In 2020, investment demand in Turkey was 25% higher compared to 2019 and it will be much higher this year with the government’s reform agenda, said the technology and industry minister on Friday.Mustafa Varank on Twitter noted that of the investments …
Turkey’s President Recep Tayyip Erdogan said on Friday that heavy fines will be imposed on vendors selling food at high prices.Those who are responsible for high food prices will face heavy penalties, Erdogan said in a speech after Friday prayer in Is…
The US Federal Reserve said Wednesday it kept its benchmark interest rate unchanged between the 0.00% – 0.25% range during its last scheduled meeting in 2020.The Fed said “economic activity and employment have continued to recover but remain well below…
The confidence in the Turkish economy rose month-on-month in January, said the country’s statistical authority on Thursday.The economic confidence index reached 96.2 this month, up 1.6% from 94.7 in December, TurkStat said.The monthly rise was driven b…
Turkey exported home textile products worth over $2.49 billion to 194 countries and autonomous regions last year, according to data released by an industry group.A majority of the exports were made to the Western countries — Germany ($480.6 million), …
Turkey’s benchmark stock index opened at 1,450.54 points on Thursday, down 1.12% or 16.46 points from the previous close.Borsa Istanbul’s BIST 100 index dropped 4.50% to close at 1,467.00 on Wednesday, with a daily trading volume of 34.3 billion Turkis…
The American economy contracted 3.5% in 2020, according to the Commerce Department on Thursday, marking the worst decline in gross domestic product (GDP) since 1946.The economy grew at a 4% annualized rate in the fourth quarter but that was not enough …
Tesla Inc posted record quarterly revenue of more than $10 billion for the first time in history in the October-December period last year, according to its financial results statement released Wednesday.The US electric vehicle maker saw its revenue soa…
Taiwan’s direct investment in Turkey has increased 10-fold and the number of Taiwanese tourists visiting the country has surged four times over the past seven years, Taiwan’s head of economic and cultural mission in Ankara said on Thursday.Speaking to …
