Tuesday, September 13 2011 , Your time is 15:58:00
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.
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.
The Central Bank has kept its main interest rate unchanged but continued to tighten monetary conditions by raising its late liquidity lending rate by 50 points.
Customs and Trade Minister Bulent Tüfenkci has backed the World Trade Organization’s (WTO) first-ever multilateral trade agreement, saying it would help developing countries boost their exports.
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.
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.
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.
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.
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.
Genel Energy, the Iraqi Kurdistan-focused oil producer co-founded by former BP boss Tony Hayward, on April 24 named Stephen Whyte to succeed the retiring Hayward in June.
Turkey will increase the duration of visa-free stay for Russian citizens, Foreign Minister Mevlüt Çavuşoğlu said April 23.