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Yatırım Yeri Turkish Economics News

Turkey, Ukraine begin passport-free travel

Turkey, Ukraine begin passport-free travel

A deal between Turkey and Ukraine allowing their citizens to travel to each other’s country without passports entered into force early June 1, said Andrii Sybiha, Kyiv’s ambassador in Ankara.

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Turkey’s banks remain resilient against risks: Central Bank

Turkey’s banks remain resilient against risks: Central Bank

Turkey’s banking sector is resilient against interest and exchange rate risks and its equity is above the level required to cover possible trouble, the Central Bank stated in its latest financial stability report on May 30.

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Turkey must stick to EU membership bid: Deputy PM Şimşek

Turkey must stick to EU membership bid: Deputy PM Şimşek

Ankara must stick to its European Union membership target, explain itself in a better way and pass the reforms in order to be able to attract more foreign investment, Deputy Prime Minister Mehmet Şimşek said on May 23.

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Turkey, Russia sign deal to remove trade barriers

Turkey, Russia sign deal to remove trade barriers

Turkey and Russia signed a declaration in Istanbul on May 22 to remove restrictions on bilateral trade that were imposed after a jet crisis in 2015, as news agencies have reported.

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President Erdoğan takes helm at Turkey's ruling AK Party, heralds new era

President Erdoğan takes helm at Turkey's ruling AK Party, heralds new era

He was re-elected the party chairmanship by 1,414 votes in the congress after 998 days.

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World braces for more cyberattacks as work week begins

World braces for more cyberattacks as work week begins

Governments and computer experts girded on May 15 for a possible worsening of the global cyberattack that has hit more than 150 countries, as Microsoft warned against stockpiling vulnerabilities like the one at the heart of the crisis.

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TÜBİTAK developed a national air-to-air missile

TÜBİTAK developed a national air-to-air missile

TÜBİTAK developed the first national air-to-air missile of Turkey. The missile is named as “Göktuğ”.

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Gazprom starts construction of Turkish Stream gas pipeline to Turkey

Gazprom starts construction of Turkish Stream gas pipeline to Turkey

Russian gas firm Gazprom said on May 7 that construction had begun for a gas pipeline under the Black Sea to Turkey, which is meant to eventually also serve the European Union.

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Turkey’s Ziraat Bank launches new operation in Georgia

Turkey’s Ziraat Bank launches new operation in Georgia

Turkey’s state-run Ziraat Bank will offer services in neighboring Georgia under a new institution called JSC Ziraat Bank Georgia, it announced on May 2.

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