Economy of Turkey

Turkish auto industry makes nearly 110,000 vehicles in October

Automakers in Turkey produced 108,078 vehicles in October, including automobiles and commercial vehicles, according to a sectoral report released on Nov. 15.

The figure decreased by 28 percent year-on-year last month, a report from the Automotive Manufacturers Association (OSD) showed.

EBRD raises Turkey's 2021 growth forecast to 9%

Citing a rebound in domestic demand and strong exports, the European Bank for Reconstruction and Development (EBRD) has raised its 2021 growth forecast for Turkey.

The Turkish economy is projected to expand by 9% in 2021, revised upwards 3.5 percentage points from its previous forecast, according to the EBRD's latest Regional Economic Prospects report published on Nov. 4. 

'Anamorphosis Atatürk' on display at Rahmi Koç Museum

An artwork titled "Anamorphosis Atatürk," made by Czech sculptor Patrik Prosko with the contributions of Temmer Marble, will be on display at the Rahmi M. Koç Museum from Oct. 29.

The artwork, prepared by the combination of 539 pieces from 93 different themes, symbolizes the life and values of the founder of the Turkish Republic, Gazi Mustafa Kemal Atatürk.