Production

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…

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…

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…

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…

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…

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…

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…

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…