A man carries his shopping bag at a bazaar in Istanbul. Reuters
One in every eight Turkish lira is now generated by the nation’s travel and tourism sector. According to a recent report, the tourism sector contributed TL461.3 billion ($95.6 billion) to the country’s economy in 2018,
Turkey predicts annual real economic growth at 4.3% on average between 2019-2023, it said on Monday in an ambitious five-year development plan promising efficiency and competitiveness.
Turkish industrial production fell for the tenth consecutive month in June, data showed, offering few signs of a pick-up in economic growth as domestic demand remains weak after last year’s currency crisis.
Turkish borrowing costs have begun falling after the central bank slashed interest rates last week, but companies say more monetary stimulus and bank lending will be needed to kick-start the recession-hit economy after last year’s currency crisis.
Investor nerves over the spread of a deadly new virus from China hammered equities and oil benchmarks on Thursday, as authorities moved to contain the disease,
The second edition of the Global Investment in Aviation Summit (GIAS 2020), which is due to take place on January 27-29 at Madinat Jumeirah, will see the participation of high-profile delegations and 10 ministers
Infrastructure and engineering conglomerate Larsen & Toubro (L&T) on Wednesday reported a 16.48 per cent increase in its consolidated net profit for the quarter ended December at Rs2,751.66 crore.