close.Borsa Istanbul’s BIST 100 index rose 0.28% to close at an all-time high of 1,569.35 on Wednesday, with a daily trading volume of 29.9…

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Production 

Turkey: Machinery exports hit $17.1B in 2020

January 20, 2021 turkeynewsgazette.com

Turkey’s machinery exports reached $17.1 billion in 2020, marking a decrease of just 4% despite the novel coronavirus pandemic, an exporters group said Wednesday.The machinery sector increased its performance by 17.5% in December and 9% in the last qua…

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