Turkish exports start 2017 with increase

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Turkey’s exports started the year with a significant increase, the Turkish Statistical Institute (TurkStat) said. Turkey’s exports in the first month of the year stood at $11.3 billion, an 18.1 percent increase year-on-year. Imports also rose to $15.6 billion, an almost 16 percent rise. TurkStat said the country’s foreign trade deficit increased by 10.3 percent in January year-on-year, amounting to ...

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Turkey’s manufacturing index signals ‘broad stabilization’

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A key manufacturing index has pointed to a broad stabilization in Turkey’s manufacturing sector, as manufacturing output increased since previous months and output index rose to the highest level since January 2016. The latest PMI index from the Istanbul Chamber of Industry (İSO) and IHS Markit was registered at 49.7 in February, up from 48.7 in January. The latest figure ...

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Turkey, reviewing private sector forex debts, will take measures

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Turkey is studying the forex debts of its private sector and will take new macro-prudential measures, Deputy Prime Minister Mehmet Şimşek has said, adding that measures would include new forex restrictions. Şimşek said the real sector was in a seriously open position in terms of foreign exchange debts. “Regarding the additional open positions, we will develop macro-prudential measures. These measures ...

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Turkey determined to strengthen tourism in all aspects

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Turkey is determined to strengthen its central position in all aspects of tourism,  Turkish Prime Minister Binali Yıldırım told a world tourism conference in Istanbul. Speaking at the World Tourism Forum, Yıldırım said that Turkey’s tourism sector continues to grow at a fast speed and will work to ensure that all cities throughout the country attract tourists. Yıldırım said that ...

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