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Last Business News from Turkey
 Last Business News from Turkey

  • Minister pledges annual export target will be surpassed
    Foreign Trade Minister Zafer Çağlayan has said exports were up by 10.2 percent in July as of the 26th of the month over the same period a year ago, which for him implies that the annual target of $107.5 billion will be exceeded if this momentum can be sustained.


  • İMKB extends gains, reaches new heights
    The Turkish markets’ hunger for new records continued on Wednesday, largely fueled by positive international developments as many companies reported forecast-beating earnings, with banks in particular giving the sector a reason to be more optimistic.


  • Bankers optimistic about economy, survey shows
    Managers of Turkish banks believe there will be positive developments in major indicators, including gross domestic product (GDP), loan volume and asset size, in the third quarter of this year, whereas interest rates will stay flat, a recent survey has revealed.


  • Çağlayan in Azerbeijan to reinforce commercial ties
    Foreign Trade Minister Zafer Çağlayan, currently on an official visit to Azerbaijan, was received by the country’s president, Ilham Aliyev, on Wednesday.


  • IMF gives ground on yuan exchange rate debate
    The International Monetary Fund has chosen not to call the yuan “substantially” undervalued, a move that recognizes China’s efforts to free up its exchange rate and avoids friction with an increasingly influential shareholder.


  • Businessmen cheer US trip, look for next steps
    Turkish businessmen accompanying Foreign Minister Zafer Çağlayan on his visit to the US last week expressed their satisfaction with the trip and their hopes that trade relations between the two countries will develop further.


  • ArcelorMittal, Nippon wary due to China slowdown
    Leading global steelmakers ArcelorMittal and Nippon Steel Corp became the latest companies to warn slowing growth in China could hit profits, even as both posted strong quarterly earnings.


  • Turkey, Turkmenistan to renew electricity purchase deal
    Turkish Energy and Natural Resources Minister Taner Yıldız has announced that Turkey and Turkmenistan have agreed to renew a deal on the purchase of electricity from Turkmenistan.


  • LG Electronics’ 2Q net profit falls 33 percent
    LG Electronics, a top global manufacturer of consumer electronics and home appliances, said second-quarter net profit fell by a third amid a decline in sales and an operating loss in mobile phones.


  • Petkim in talks with Dutch company for Aliağa port
    Turkish petrochemicals producer Petkim is in talks with a Dutch terminal operating company to expand and operate the port of Aliağa, which is projected to have a larger capacity than the port of İzmir by 2018, Batu Aksoy, a Petkim board member, has said.


  • China’s Zijin Mining told to curb gold production
    Zijin Mining Group Co Ltd has been ordered to curb gold mining production after a pollution discharge in Shanghang county, Fujian province, the company said in a filing to the stock exchange.


  • Number of tourists visiting Antalya about to reach 10 million
    Turkish culture minister said on Thursday that the number of tourists visiting the southern city of Antalya was about to reach 10 million since the beginning of the year.


  • Hyundai Motor 2Q net profit soars to record $1.2B
    Hyundai Motor Co.'s second-quarter net profit soared 71 percent to a record high as both sales revenue and volume rose.




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