Latest News from Turkey
Turkish Islamic banks' loan growth to remain above average: Fitch
Fitch Ratings said it expects Turkish Islamic banks' loan growth to remain above the sector average, supported by new entrants to the market and increasing penetration, despite intense competition from conventional banks in a written statement on Jan. 25.
Turkey ranked 36th most innovative country in report
Turkey is the 36th most innovative country in the world, according to the recently released Bloomberg Innovation Index.
With a score of 60.92, Turkey ranked 36 out of 84 countries in the 2016 index, retaining its position from 2015 after it had moved up a spot in 2014.
Ford to exit all operations in Japan, Indonesia this year
Ford Motor Co will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" there, according to an internal document reviewed by Reuters on Jan. 25.
10 ISIL suspects detained in Turkish capital
A total of 10 suspects were detained on Jan. 25 in Turkey's capital, Ankara, for recruiting militants for the Islamic State of Iraq and the Levant (ISIL) and having connections with the group, the state-run Anadolu Agency has reported.
11 ISIL suspects detained in Turkish capital
A total of 11 suspects were detained yesterday in Turkey's capital, Ankara, for recruiting militants for the Islamic State of Iraq and the Levant (ISIL) and having connections with the group, the state-run Anadolu Agency has reported.
Turkey's Changemakers: Social startup Yuvarla increases individual donations
Yuvarla (Round Up) has been named the seventh Changemaker of the 7th season of the Sabanci Foundation Turkey's Changemakers Program.
Through Yuvarla, a small change when you shop online, which may not mean much to you, is transferred directly to civil society organizations a donation. There are two civil society volunteers behind this system: Emre Danaci and Erdi Yerebasmaz.
Turkey's TAV wins $1.1 bln airport project in Bahrain
Turkey's TAV Construction has been awarded the project to build a passenger terminal at Bahrain International Airport, which is undergoing a $1.1 billion upgrade, along with the Dubai-listed Arabtec.
Located on a 220,000-square-meter area, the new terminal will increase airport capacity from 4 million to 14 million annually, said TAV in a written statement on Jan. 25.
Russian GDP fell 3.7% in 2015: State statistics agency
Russia's gross domestic product (GDP) fell 3.7 percent in 2015 as the country's energy-dependent economy reeled from low oil prices, the state statistics agency said on Jan. 25, citing preliminary data.
Turkish FM talks to French, US counterparts ahead of Geneva talks on Syria
Turkish Foreign Minister Mevlüt Çavu?o?lu has spoken with counterparts from France and the United States ahead of U.N.-led peace talks between the Syrian government and opposition that are slated for the near future in Geneva.
Protesters march against Greece-Turkey border fence
Hundreds of people protested in north-east Greece on Jan. 24 against the security fence along the Turkish border, demanding the opening of safe routes for migrants, two days after 45 died making the risky Aegean Sea crossing.
Bulgaria's Chief Mufti Reelected amid Claims of 'Illegitimacy'
Mustafa Hadzhi was reelected on Sunday as Chief Mufti of Bulgaria, at a conference at a session of the country's Muslim officials where he was the single candidate.
All of the 991 delegates who were present approved the candidacy, this giving Hadzhi a third term in office (he was also reelected with no rivals in February of 2011).
US, Turkey agree on Iraq, Syria border, split on PYD
Turkey and the US have agreed on many issues in Syria and Iraq, but not on the status of the PYDTurkey and the United States are singing the same tune on a number of key regional issues including a Turkish military camp on Iraqi soil and the total closure of a key stretch of the Turkish border with Syria, but they remain in disagreement over the Democratic Union Party (PYD) in northern Syria, f
New branding strategy tells all to discover Turkey's potential
As a new branding strategy, "Turkey, discover the potential" implies that there is 'half-tapped' potential in the country and thus, provides a win-win to both Turks as well as those who come to explore the opportunities, says Mehmet Büyükek?i of the Turkish Exporters Assemby.
25 percent of foreign investments in real estate
The most desired aspect of foreign capital investments is foreign direct investment, but in Turkey's case, this item has a share of just one-fourth of the total inflow, almost equal to real estate purchasesForeign direct investments to Turkey, particularly after 2003, increased visibly compared to previous years.
After Mustafa Koç and Joe Biden
When he passed away after a heart attack on Jan. 21 at the age of 55, Mustafa Koç was head of the top industrial group in Turkey. Koç Holdings, the only entry from Turkey in Fortune's Top 500, represents nearly 10 percent of the country's GDP, 14 percent of its total exports (45 percent of the country's total automotive exports) and employs more than 80,000 people.