World
S&P keeps Turkey credit rating unchanged
The Standard & Poor's (S&P) ratings agency kept Turkey's credit rating unchanged on May 5, declaring that its outlook remained "negative."
Turkey's foreign currency credit rating held steady at BB, while its local currency credit rating was also preserved at BB+.
Ratings on the country are supported by the government's low debt burden, the agency said in a statement.
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Moldova to open trade offices in Turkey
Moldova will establish offices in Turkey to strengthen a free-trade deal signed last year, the country's ambassador to Ankara, Igor Bolboceanu, has told state-run Anadolu Agency.
Bolboceanu spoke to Anadolu Agency ahead of a two-day visit by senior Turkish businessmen and officials including Prime Minister Binali Yıldırım to Moldova.
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Turkey to realize key tax, financial and production reforms in short run: Deputy PM
Turkey's government is set to realize key reforms in the areas of production, tax, severance pay and new financial instruments in the short run, a top official said May 5.
Speaking in his opening speech at the Coordination Board for Improving Investment Climate meeting in Ankara, Deputy Prime Minister Nurettin Canikli said Turkey would continue to make reforms.
EBRD 'keen to work with Turkish sovereign wealth fund'
The European Bank for Reconstruction and Development (EBRD) hopes to make the Turkey Wealth Fund (TVF) a major partner, just as Kazakhstan's sovereign wealth fund became its largest client, the bank's managing director for Turkey said on May 5.
Serbia likely to soften its position on GMO ban
BELGRADE - It is almost certain Serbia will have to soften its position on the ban on GMO cultivation, but it is important that we do not get ahead of the EU on the matter, says Vukosav Sakovic, head of Serbia Grains, an association for advancement of production and exports of grains, oil seeds and products.
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Jean-Claude Juncker says English is ‘losing importance’ after Brexit as UK ‘abandons’ Europe
Jean-Claude Juncker has accused Britain of “abandoning” the EU and joked that the English language is “losing its importance in Europe” because of Brexit.
Donald Tusk, the President of the European Council, on Thursday warned Theresa May and Mr Juncker that Brexit negotiations could become “impossible” if they become “emotional”.
Turkish hoteliers expect up to 6 pct increase in arrivals from Middle East
A top Turkish hoteliers association has said around 4 to 6 percent of increase is expected in arrivals from the Middle East to Turkey over this year, particularly ahead of and after the holy month of Ramadan.
In a written statement on May 5, the Hotels Association of Turkey (TÜROB) said there is demand especially for health tourism from the region.
EU urges Xhaferi to be above "party, inter-ethnic politics"
EU foreign policy chief Federica Mogherini has called on the president of the Macedonian Assembly Talat Xhaferi to be above "party and inter-ethnic politics."
Xhaferi, a representative of the Albanian DUI party in Macedonia, has been meeting with EU officials in Brussels since Thursday.
"There is always alternative to Euro-Atlantic integration"
Russia's EU Ambassador Vladimir Chizhov says there is always an alternative to Euro-Atlantic integration when it comes to the Western Balkans.
Beta reported this citing an article published on the Brussels-based euractiv.com website.
Minister Zaharieva Promises Balanced Foreign Policy
While taking over the position of a foreign minister of Bulgaria, Ekaterina Zaharieva commented that the priorities of this country's foreign policy were clear and the new cabinet would stick to those, BNR reported.
By pointing out that the world was not over with the EU and the USA, Zaharieva assured that the state would strive for a balanced foreign policy.